There seem to be a bazillion travel 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 $800 to spend for the month of February.
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: $11
- Average Daily Lodging: $7.50
Money Spent: $1,128
Monthly Net: -($741)
Two Month Total:
$692 (Income) – $2,662 (Spent) = -($1,970)
Week One Net: -($178)
Despite some big nights out, we still came very close to sticking to our $200 budget. We rented a scooter for a day, ate a big meal of beer fish, and had a date night with a fancy Indian dinner and two import beers. We spent $202.
We reached our goal of 2,000 views on the blog for the month of January. I’m still not famous, but I feel pretty awesome!! I even made a little bit of money from AdWords (the annoying advertisements on the bottom of the page) of $0.46! May not be much, but that is enough for a small breakfast here.
Josh had a couple of long-term jobs on UpWork, so he was only able to close one contract for the week. We made $24.
Week Two Net: – ($149)
Week two was a travel week. We caught a taxi to the bus station in Yangshuo, a bus from there to the train station in Guilin, a train from Guilin to Chengdu, then a subway to our hostel in Chengdu. That adventure set us back ¥100/$16. We stayed at The Mix Hostel in a dorm room for a couple of days. The price was decent, but we lacked for comfort.
But the exciting news of the week was our house sitting job!!! We moved out of the hostel and moved into our house sit in Southern Chengdu where we watched a dog in exchange for a free place to stay. So, we went rent free for the next 12 days!! Whoop! In addition to our free accommodations, we had a great kitchen that allowed us to buy groceries which also saved us a ton of money. We spent $171.
It was another slow work week. We made $22.
Week Three Net: -($493)
In general, we did pretty awesome this week. We had one day where we spent nothing and three other days that were under $14. We really got into the swing of things eating more at home and only purchasing what we needed, when we needed it. However, as you can see from the sub heading, we still had a couple of really big purchases. First was a new charger for Josh’s computer. We tried to put it off for as long as we could, but both realized that we were selling ourselves short by sharing a computer. So, we bit the bullet and purchased a new charger at the Apple Store for $99. We also purchased our plane tickets to Kuala Lumpur for $313 (two direct flights). The ticket prices are amazing, but really cut into the budget. We spent $525.
Josh wrapped up one project for $23 and I made $10 on my Amazon.com eGift Cards link!! We made $33.
Week Four Net: +$78
This was our hardest week due to the move out of our house sit, into a hostel, then into the more expensive city of Kuala Lumpur. Even with a $50 gift card applied, we are still paying 58RM/$15 per day for the 14 nights we booked at our KL hotel. That only leaves us with 43RM/$11 left to spend on other expenses per day. Thankfully, food and transportation are fairly cheap, but still not enough to keep us under budget. We have gone over our 101RM budget every day since we have arrived in KL. We spent $230.
Fortunately, all of those big projects Josh has been working on are finally getting wrapped up. He edited a woman’s non-fiction novel, wrote an essay about intermittent fasting, researched and wrote an article about drug testing, and summarized another research paper for CannaHealth. We made $387.
For our second month overseas, we still have not met our budget goals, but we did get much closer AND came in under $800 for the month’s total net. Overall, we feel pretty good about it. Some learnings this month were:
- House sitting is key
- Even cheap travel expenses are still expensive, so start saving early
I have 50% of the rest of our journey booked with house sits. My goal is to bump that up to 75% by the end of next month. That should save us quite a bit of money on food and lodging, but will add to the travel costs (although that was going to be an expense regardless).
Josh and I also had a long talk about his UpWork “career” and have decided to pull back a little bit. He is going to continue to write for CannaHealth, but will otherwise focus more on his short stories. We put together a plan for the month that would have him doing brand building and creative writing for at least five hours per day. I think he will enjoy this much more and, if we start now, will hopefully start making some money at it within the next few months. It’s a risk, but one we are willing to take. I’ll update you on his work in a couple weeks.
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