Funding a RTW trip
Replies: 24 - Last Post: Aug 24, 2012 1:31 AM Last Post By: Andy87
Aug 10, 2012 4:34 AM
Aug 10, 2012 6:37 AM
16if you are spending =$150AUD per month to socialise
then would be very surprised if $1000 per month would be enough
that is $30 per day in Australia to eat sleep travel and activities and party with friend
budget for $1000/week that would be closer
Aug 10, 2012 6:48 AM
17Hi cowantimmy. Sorry, seems I have misled you there. I currently spend £100 or so per month socialising in the UK - I wouldn't be looking to spend too much on the pop whilst actually in Australia.
Also, I meant that I was told $1000 per week, not per month. Excuse my stupidity! Without spending too much on drinking/partying could I get away with budgeting slightly less, do you think?
Aug 10, 2012 7:16 AM
pleased you are being sensible again
possibly less if not drinking/partying
also where does friend live are you staying with him
travelling together for holiday
all east coast will be pricey
reef trip or scuba diving add costs
what sort of transport
skydiving is fun but costs
National Parks would be cheaper if you like that
beach towns but not the most fashionable to save money
by the time you get there your mate should have it all worked out
Aug 11, 2012 10:27 AM
I don't know if it's the same in the UK, but in the US you can get credit cards that are interest free for six months or a year if you have good credit.
A few things you can cut out to save:
Lower phone plan (use Google to make free calls)
Lower text plan
Less eating out and/or drinking out
Get rid of your car and take public transit
Other ways to pad your budget
Selling things at yard sales and/or consignment shops and/or online
Taking on freelance work on the side before leaving (obviously this depends on the kind of work you do)
Selling a car
Renting your place while you're gone
Dog sitting, baby sitting, housesitting, home repairs, or doing other miscellaneous odd jobs on the weekends
Get a cheaper place (or stay with family or friends for a while)
Aug 12, 2012 3:06 AM
20I agree that saving before you go is the way to go as most jobs you pick up along the way wouldn't allow you to save enough to continue your travels (they might only cover your expenses while working which is OK if you want to experience living in another country but not if you want to travel around a lot). I am really jealous of the people that manage to fund their travels through blogging but I don't think this is easy as there are so many blogs around.
You might be surprised how much small savings add up - eg consider that each drink you buy in the UK might pay for a nights accommodation on your trip or each expensive coffee you avoid could pay for a complete meal while travelling. Walking instead of taking the bus at home could pay for a 200km bus trip while travelling. We saved most of the funds for our RTW trip this way - just by cutting back on expenses and also had a clean out and sold a few things on Ebay. We took 2 years to save for a 15 month trip and a further 6 months when we got home to pay off the debts.
The cost of living in New Zealand and Australia is similar to the UK or more expensive as their $ are strong at the moment so budget what you might if you were travelling in the UK. Also depends how you will spend your money as some things might be cheaper in NZ or Aus but others more expensive than the UK.
We also choose to travel longer in cheaper countries to make our money go futher - luckily those were also the countries we wanted to travel in. Travelling slower also costs less per day and allows you to get a better feel for a place.
Also look for the best interest savings accounts to store you money in until you depart and while travelling (if you can then transfer it to another account when needed) and the lowest cost cards for withdrawing your money while travelling - sites like moneysavingexpert are a good place to start. Using a credit card to fund part of your travels is an option but best if you know you have a way to pay it back quickly once you return otherwise you might find the debts building up.
There are also a lot of ways to save money while travelling to make your budget last longer without compromising on your overall experience;
-Cheap street food can be a amazing in some countries and better than a more expensive meal in a tourist oriented restaurant.
-Travelling on the cheaper classes of train is still comfortable enough in most countries.
-Using your bargaining skills where appropriate and being aware of when you are being ripped off. Educating yourself about scams so you don't fall for them and waste your money.
-Travelling independently over organised trips where public transport exists.
-Shopping for day to day items where the locals shop.
Aug 13, 2012 1:28 AM
Sorry for the delayed response.
Cowantimmy - My friend lives in Perth, however I am only staying there for approximately three nights, before we head up to Darwin together to visit Kakadu National Park and after a few days there will head on round toward Cairns - this will include a reef trip. We would be flying between Perth/Darwin and Darwin/Cairns, and hiring a car once in Cairns to explore the Port Douglas/Cape Trib area and ultimately drive down to the Whitsundays and Hervey Bay for Fraser Island.
Gigi/TRRK - great tips, thanks.
Aug 16, 2012 8:14 AM
22Be aware that Russia is not a budget destination. Most people figure that it costs about 75 USD per day. Mongolia is also expensive if you leave the capitol city as there is limited infrastructure so most people end up on tours which cost 45-75 USD per day.
Also don't forget to factor in the cost of visas. The Russian visa is expensive, so is the Mongolian visa and the Chinese visa.
Aug 23, 2012 9:19 AM
I've just written a post on our blog about our experiences saving money for our trip together with a few links to other people's blog posts so I thought you mind find it useful? You can check out the post here...
Be careful with credit cards, on the surface they may seem like a 'great 0% deal' but you'll usually find this is only for balance transfers. You should check the rates for cash withdrawals as these are usually much higher and then check the fees for overseas withdrawals as this will be extra on top... When you add it all up it can become a very expensive way of getting cash and the debts can soon build up!!
Good luck with the saving & if there's anything we can help with just shout!
All the best,
Aug 24, 2012 1:31 AM
Reserva Provincial Esteros del IberáBook now
(4 star Hotel)
From US$240.00 per night
(1 star Hotel)
From US$8.67 per night
Puerto MadrynBook now
(0 star Hotel)
From US$14.85 per night