This is a tough question because it depends on so many things, but I was wondering what the average budget is (in Euro's or GBP) for travelling around the world for a year. I plan to work in Australia and possibly Tailand, but how much should I plan for?
To help you out, I'll be staying in dirt cheap hostels and travelling to the following countries (rough guide):
- Australia (4 months)
- Japan (2 weeks)
- China (1 month)
- India (3 months)
- Tailand (1 month)
- Mexico (2 months)
- Costa Rica (2 weeks)
Any advice you have on budget would be grately appreciated.
This is a very individual thing! Everybody has different ways and different standards... My partner and I did it on an extremely low budget - of 5$ a day - but this was by hitchhiking, camping out, etc. It isn't anything to go by, just to show that it's possible.
Enjoy the journey!
I averaged $23 a day in Mexico.
As an example: we (me and my BF) are doing a RTW leaving in May and have no return date yet. We are budgeting $50 for the two of us per day. Some countries are a little more expensive - like Japan - so we up the budget there. But we've said to ourselves if we can save some of the left over money (Say we spend $15 on accomm. and $15 on food - we'll have $20 left over that day) then we can splurge down the track.
You should be able to get cashed up in Oz. If you come to the Gold Coast there's always plenty of work for backpackers. Just pick up the local paper or even stroll through Cavill Mall and look in the shop windows - they usually advertise that they need someone.
Like kinga_free said, it's "a very individual thing".
Thank-you for the replies. So far it seems to be the case that I won't know until I go. Is there a general amount I should save before going. I was budgeting £5000 for the entire trip (not including money I earn whilst working in countries).
Any tips on ways to save money whilst travelling?
5000gbp if it excludes air tickets is generally consudered reasonable, with tickets could be tighter but still possible. You won't live a life of absolute luxury, but you'll be fine.
Saving money - Alcohol. lots of nights out eat your funds very quickly. I'm not saying never go out, but don't plan on going out every night as often happens. A few cans/bottle of wine from an offie will save you lots of money over bars if your a big drinking person. Local beers in bars will be cheaper than imports.
Carry some bits of food and cook for yourself regularly, and if possible take a packed lunch with you on day trips. Again that doesn't mean not going to restaurants and tasting local specialities, at all but you can save lots of money by shopping in supermarkets. You also get to cook/share with other travevellers etc. Even daft things like using tap water to fill your bottle (when drinkable) will save you lots of money over a year on constantly buying bottled water.
Join up to Hospitality Club, Servas, Couch Surfing and similar - free accom and a great way to meet locals etc. Camping and hitchking save money as well.
At the moment, the dollar against the gbp is very poor, so if your going to take cash think of getting a stack of Usd before you go, and at advantageous rates at the moment!
Don't use your ATM card frequently unless you are positive you won't get charged! Get out enough for a few days/week at a time, and hide it around yourself/belongings as opposed to keeping it all together.
A bit of planning - many museums/attractions will have free entry days, or times when there's a discount, or you can get a youth discount etc etc providing your there at the right time/day.
I've gone through £6000 since leaving the UK 2 Nov.
Did long w.e. in HK, 6 wks in Thailand, w.e. in Sgp then been in Sydney since 22 Dec. Only managed to get work at beginning of Feb, moved from Backpackers into a shared apartment and been working my backside off (6 days a week) since.
Planning to start moving up the coast beginning of May and do some more sightseeing. Apart from spending Christmas/NY at Bondi Beach and visiting relatives for a week in Hunter Valley, not seen much of Oz yet.
Have found even whilst working, I've not been able to save very much in Sydney, so packing up and moving on when the lease on my apartment (sharing a room) runs out at the end of April, otherwise I will end up getting stuck here which defeats the object of my trip.
Still have NZ, LA & NY to do before returning home so will have to try and save a bit!
Paul - Please excuse my curiosity, but wondering what that £6000 includes? I.e. does that include airfares etc, or is that not including tickets.
Also, does that include some serious amounts of clubbing/partying or major blow outs, or not, especially in Sydney?
Just trying to get a context on that, as 6000 in 5 months sounds a lot of money ((works out at over 14000 for a year, which sounds a heck of allot, and more than most people seem to go with))
Yikes! I just did the conversion - that's ?8700+
You spent what I am taking for a full year in the space of 5 months!!
that should read 8,700+ euro