Today, travel has become an integral part of our lives. Whether it’s exploring new cultures, indulging in adventure, or simply taking a break from the daily routine, travel allows us to broaden our horizons and create lasting memories. However, many individuals often find it challenging to save enough money to fulfill their travel goals. That’s where a money-saving app like Multipl comes in. This article will discuss how Multipl can help you turn your travel desires into reality.
Why is it Important to Save Money for Travel?
Imagine you always dreamt of visiting Iceland. You’ve seen stunning pictures of its majestic waterfalls, mesmerising landscapes, and the ethereal Northern Lights. However, you don’t have sufficient funds to make this dream trip a reality.
After a year of disciplined saving, you finally have enough money to go on your Iceland vacation. You book your flights, secure accommodations, and plan exciting activities. Instead of taking out a personal loan, wouldn’t self-funding your vacation give you a sense of satisfaction and accomplishment? Of course, you’ll feel all this! This is because saving money for your Travel Goal evokes excitement, anticipation, empowerment, fulfillment, and personal growth.
How Multipl Helps You Achieve Your Travel Goals
Multipl is a savings app that simplifies mutual fund investing. With the app, individuals can invest a fixed amount regularly in SIPs and build their savings. Here’s how Multipl can help you build your Travel Goal.
Convenience
Multipl offers a seamless and hassle-free experience, which allow users to set up their Travel Goal instantly.
For example: Maddy, a 30-year-old IT professional earning ₹50,000 per month, wants to visit Europe in the coming year. He estimated the total cost of his trip, including airfare, accommodation, meals, and sightseeing expenses, would be ₹1,50,000. Thus, Maddy needs to save ₹1,50,000 in 12 months.
With Multipl, Maddy could easily set his Europe Travel Goal and divide the total cost into SIPs. This will help him create a structured savings plan that aligns with his financial capability. Therefore, he just needs to invest ₹12,500 for the next 12 months to reach his goal. Also, this consistent saving strategy won’t put any extra burden on his finances.
Custom Travel Goal Plans
Multipl understands that everyone has different Travel Goals. Therefore, the app allows users to customise their saving strategy based on their specific needs. This depends on their risk profile, goal time horizon, goal amount, and market valuation. Whether users are looking for aggressive growth or a balanced approach, Multipl offers a wide range of mutual fund options to suit different investment styles.
Automation
One of the key benefits of Multipl is its AutoPay feature Mandate. With Mandate, users can set up their monthly SIP installments and ensure they don’t miss any payments. This feature encourages consistency, which helps individuals stay on track with their travel savings goals.
Expert Recommendations
Multipl has a team of financial experts who study the market and suggest mutual fund categories to users based on their risk profile, goal duration, goal amount, and market situation. By following these expert recommendations, users can make smart investment choices that increase the chances of earning higher returns on their Travel Goals.
Note: Multipl receives absolutely zero commission from any mutual fund house. The recommendation process is purely aligned to help users achieve their goals.
Tracking and Monitoring
Our investment research team at Multipl actively monitors and rebalances your portfolio based on the market cycles, goal progress, changes in your risk profile, etc. Our team comprises highly qualified and very focused CFA, CA, and MBA grads with over 45 years of collective experience in investment advisory and research.
Final Words
To fulfill your travel dreams, it’s important to save diligently and invest smartly. By harnessing the power of mutual funds, Multipl offers a comprehensive solution that not only helps users accumulate wealth but also cultivates financial discipline and long-term financial stability. So, if you want to explore new horizons, let Multipl be your trusted companion on your journey. Download the Multipl App from Play Store/App Store.
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