During our round the world trip we kept a record of all our spending and I have outlined it in this blog to help other travellers estimate the costs of their upcoming trips.
To help you understand our style of travel you need to get to know us a little more. Rich and I travel as a couple and so frequently share the costs of transport or accommodation, something a single traveller might not benefit from. We are also budget travellers; often staying in dorms rather than private rooms, we eat very cheaply cooking in hostels when we can or eating local street food and we travel on longer cheaper local forms of transport rather than flying or taking a private car. We do, of course, also splurge on some ‘once in a lifetime’ experiences.
Keeping a thorough record of all of your spending might seem like a lot of work but we found the app MoneyLover made it a lot easier. This app has lots of great features; you can add an expense in a foreign currency and it will convert it to your home currency, you can choose your own categories making it personal to your trip and it will give you a clear monthly overview showing where your money is going. We then used Google Sheets to collate all this information and to keep track of our overall spending. A useful tip is to spend a bit of time setting this up before you leave on a computer as it can save a lot of time when you are away, especially if you are only planning to take a phone and not a laptop.
Please let us know if you have any questions about the costs outlined above. Our total spending for the whole year was £13,960 per person which is an average of £38.25 per day. This includes everything from insurance to international flights to daily spending on food, drinks and accommodation.
Some people think travelling the world is expensive and an impossible goal to achieve. I hope this blog helps everyone understand that its very affordable and inspires more people to travel the world.