Hi, I’m back again with part II of my travel tip series! About a month ago I wrote about the most important precautions before going on an epic journey – so if you missed that one, please check it out here. If you ever thought about traveling for a longer time period, you most likely wondered about these questions: How much money do I need? What to pack? Where should I book my tickets and hotels? In the following, I’ll focus on the first question and I’ll provide packing and booking tips in one of my next posts 🙂You got it, it’s time to get down to business!
Please note: This is NOT a sponsored post and I’m not receiving anything from the links on this article. This information is only based on my experience and personal opinion.
Let’s talk about money! Logically your budget is highly depending on your destinations and your travel style, so all I can tell you is about my own budget: In total I spent about 15k EUR for 7 months of (mostly) solo travel. That included all tickets, accommodation, transportation, activities, food & drinks but also all expenses before the trip like health insurance, vaccines, a new backpack and visas (I actually needed one for India and Vietnam and the ESTA for the US).
I can break down my expenses as follows roughly (in EUR):
-300 for vaccines
-270 for travel insurance
-100 for my backpack
-100 for visas
-5.300 for flights
-6.500 for accommodation
-3.000 for any other expenses on-site
Things to consider:
-I was backpacking a lot but not as cheaply as possible: Neither I camped overnight or tried couch-surfing – I needed a certain level of privacy, safety and comfort 🙂 I took flights instead of long bus/train journeys or got my own room from time to time, but most importantly I didn’t miss one experience I wanted to see or do! Your trip might be a once-in-lifetime experience, so it would be pity to skip anything wouldn’t it?
-I traveled through India, Southeast Asia (very budget-friendly), but also Korea, Japan, Australia (mid-range) and Palau, Polynesia (very expensive) to Chile, Peru (moderate) and the US (which I don’t count here because I stayed there for free :P). Your chosen destination(s) might have the biggest impact on your budget. While I got a decent room for myself for as little as 10 USD in India, Thailand and Vietnam, I paid twice as much for a bed in dorm in Hongkong or Sydney. However I always found accommodation for maximum 50 EUR per night – even at the most expensive destination – and I haven’t experienced any serious lack of comfort!
I found a little gem in paradise: This cozy guesthouse was one of the few budget options on Bora Bora, French Polynesia ❤︎
-Beside the accommodation, the flights ate up the biggest chunk of my budget although I could’ve cut down the cost if I had gone with a round-the-world-ticket. They start as low as 1.500 EUR but I didn’t like the restrictions that came with it. As most of the destinations I wanted to visit weren’t covered or too complicated to include in the itinerary, the round-the-world ticket was out of option. You should definitely check if a RTW ticket is the right thing for you at your local STA agency! Instead I booked each flight separately, which gave me the biggest flexibility. I also traveled a lot with low-cost-airlines which worked out great!
-There were two exceptional situations which saved me a lot of money actually: Firstly, I was visiting my mom in Korea and I got to spend to a week in her apartment. She cooked and paid for restaurant visits now and then… You got family abroad too? Maybe you should combine your trip with a family visit 😉 Secondly, I spent the last month in New York at my boyfriend’s place, so not having to pay for accommodation in the US was a huge budget saver!
-Sharing is great! I was grateful for every friendly traveler I met along the way to be able to share a room or tour with. Especially some tours are only private and they can become very costly if you have to pay a driver or hire a boat for yourself… So overcome your shyness and take the chance to make friends anywhere and anytime!
-The fees for exchanging money or withdrawing from the ATM’s shouldn’t be overlooked either… There are banks that offer credit cards catered to frequent travelers with little to no withdrawing fees, however check the small print carefully. One credit card I’m using since many years (popular in the German-speaking area) is from DKB.
I hope that was somewhat useful or interesting for you 🙂 Do you have any more budget tips? Let me know!