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Women Who Travel | Condé Nast Traveler

How We're Thinking About Money for Future Trips

Women Who Travel | Condé Nast Traveler

Condé Nast Traveler

Society & Culture, Places & Travel

4.4636 Ratings

🗓️ 23 September 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

When we recorded our “Honest Conversation About Saving and Budgeting for Travel” episode back in February, we had big plans for saving for travel, sure, but even bigger plans for spending those savings. Unfortunately, most, if not all, of those big spender dreams have been dashed, but one of this week's guests, Bourree Lam, The Wall Street Journal's personal finance bureau chief, has found the silver lining: “One way to think about [travel savings] may be that if you're saving for a big trip, you actually have more time to do that now, so you can be more ambitious.”

In our latest episode, we speak to Bourree and Traveler's transportation editor Jessica Puckett about how to be ambitious in your savings when everything seems so uncertain, how to take stock of your finances, the best ways to rack up points and miles when you're staying home, and more. Hopefully, it'll help set you on the right path for an even more extravagant adventure in the coming year. 

Find a full transcription and links mentioned here: https://www.cntraveler.com/story/how-were-thinking-about-money-for-future-trips-women-who-travel-podcast

Follow Bourree: @bourreelam

Follow Jessica: @jesspuck

Follow Meredith: @ohheytheremere

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Transcript

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0:00.0

Hi, everyone and welcome to Women Who Travel, a podcast from Connie Nass Traveler.

0:07.8

I'm Meredith Carey and with me, as always, is my co-host, Lala Eric Hoaglu.

0:12.0

Hello!

0:13.0

Earlier this year, we shared an episode all about making your travel savings go as far as possible,

0:18.0

and little did we know we wouldn't really be touching those travel savings

0:21.0

at all for the rest of the year. These last six months or so have put money in a really

0:25.6

different perspective for a lot of us. So this week, we've brought in two experts to help talk

0:30.1

through how our relationship with travel spending has changed and how we can best prepare for

0:34.2

next year. Joining us are Jessica Puckett, who covers all things points and miles

0:38.3

for Traveller. Thanks for coming on, Jess. Hi, thanks for having me. And Beret Lamb, the Wall

0:43.5

Street Journalist Personal Finance Bureau, Chief. Thank you so much, Varee. Hey, great to be here.

0:48.7

So before we get into our first question, we do want to remind everyone that neither Jessica,

0:53.3

Beret, Meredith, or I are

0:54.9

financial advisors. I've certainly made that clear when talking about my own finances in previous

1:00.2

episodes. So throughout this episode, please remember that we're speaking from personal experience

1:05.3

and reporting during this episode. So I can kick it off with the first question, which is how has each of your personal relationships with money changed since the pandemic began?

1:19.6

So my personal financial goal for this year was to bulk up some of my emergency savings fund.

1:28.2

That has kind of, the importance of that has only grown since, you know, all the uncertainty

1:34.0

that the virus has brought.

1:35.9

So in addition to trying to save for that, I'm really just using this time to reset financially.

1:47.3

I think it's a really good pause to kind of evaluate what is worth spending my money on. What are my priorities? And for me, I think like most

1:54.4

people, I've really shifted away from, you know, eating out in New York City, going to bars. We

...

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