Do you buy stuff or experiences?
Believe it or not, traveling around the world is cheaper than being unemployed back home and existing day to day, even if you don’t live in a big city and have a huge social life.. That being said, it’s clearly something that you have to plan ahead for. Being unemployed doesn’t just mean you can take off and live cheaper elsewhere (although maybe you can…?) The length and path of your trip is determined by two things (which determine a lot in life): time and money.
When James and I started plotting this trip, we had to figure out how much dinero we had, since we both have all the time in the world. While that may seem like an overwhelming task, there are a couple things you have to factor in to tackle this question, making it much more manageable.
What’s your daily budget going to be? Ie how much will you spend while traveling on food, lodging, transport, fun and miscellaneous? We decided on a 30 USD/day/pp daily allowance.
How much money do you have? Luckily that doesn’t take much figuring out, rather a glance at your bank account!
Do you plan on working while traveling? We decided that we weren’t going to work, at least not on this world tour. Who knows what will happen next time?
What sort of sacrifices will you be willing to make while traveling? Let’s be honest, if you are traveling on a tight budget, aiming to get the most out of your money, you can’t sign up for every zip line and adventure trek. You will need to prioritize. Part of the focus of our trip is rock climbing. It tends to work out well because as we have all the necessary gear and it doesn’t cost us anything, just transport to and from the rocks. We usually end up meeting locals, We ALWAYS end up in amazing, beautiful spots, off the beaten track, giving us memories and experiences that will stay with us forever. It gets us out and about, being active, engaged in our environment and away from souvenir shops. I wouldn’t recommend picking up rock climbing for those reasons alone, but think about things you like to do back home and see if you can’t do them while on the road. There are many free and/or low cost activities that are one of a kind.
How can you cut down on fixed costs like food and lodging? You gotta eat and sleep, no two ways about that. But there are ways to do it cheaper than you think. The longer you stay in one place, the cheaper it works out to be in the long run. A number of hostels will negotiate cheaper prices for longer term (1 week, 1 month+) stays. And finding a hostel that has a kitchen is key. Not only will cooking help the budget, everyone always gathers in the kitchen so it’s a great way to meet people (and try new food!) Even better than that, try couchsurfing. There are people all around the world who open up their home and offer a couch, floor spare or if you are lucky, a spare bed to travelers. Yes, it’s free, but that is not why you do it.
We are couchsurfing for myriad reasons; we meet locals..really interesting, amazing, fascinating locals who can tell you all the best things about their city/town/village/country. We get to use their kitchen to make yummy homemade, at times comfort, food. Since James can’t seem to cook for just 2, our dinners always include our host and many hours have passed with us all sitting around the table. It’s an easy way to say thanks for hosting us. You can watch local tv which, in other countries, is super interesting There is usually a hot shower involved. And for people who have been on the road for awhile, it’s nice to be in a home, even if it’s not yours.
I estimate that we have spent close to 100 nights couchsurfing, either with friends and family, or “official” couchsurfing hosts. At a guesstimate of $10USD/night for a hostel, that’s almost $1000 USD! Enough for another month of travel.
But do know that couchsurfing is about karma. People host because they have been hosted or plan on traveling and hope to get hosted in the future. James and I have a LOT of couchsurfing karma to repay which we look forward to doing one day.
This approach works to budget travel. It take some work, but it totally pays off. Almost 6 months on the road and we are averaging about $30/day/pp!(*) Granted some places were more expensive (Australia and NZ) but in Asia we can survive on less than that—and we aren’t couchsurfing. As I take a look at our budget spreadsheet a majority of our money (40%) goes to food costs. 25% has been spent on transport, both locally and on longer bus and train rides. Lodging is the next biggest expense at 12% of the budget (Just $577/pp so far!) with entertainment (museum entrance fees etc.) coming in a close 4th, accounting for 10% of the budget. The remaining amount of money has been spent on internet, gifts and “other” which usually means laundry and sending things back home.
Keeping tabs on our money situation as we travel in and out of countries constantly reminds me how lucky I am in so many ways. Saving for travel has always been a priority for both of us and we are blessed to be in a situation where we can check out the 4 corners of the Earth for such an extended period of time.
We buy experiences and there is no column for that in the spreadsheet.
(*) The budget doesn’t include 2 big ticket items: Our 4 day Inca Trek and a 2 day hike up Mt Chachani in Peru.



















