Around The World Travel Budget
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 around the world travel 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 this Thailand travel budget!
In our preparations for this ’round the world (RTW) trip, we assumed that we would not actually make much money for at least a full year. So, the plan for this first year was to evenly spread out our savings. This left us with $200 USD per week on one year of RTW adventure for two.
April 2018 Travel Budget
For the most part, this has been a very suitable around the world travel budget. As our travel “careers” develop, we hope to keep the budget as is until we are able to break even in terms of money spent versus money made. So far, we are 10% of the way to our income goal, bringing in a little over $20 per week with our new careers.
We spent the majority of April in Hua Hin, Thailand for our house sit. The rest of the month was spent between Penang, Bangkok, and Kuala Lumpur for our travel days. It was difficult to get a direct flight into Hua Hin, so we had to travel through Bangkok to get there. In addition, flights to and from Kuala Lumpur were cheaper from everywhere else in the area, so KL worked as our travel hub for this portion of our RTW journey.
Cost of Living for Two
- Average Daily Food Cost = 55 MYR = $14 USD
- Breakfast – usually supplied by hotel for free
- Snack – two ice cream cones
- Dinner – two entrees and two sodas
- Average Daily Accommodation Cost = 80 MYR = $20 USD
- Either hostel or basic hotel outside of city-center
- Included: wifi, breakfast, and air conditioning
- Average Daily Food Cost = 300 THB = $9 USD
- Breakfast – cereal, milk, and coffee from the grocery store
- Lunch – peanut butter and jelly sandwich from the grocery store
- Dinner – two entrees and two beers
- Snack – two ice cream cones
- Average Daily Accommodation Cost = 230 THB = $7 USD
- House Sit – free
- Hostels in Bangkok = 700 THB per night = $22 USD per night
As we wrap up our fourth month of our RTW travel, we have pulled $3,614 from our savings account. This puts us $214 over budget for the year so far. Not too bad really, but we hope to knock that down by the end of June (we expect May to be an expensive month).
Weekly Break Down
Our average withdraw is $212 per week, which is $12 over our goal around the world travel budget. We hope to reduce this by continuing to focus on house sitting (a huge money saver) and building better routines around transition days (consistently our most expensive days).
Obviously, Week One was a challenging one for us. We went over our $28 per day, around the world, travel budget nearly every day. This was due to some travel issues Sunday through Tuesday, then a “first day” grocery store trip on Sunday. We made $24 and spent $326, putting us at – $302 for Week One.
Week two was an excellent week for our around the world budget. We had our lovely home (for free), we had a date night on Monday complete with dessert and cocktails, and a one hour Thai massage for me on Wednesday. The only day we went over budget was on Saturday for another grocery store trip. We made $12 and spent $110, putting us well under budget at – $98 for Week Two.
Week three was another great week and would have been even better than Week Two had it not been for some unforeseen expenses. On Thursday, we received a 500 baht ticket for driving without a license and on Saturday we unexpectedly had to pay dues for the Hash Run. Otherwise, we felt like we had balanced Week Two’s grocery run to fulfill both week’s food needs, so our costs were quite low. We made $26 and spent $132, putting us under budget at – $106 for Week Three.
Week Four killed our month. We moved out of our house sit on Sunday and moved up to Bangkok. We got two bunks in a hostel in Bangkok for 700 baht ($22) per night. On Wednesday, we got a flight for $70 each to Kuala Lumpur. There, we got a hotel within ten minutes of the airport. Since the hotel wasn’t in KL proper, it was significantly cheaper at 47 MYR ($12) per night. We made $36 and spent $410, putting us over budget at – $374 for Week Four.
Each month seems to get a little easier and we get closer and closer to achieving our spending and earning goals. April ended up being our second most expensive month, which was a little disappointing, but we know exactly where we went wrong and have ideas on how to avoid the same issues in the future.
We are expecting May to be another difficult month… we’re going to Australia!!! I got a great price on the tickets but, obviously, a plane ticket isn’t going to come anywhere near our daily goal of $28. We’re hoping that some of the preparations we have made in developing our careers and building good routines will keep us from losing all of our money, but I guess that is part of the adventure isn’t it?
See you all next month. Wish us luck!