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how much money to travel the world for 1 year

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How much does it cost to travel the world for 12 months?

To travel the world for 12 months will cost you around 20.000 Euro. This includes all the travel spendings during the journey and all the pre-travel costs. The cost breakdown per country – pre-costs are here not included.

What is it like to travel around the world for 1 year?

So now let’s go to the point: our travel costs and secrets of 1 year traveling around the world. How we did, how much we have spent, best moments, curiosities and misadventures. Laughs, tears, fears, and achievements. A true roller coaster of emotions with breathtaking views from different corners of the world.

How many countries have you traveled in one year?

While a year is a very long time, it’s definitely not enough time to visit every country in the world. Rather, I visited 20 countries during my one year of travel. A world map depicting where I traveled. You can’t see it on here, but the tiny island of Bermuda is highlighted there in the middle of the Atlantic Ocean.

How to plan a trip around the world?

Eight Steps of Planning a Trip. Save for Travel Eliminate Debt. Build a Realistic Trip Budget. Plan Your Around the World Trip Itinerary. Pick the Right Travel Insurance. Pack for Long-Term World Travel. Work Remotely While You Travel. How to Stay Healthy on the Road.

Budget Tricks 101 for Travelling Around the World

There is just one phrase that defines all budget travel: go local. If you say this fast enough it kind of sounds like go loco which is a pretty accurate motto for the budget travel feels sometimes!

Putting a Hard Number on a Round the World Trip

Okay, so we’ve got some budget travel tricks and tips under our belt. Now we’ve got to try and put a number on this whole excursion. Oof, I can hear the dirtbags tuning out of the hard numbers. They just want to dumpster dive their way through Europe and then go chill in Nepal for a bit – and that’s ok!

Working and Volunteering Around the World

Maybe you’ve got $20 000 set aside for an EPIC RTW. You’re happy living the hostel life and splurging on the occasional SCUBA diving trip.

Travel Around the World Responsibly

If you spend any time in a tourist hotspot, you’ll take no convincing that some tourists are dickkkkkkkkkkks .

FAQs About How Much Does it Cost to Travel the World

I’ve got your burning questions about the cost of travel for one year answer RIGHT HERE!

Final Thoughts on How Much Does it Cost to Travel the World

So should you do it? Should you quit your job and travel the world for a year? Well I dunno, I’m not your life guru. ??

How much does it cost to travel the world for 1 year?

How much does it cost to travel the world for 1 year? Read this post to discover exactly what one year’s travel cost us. The total daily spend whilst on the road and all the extras that add up to a total year’s travel cost. Find out what a year’s travel could cost you and where the money goes.

Daily Spend

To see in other currencies visit xe.com Our workings through this post will be in Australian dollars as that is the currency we’ve been using mostly whilst on the road.

The end of year financial report is out

It is the one year anniversary of the beginning of our world travels since we left Australia. We have kept a meticulous account of our daily expenses and our overall costs since we hit the road.

So what kind of budget are you on?

We consider ourselves to be frugal travellers in so much as we are careful about what we spend in order to get the best value for money out of travel. That doesn’t mean we are total rock bottom travellers.

Where have you been in this travel year?

Here is a breakdown of where we’ve been over the year, how long we stayed there and what our average daily spend was in each place per person as an example of the cost of travel there. This is in $ Australian

What were the extra expenses then?

Well this was a mixed year of travel for us as far as expense is involved. Although we spent some time visiting family around the world, we also had to book 12 flights (one of which we didn’t even take but needed to purchase to get a Chinese visa!) which cost us $2,288 each in total.

Contact us

We hope this post How much does it cost to travel the world for 1 year? has been of some use to anybody who is planning a world trip and is wondering about the average cost of travel, including everyday travel expenses and all the extra hidden costs. We are happy to answer any questions anyone may have regarding the costs of world travel.

1 year traveling around the world – Love and Road in Figures

A world map, many dreams, and some money in the bank account. That’s how Love and Road started. To celebrate our first anniversary we gonna share with you our best and worst travel moments, and at the end of the post, you are going to find our travel bill.

How to travel around the world? Always searching for the cheapest and smartest way!

To cross all the 15 countries, we traveled by different methods. Our backpacking trip around the world can be split in:

Where to stay while traveling around the world? Our home far away from home!

We are big fans of comfy + clean + well located & cheap accommodation. Following these features we stayed in:

Long term travel X Shopping X Packing

The world is our address, but our house is tiny, tiny. Everything needs to fit in two 50L backpacks and two 5L small front bags. That’s it, nothing more!! Clothes, shoes, toiletries and electronic stuff. Talking about shoes, our friend Sarah put together great tips on how to choose the best travel shoes.

Long-term travel is made of people, not places!

This is definitely not a travel resource, it´s more our impression from the people we met. In 1 year of traveling around the world we made many friends, some just for a few days others for a lifetime. Each one has made a special contribution to our story, helped us to be better people, to travel wisely or blog with more professionalism.

The dark side of a nomad life

Some people think that being a full-time traveler is just fun, parties and beach time. Actually, our travel adventure goes much further than just joy and happiness. Doubts, fears, sadness, and homesickness are feelings that haunt us from time to time.

Worst Moment of Traveling

The worst moment in 1-year backpacking around the world was when we crossed the border from Thailand to Cambodia. It was our second trip to Cambodia and after 7 hours on the bus we refused to pay a bribe to the Cambodian Immigration Officer. We knew he was charging everybody more than the correct amount of money and we said “No”.

How to Much Will YOUR Dream Trip Cost?

Finding a way to travel the world is a mental obstacle as much as a financial one. Every situation is different, but I believe that if you truly prioritize travel, then it’s possible to plan and execute an around the world trip. The problem is, there’s crappy information out there about how to make it happen—just as many bloggers don’t really share straight costs to travel the world. Many bloggers have shared posts with a handful of tips about how much they saved for their dream trip, but they don’t break down how they arrived at that final figure. You may read this information and see my budget, but it leaves you wondering if your own world travels would cost the same.

How much did Jesse and Ally cost?

ALA readers Jesse and Ally sent me their couples budget for a trip that ended in late 2019—they came in at $38.2K for two people for 342 days traveling through everywhere from South America (Peru, Bolivia, Chile, Argentina) to Southeast, South Asia, and even Japan. They didn’t sacrifice on fun RTW trip activities: They hiked Machu Picchu, toured the desert in Morocco, did scuba diving here and there, and more.

What does "lodging" mean?

Lodging includes all accommodation; I couchsurfed in a few countries and stayed with friends a couple of times.

What is true wealth?

True wealth is having the freedom to do what you want with your life. Many travel dreamers get waylaid by the financial side of life. If you’re new to personal finance, or lost about how to start saving for a big goal, this book distills hard-learned information into easily actionable steps specifically targeted at giving travel dreamers tools to become financially literate. This book provides a thorough deep-dive into the principles of saving money, common obstacles, overcoming debt, and the tenets of strong personal finance. It offers a streamlined process to create substantial changes in your financial life. If money is your primary obstacle to leaving on a long-term trip, this guide breaks down exactly the shifts you can make to change your financial situation. Many travelers look at my adventures and experiences these past 12 years that I’ve traveled and they dream of also traveling through the cultures, stories, and conversations. This guide gives you the tools to move the needle from dreaming to doing. Available on Amazon Kindle or as a PDF bundle with the budget book.

How do I start a travel blog?

Working on the Road 1 How to Start a Travel Blog: Record the highs and lows of your once in a lifetime trip. This no-nonsense page details the process and won’t upsell you on any courses you likely don’t need. Just basic facts of how to start your first blog, and maybe even make some money along the way. 2 Finding Freelance Work for Digital Nomads . Since money is a huge factor for many travelers, this resource page thoroughly covers remote work—something I’ve been doing since 2005.

How much does it cost to travel around the world?

Generally, $20,000 is the baseline cost for a trip around the world for one person for one year. This estimation falls in line with popular recommendations that budget travelers can spend an average of $50 a day on the road, and allows additional budget for flights and vaccines. You’ll spend up to $30,000 for a budget trip …

How important is it to have a budget for a world tour?

Creating an accurate anticipated budget for your world tour is an important step—you certainly don’t want to plan for a year but run out of funds in month eight ! Each person has different goals, a unique trip itinerary, and differing travel styles. These factors can create significant differences in the total cost of a round the world trip.

How to keep spendings low?

Avoiding holidays, festivals, events and so on, will help you to keep your spendings low. This is a fact: travelling out of session is cheaper. You will find better and less expensive accommodation options, and besides that, you will not sit in overcrowded busses. Research the main events in the countries you want to visit, and avoid those times (except you want to visit the festivities itself!).

What does it mean to slow down and travel?

The slower you travel, the cheaper it will be. Slow travelling means avoiding planes, but instead taking a local bus. It means staying in places longer, paying long-term for accommodation, which is cheaper than paying per night. When you stay longer in one spot, you can find out where to buy inexpensive food, or maybe even you can support some local company in exchange for food or accommodation. When you have more time, you can wait for better deals for your activities. And so on…

Why do we travel?

Finally, this is why you travel: to see, to visit, to discover. So treat yourself from time to time! Nevertheless, I tell you something: I have never paid a full price for any tour or excursion – I always waited for a discount or used my bargain skills

What does it mean when you can’t afford travel insurance?

Travel insurance is a must-have. If you can’t afford it, it means you are not ready to travel yet, and you should better save some more money.

What are the extra costs of traveling around the world?

Keep in mind that there will always be some extra costs during your journey around the world: Visas, souvenirs, laundry, clothes, and so on.

When you get to a new country, always inform yourself asap (from a local person) about what?

When you get to a new country, always inform yourself asap (from a local person) about what is the typical price for a bus, for dinner, for a hotel, etc. It is because in many counties people will use the fact that you are a tourist and that you have no idea about the pricing. This happens especially at the airports when you just land and try to get a taxi or a bus to your first hotel. But this also happens in other locations across the world.

Do you have to pay for everything privately?

Unfortunately, you will have to pay for everything privately because your standard insurance doesn’t cover it. However, be smart and do not go to a first travel medicine centre but instead inform yourself about different options and pricing. I did my vaccinations in Vienna, in a government-owned vaccination centre, and their prices were about 30 per cent cheaper than at a private medical centre (however, the service and the waiting time was not the best).

Why did we stay in cheaper accommodations?

One of the main reasons we stayed in cheaper accommodations and took more buses is so that we had the money to spend on activities. We wanted to experience as much as possible. That meant if some amazing opportunity presented itself, we took it.

How to get daily expenses for each country?

A budgeting resource we used is budgetyourtrip.com. This is a good resource if you want to get basic daily expenses for each country. Simply type in the name of the country and you will get an estimate of the average daily cost to visit that country. This is just an estimate, but it gives you a starting point of how much you can expect to spend in each country.

What factors influence how much you spend on a trip?

There are a lot of factors that influence how much you will spend…which countries you visit, the types of accommodations you stay in, how often you move between cities, your mode of transportation, and how many tours and activities you do. In this post, we will shed some light on the costs associated with around the world travel, and give you a ballpark estimate on what to expect if you have plans for a trip like this.

What are the expenses to consider before a trip?

These costs include plane flights, vaccinations, visas needed in advance, travel gear, travel insurance, health insurance, homeschooling materials, etc.

Why put money aside for a trip?

If you plan to do a big ticket activity, such as going on safari in Africa, trekking in Nepal, or taking an expensive, multi-day excursion, put this money aside so it will be easier to manage your normal daily expenses . Most likely, these are activities that you are budgeting for during the planning phase anyway.

Why is budgeting so difficult?

Budgeting for activities can be very difficult because in most circumstances, you are not going to know what you want to do until you get there. And you do not want to fall into the trap of not doing anything because it will cost you money. Just remember why you are traveling in the first place.

What is a homestay?

Primarily, we stayed in 2 to 3 star bed and breakfasts and homestays. A homestay is basically a room in someone’s house that is set up similar to a hotel room. These were great because we got more personal attention, they were flexible with keeping all four of us together in the same room, and sometimes they would cook us dinner (for an extra fee). And it was an opportunity to immerse ourselves in the local community and gain a better appreciation of how the locals lived.

Where Did I Travel?

While a year is a very long time, it’s definitely not enough time to visit every country in the world. Rather, I visited 20 countries during my one year of travel.

How many days away from home can you travel in a year?

One year of world travel… 365 days away from home. That must cost a fortune… something only the rich can afford, right?

How long did Australia stay in New Zealand?

Australia and New Zealand for 2.5 months

Is it cheaper to travel long term?

In fact, I’d go so far to say as long term world travel can be significantly cheaper than living domestically.

Do you pay double or triple for a hotel room?

In any case, most people pay double or even triple this on a hotel room alone when they travel.