First of all, it’s great that you are thinking about long term travel, how exciting! If you are wanting to know how we prepared our budget for one year travelling abroad then read on.
Step One - Where to & For How Long?
Once you have made the decision to travel long term the next step would be to decide roughly how long you will be travelling for and think about where you are wanting to go. If planned itineraries aren't your thing and you want to go with the flow of your travels, then having a general idea is ok ie North Africa or the South Pacific. Deciding on your length of travel and destinations is important as it will help determine your budget. The best thing about travel is that in almost every continent there are amazing budget travel destinations that are cheap to travel. For example Eastern Europe, South America & South Asia are all budget friendly travel destinations.
Step Two - Research
You don’t have to be exact, but it’s always good to research the prices of your chosen destination before outlining your travel budget. Do some quick online research on things like accommodation, transport & food costs for the places you are visiting to help determine accurate costs. You can even use sites like booking.com, online bus booking platforms and sites like Zomato (they display menus & food prices) to help get the information you need.
Step 3 - Draft Your Travel Budget
Below we have outlined a good way to break down your travel budget. This list might also help remind you of some of the hidden costs of travel. Remember, your budget does not need to be exact….and hey, if plans change on the road, as they always do with long term travel, then that's fine. But at least you have covered your bases for basic travel costs and you won't be left with any financial surprises on the road. Or worse, can’t afford to do that epic skydive or double worse, have to cut your trip short.
Example budget for 90 day budget trip to Asia:
Visa & Permit Costs
Long Term Travel Savings Goal = $7950
These figures are just rough examples (please do your own research), but they do give you an idea of what a budget trip might costs. Now of course there are many ways you can travel for much cheaper, to find out how to travel like a budgeteer on next to nothing read our How to Travel Longer for Less blog.
If you want to learn ways to help you save for your long term travel then visit our How we saved $20k for one year of travel blog.
We are Reti & Bianca a couple of adventure seekers from Aotearoa New Zealand. Welcome to our travel stories hub, we are super happy you are here! We share our experiences and provide travel guides, tips and inspiration for anyone who wants to get intrepid!
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