After making the decision to travel the world I calculated I would require around £20,000 for a 10 month trip. This is probably larger than most people’s budgets as I had to ensure my mortgage and related expenses were covered while away.
Unfortunately £20,000 is not a small amount and unless I won the lottery I realised I would have to do some serious saving.
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The bulk of my travel savings came from work and a commitment to saving for travel. But there were a couple of extra little bits I did to pad this out. These little extras are unlikely to fund your whole trip but may pay for some luxuries along the way.
Sell the stuff you don’t use
My cupboards were full of clothes I didn’t wear, broken laptops and unwanted gifts. I made an effort to sell as much of this as possible and more. Continue reading
One of the most difficult aspects of planning a round the world trip is getting the funds together. Although long term travel needn’t be expensive the costs involved do require some consideration before taking the leap.
A good first step is deciding which countries you plan to visit and for how long. From this you can usually work out how much you’ll need for day to day expenses on the trip. For example for each month in New Zealand I budgeted £1500 ($2150) and India £500 ($715).
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