There seem to be a bazillion nomad bloggers out there talking about how cheap it is to travel, but very few are open about their finances. We’ve gotten quite a few questions about how we can afford to travel full-time, so we’ve decided to open up the books and do a monthly post with the details of our budget. The hope is that these posts will help prepare others who are thinking about jumping into the nomad life, and help us re-assess our spending habits. Enjoy!
Our goal budget for this journey is $200 per week, putting us at $1,000 to spend for the month of January.
We did not live a life of the rich and famous, but we didn’t go without either. China is quite suitable for $800 per month for two people.
- Average Daily Food Cost: $10
- Includes three meals, one cup of coffee, and two cans of soda or beer.
- Average Daily Lodging: $12
- 1/3 of the month in a hostel dorm and 2/3 in a private room.
- Includes WiFi with VPN, English speaking front desk, and free water.
Money Spent: $1,534
Overall Net: – ($1,229)
Week One Net: -($507)
We had a difficult start to the month with a number of unexpected expenses, along with the travel expense to Guilin (which was planned as a temporary overage). It’s been much colder here than we anticipated, and therefore needed to purchase jackets. The AirBnB apartments I had picked out for our time in Guilin didn’t have heaters in them, so I ended up booking a slightly more expensive hotel for us to stay at. And Josh had some technical issues that required a purchase of Microsoft Office. We spent $507.
Due to Josh’s technical issues, we were unable to make any money to offset the expenditures. We made $0.
Week Two Net: -($123)
Week two was much more acceptable. The big purchase of the week was tickets to the Seven Star Park at $17 each. We spent $138.
Josh was very excited to have a desk to work at and immediately took on some jobs on UpWork. They each take a while to pay out, but he was able to get a quick article written for a client. We made $16.
Week Three Net: -($95)
Our major purchases for the week were a cruise to Yangshuo for $24, new hair clippers for Josh for $20, and birthday breakfast for me at Starbucks for $12. We ended the week spending a tiny bit over budget. We spent $209.
Josh really got into the swing of things this week, with plenty of time to write and only a couple of hours a day for UpWork. Those couple of hours earned him an article on CannaHealth and a job writing biology lesson plans for a charter school. We made $114.
Week Four Net: -($106)
We transitioned from Guilin to Yangshuo this week; normally that would mean the purchase of train tickets, but in this case we used the Li river cruise tour bus as our transportation. The food in Yangshuo is a little more expensive than Guilin, cutting into our meal budget a bit. Still, our only big purchase of the week was the advance payment of our private room for the next week at $99. We still wrapped up the week slightly over budget. We spent $256.
Josh edited a CV for a client and wrote another CannaHealth article, collecting us $145 for the week. The USD and CNY conversion dropped this week, which was a bit of a bummer. The earned $145 gives us ¥927 to spend in China, but last week, the same $145 would have given us ¥943. A ¥16 difference isn’t much, but amounts to a six pack of beer, 8 trips on the bus, or a large breakfast for two.
In some exciting news, I made $4.66 through my Amazon links! Thank you guys so much for using my link to buy your Amazon.com eGift Cards!! We made $149.
Week Five Net: -($321)
This was another good week. We watched our spending a little more closely and were able to spend more of our time hiking since the sun finally came out. Our big purchases of the week were train tickets to Chengdu at $125.
As it is the first month of the year, we also had a couple of subscriptions come due that we had forgotten about ($15 for New York Times and $95 for our Visa annual fee). We spent $341.
It was a slow week for work, pulling in only $20 on UpWork. We made $20.
This is our first month overseas, and overall I feel OK about it. We did not achieve our goal budget, nor were we able to offset it enough with our income. However, I think we learned a lot and are ready for the challenge that February brings!