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How much should I save?

Travel Forums Round the World Travel How much should I save?

1. Posted by T_I_N_A20 (Budding Member 35 posts) 10y

I'm 17 by the way and I'm planning to do the around the world trip in three years(I'll be 20), so now I'm saving money for it, but I'm going to China next year for a month to learn Mandarin (My father will pay for my trip, except my personal expense) and I won't be able to work in the summer next year. That means I'll have this Sept until Mid-June to work as part-time to save up, and the next two years, I think included the summers. So far, I save 430$ since January with my change and gift money.

I already know where I want to go, I'll probably change my mind in the future. I'll finish college by then and I'll be taking a year off before I enter University to travel and work abroad.

I'll be going to London in mid-May to work for two months and a half or three, not sure yet, then I'll start touring Europe, i'm thinking of touring all of it for three months and a half, but it's going to cost a lot =S. After, I'll be spending the winter in Asia or Africa each for three months (still undecided about it). That's my plan for now... Maybe I'll add more place, any recommendations?

How much should I save? It looks unrealistic to me though @.@"

[ Edit: Edited at Jul 29, 2006 5:46 PM by T_I_N_A20 ]

2. Posted by T_I_N_A20 (Budding Member 35 posts) 10y

Anybody ? =(

3. Posted by Sander (Moderator 4817 posts) 10y

I haven't traveled to most of these places, so I really don't know what it all adds up to. What I'd do is go to a local bookstore, and look up the Lonely Planets for all of these destinations. One of the first sections in them will be "getting started", with a "costs" subsection, giving you some general figures for "eke out a living" to "living comfortably" (specifics of this vary in individual lonely planets, but once you've seen one or two, you'll know what to look for). Take the average of those two figures as the all-in daily cost, which includes transport to and from spread out over many days. You can live cheaper than that, but between activities and learning how to, you won't. Multiply by the number of days you'll be there. Do that for each country, or at least part of the world. (There'll be real differences between west Europe and east Europe, but not between Denmark and Germany.)
Look up minimum wages for places you want to work at to to figure out how much you'll earn when there (but don't forget that you'll still be spending for food and accommodation, if not for travel; backpacker jobs won't make you rich - only allow you to stay on the road a bit longer). Do the math.

(If I have to give a ballpark figure, I'd say €7500, or about $11,000 (Canadian) will get you a long way there, but someone with actual experience (in Europe, since that's the expensive part) might easily say that that's much too low (or high?))

[ Edit: Edited at Jul 30, 2006 2:41 PM by Sander ]

4. Posted by T_I_N_A20 (Budding Member 35 posts) 10y

Thanks Sander. I don't know if 11,000 Canadian dollars is enought for me since I don't anything about Europe ^.^" and It's going to be my first time travelling for a year.

I would like more informations please. I'll surely check my local library for the books you mentioned.

5. Posted by aliyoung99 (Budding Member 56 posts) 10y


Europe in my experience is dictated again, by where you want to go and what accomodation you want to stay in. accomodation in the big western cities, Paris, Vienna, Rome, Barcelona - in my experience tended to be anwhere from 20 Euros for Hostels up to 60 euros for a buget hotel room. Again, this depends on your itinerary etc. Starting in London would be an expensive option too. there is plenty of work, but accommodation (especially in the centre, is astronomical!) If you are keen on working in the UK, i suggested trying one of the other big cities, Manchester and Leeds are superb places to stay (being from the N.W doesnt make me bias does it? ) and i know for a fact that Manchester Uni offers cheap rooms in its halls of residence over the summer and rooms in shared houses are very easy to come by at prices around the £50 per week mark.) Whereas in London, My friend and his girlfriend pay £400 each per month for their one bed flat in london. When you know exactly what you want to do, post again and im sure you will get more specific advice..

6. Posted by lost again (Budding Member 66 posts) 10y

I have heard it is safe to say about $1000 a month on round the world trips - of course a huge factor is where you will be staying (hostel, hotel, camping, etc), what you will be eating, what country you are in, and how much travel you will do within in the country. I am trying to save for about that much so I don't stuck just lounging around a hostel because I have no money.

7. Posted by rasberries (Inactive 154 posts) 10y

ok.. well not sure.

is your dad paying for your around the world fare?

if your going to work in uk for awile then your living expense and food is taken care of..

if you take ryan air/easy jet/ and eurail around europe which is the smartest way and safe and cheap! stay in hostels. not the crap ones but the semi good ones. thats like 20 canadian a night. sometimes if you do like 2 hours housekeeping a day or front desk work you can stay for free.

as for asia and africa all depends.. where are you flying to and from. usually for around the world flights with overland segments your looking at anywhere between 4000-5000 cad.

8. Posted by T_I_N_A20 (Budding Member 35 posts) 10y

aliyoung99 : Thanks! I think I'll pick Manchester. I'll probably go to London on the weekend if I can.. Hehe ^.^" I'm not really sure where I want to go yet, but the Uk will be one of option in three years.

lost again : 1000$/month ? That's not much hehe... Hopefully,my stay in the UK will be paid because I'll work there. I'm going to stay in a hostel, not sure about camping though... @.@" I've never camp in my life. How was it? I don't know which part of Europe I'll go yet, France for sure, Spain (maybe), Italy, I'm still deciding where I want to go. In Asia, I'll visit India for sure, Thailand, Vietnam, probably other poor asian countries. Africa, I'll go to Morocco and I'm going to stay at my friend place, so accomodation and food will be provided most of the time. I don't know where in Africa I want to go, I'm still deciding too. \

rasberries : No unfortunatly, my dad won't pay for my trip. I have to pay everything by myself. Yeah my expense will be from work, so everything will be taken care off, so I don't need to worry about the UK. I'm thinking of buying a flight from airtrek, that's the only place I know for around the world trip...hehe
I should prepare money for my ticket too... Thanks ^.^

P.S : Sorry I replied late... :)