![]() ![]() Included are categories for the most typical traveling expenditures: Step 3 – Use a Budget Templateĭownload our Around the World Travel Budget template. Start compiling information for the traveling expenditure categories in Step 3. Use one, or if you want to be extra thorough, calculate the average of the results you obtain from both. Here are our two favorite online cost-of-living calculators. Cost-of-living analyses exist for pretty much every country in the world. Using cost-of-living calculators, tally up per day expenses based on your style of travel for each of the places on your master list. Keep the list handy - you’ll need it for Step 3. Step 1 – Create an ItineraryĬompile a master list of all the places you’re planning on visiting on your trip. You’ll see a reliable long-term trip budget for traveling expenses on the road materialize before your very eyes, one you can rely on for your entire round-the-world trip! Just be sure to create your travel budget before you buy your tickets – you may have to alter your itinerary to fit your budget–this is much easier than altering your budget to fit your itinerary. Use this 6-step method to determine how much money to take/save for your upcoming RTW trip. Just follow the steps below and you’ll have a solid financial plan to keep you from having to return early because you ran out of money. The best way to do this is to plan out an around the world trip budget that takes into account your expenses for your daily needs (food, drink, accommodation, transit) for each place you visit, to tally those numbers and get a target amount to save for. In order to keep your around the world trip running like a well-oiled machine, you’ll need to figure out how much money to stockpile before you take that first flight.
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