How To Budget For Long-term Travel

How To Budget For Long-term Travel

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Vacations With Payment Installments

Whether you’re on a working holiday, a sabbatical, a gap year, or even an exchange program, there are many reasons people opt for long-term travel every year. It gives them a chance to learn more about the world we live in and become fully immersed in a wide variety of different cultures.

Unfortunately, many people don’t realize that long trips are more accessible than you think. And while there’s nothing wrong with bursts of short vacations once or twice a year, taking long trips opens your eyes to things you may have missed if you didn’t have as much time. This budget guide will help you understand how you can make long-term travel possible.

Creating An Expense Sheet

Creating a budget for any trip can be daunting, especially when you’ll be gone for a while. But with the right planning, it doesn’t have to be complicated. No one enjoys penny-pinching, but the more you’re able to save, the better off you’ll be for long-term travel. Your budget should factor in some wiggle room for unforeseen expenses, or even a little splurging.

The goal is to enjoy your trip — not micromanage it.

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One of the best ways to begin your budget is by calculating expenses, the cost of your trip, and how much you need to save on a weekly or monthly basis until your trip date. Check out guidebooks and blogs for activity ideas and rough estimation of what you can expect to spend on your visit to certain countries. Keep in mind that this is a rough guide, and not final numbers, as final numbers can fluctuate greatly depending on the season and other variables. Factor in the cost of visas, travel insurance, flight prices, and any immunizations you might need. Here’s a great printable travel budgeting guide to help you get started.

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You should also consider layaway vacation packages. For example, her

e at Superior Cruise & Travel, we offer vacations with payment installments to help out customers better manage travel expenses and comfortably go on the trip of their dreams. Travel layaway packages make it easier for travel enthusiasts to set aside the money they need without feeling overwhelmed by dropping a large lump sum at once. Some people would rather save for a trip using a travel payment plan than save up using their own account, because it can be tempting to dip into savings — especially once you’ve accrued a decent amount of money.

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Choosing Your Countries

Your budget will largely be determined by the places you’d like to go. For example, a backpacking trip through Southeast Asia is significantly cheaper than traversing through Europe. But this doesn’t mean you should write off certain countries because they’re a little more expensive. List a few places you have your hear most set on, and work out the budget and other details from there.

After you’ve listed out the countries that you’re most interested in visiting, begin to write down their currencies and exchange rate. This will give you an idea of how much you need to save. Then look into average accommodation prices for each location. Most guide books break down budget travel types into three categories: backpack/low budget, midrange, and high-end. Depending on the country, some high-end options will be very affordable.

You’ll also want to look into the cost of transportation and food. Set a daily budget for your trip and create an outline of expenses within the day. As previously mentioned, add a cushion of money for recreational and unforeseen expenses.

You can look online to find plenty of free budget guides from bloggers and other publishers. For example, here’s a Thailand budget travel guide from travel blogger Nomadic Matt. A travel agent will also be able to help you break down the cost of going to different countries.

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