How I travelled on $42 a day | Saving to Travel
Careful planning allowed me to spend 12 months travelling on only AUD $42 per day.
Yeah right, you think?
Saving to Travel
Before I left for my trip I worked out how much money I had saved, to spend on my travels.
After considering the costs of my major expenses (flights, camper van, some accommodation, visa and insurances), it left me with $42 to spend as I please each day.
Of course, I had to keep track of my daily spending to make sure I wouldn’t overspend, otherwise, I would be cutting my trip short which was not an option.
So I wrote everything down I spent money on. Sometimes I spent more than my $42 and had to cut down over the next few days to stay on track with my budget.
Some countries in Asia, like Thailand and Indonesia, were easy to spend less than my daily budget, so I squirrelled money away for later. Countries like Australia, New Zealand or the US and Canada were much more expensive and it was a challenge.
When I arrived in Melbourne, my plan was always to find a job.
I found a job and saved the daily amount I had already allocated. I lived off my wages and even saved enough money to book a three-week tour in Alaska.
Before I left for my trip I put some money aside to live off once I got home, knowing it would take some time to find a job.
From my experience, you really need to think about what happens when you return home.
After an amazing year of travelling, I had to return to reality, which meant going home to Germany, finding a job and settling back in… Which all takes time and money!
These days it is common for young people to travel before they start studying or working and thinking of even having a family.
There is nothing wrong with this, I’ve done it too. If someone ever asks me if it was worth it I would say, yes! Visiting foreign countries and experiencing different cultures is one of the best ways to develop your own character.
I never missed out on anything during my travels, I was just cautious about how much I could in fact spend.
It was a change to write down everything I spent, but before long it was part of my day and never really took too long!
The trip is one of the greatest experiences in my life and having a budget and enough money made it even better.
Many people come back with a massive credit card debt or owe money to their parents. I really think to be aware of your spending and sticking to a budget helps you to be more relaxed about your finances. You can achieve so much and enjoy it.
Finance is fun…!
Wanna travel but suck at budgeting? Our Financial Coaches LOVE helping members with their goals and working out how to attach money to them. To chat travel and adventures with one of the WE team, book in a time for a Free Strategy Session.
Disclaimer: Information contained within this article is of a general nature. Do not be rely upon it when making financial decisions. Please consult a professional financial advisor or planner (like us!) before acting.