Johannesburg – Your finances can play a big role in what you can do in a gap year. Taking a year off without an income can add financial strain and you need to carefully plan for it to avoid incurring debt, said an expert.
“Once you decide about what you want to do in your gap year you need to plan how you will fund this lifetime experience,” said Stephan Buys, head of strategic business development at FNB Cash Investments.
“Taking a gap year is not a cheap exercise; however, it’s possible to take a gap year without incurring debt. What’s most important is to start planning early and ensure the plan is adhered to,” he said.