We are often asked how much it costs to travel for a year. Obviously this isn’t an easy question to answer – it depends on where you go, what you do and what level of comfort you would like. To answer this question for yourself you need to come up with a travel budget. This is how we budgeted for our year long round the world (RTW) trip.
Plan where you want to go
Have a rough idea of which countries you’d like to visit and how long for. You can (and very probably will) adjust this later, depending on what you can afford and how your plans change.
Calculate your pre-trip expenses
These include flights (RTW or pay as you go), travel insurance, visas, vaccinations and gear (clothes, backpack, camera etc).
Work out your daily budget
For this you need to know where you want to go, how long for and how much an average daily budget is for that country. For example we budgeted £12 each per day for India for 3 months which totals £1080 per person. It helps when countries within a region have similar budgets, so you can budget say £12 a day for 5 months on the Indian Subcontinent and £15 a day for 3 months in Southeast Asia. This gives you greater flexibility to change your plans without messing up your budget.
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