The Ultimate Guide: How Much to Budget for 6 Months Travelling
Are you planning on taking a break from the daily grind and setting off on a six-month adventure around the world? Travelling for six months can be an incredible experience, but it requires careful planning, especially when it comes to budgeting. In this ultimate guide, we’ll take a closer look at how much you should budget for six months of travel.
Understanding Your Travel Style
The first step in determining your travel budget is understanding your travel style. Are you a backpacker or a luxury traveller? Will you be staying in hostels or five-star hotels? Your travel style plays a significant role in determining how much you’ll spend on your trip.
If you’re a budget backpacker, you can expect to spend around $30-50 USD per day, while a luxury traveller can expect to spend over $100 USD per day. However, keep in mind that the cost of living varies widely from country to country, and a budget of $50 USD per day may be reasonable in Southeast Asia, but it won’t go as far in Europe.
Transportation
Transportation is one of the most significant expenses when it comes to travel. How you get around depends on where you’re going and your travel style. If you plan on backpacking, buses, and trains are the most affordable options. If you want to travel in style, you can opt for private transportation or flights.
If you plan on travelling extensively, a six-month multi-country rail pass or a flight itinerary with several stops will save you a lot of money. Also, consider purchasing local public transportation passes in cities you’ll spend considerable time to save money on daily transportation.
Accommodation
Accommodations are typically your second most significant expense after transportation. If you’re a budget traveller, hostels, and homestays are the cheapest options. If you’re a luxury traveller, you’ll be staying at high-end hotels, resorts, and villas.
However, you don’t have to compromise on comfort in hostels. You can opt for private rooms, which provide privacy and comfort while still being cheaper than a hotel. Also, it’s cheaper to stay in less popular places, book during off-peak seasons, and stay for more days in single accommodations.
Foods and Drinks
Food and drinks can also be a significant expense when travelling. The food cost varies widely from country to country. Street foods are more affordable than restaurants and cafes in most countries. You can also search for the best value food options while travelling.After all, drinking and dining with new friends you meet on the road, are an unforgettable part of the travel experience.
When planning your budget, factor in a reasonable amount per day for food and drinks. Also, stick to locally brewed beers, which is a cheaper option than imported ones.
Activities and Tours
Activities and tours are not a must-have on your travel to-do list, and you can choose if you want to include them in your travel itinerary. Activities and travel tours are a great way to add spice to your travel and discover unique experiences in the places you visit.
When budgeting for activities and tours, research beforehand to get to know the activities available in your travel destinations. Also, check for package deals and discounts from travel agencies, hotels or resorts.
Emergency Money
No one hopes for the worst when travelling. However, it’s essential to set aside some emergency money for unexpected situations, like medical emergencies, unplanned flights home or unexpected expensive purchases. The rule of thumb is to set aside at least 10% of your overall travel budget for emergencies.
Conclusion
Travelling can be an exciting experience, and proper budgeting can enhance your travel experience and reduce the risk of financial difficulties. The cost of travel may seem overwhelming at first, but with careful planning, you can budget your expenses and enjoy a stress-free trip. Remember to consider your travel style, transportation, accommodation, food, activities and tours, and emergency money when planning your travel budget. Happy travels!
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