It’s a popular dream – quitting your day job to go travel the world. No responsibilities, no schedules.
But, of course, nothing in life is free. How much exactly would it cost to travel the world?
Many factors affect the answer to this: how long you want to stay abroad; what countries you want to see; what types of accommodations you’re willing to stay in.
Perhaps the easiest way to figure out your budget is to work backward and figure out how much will it cost per day.
Several popular travel blogs, such as A Little Adrift, Never Ending Footsteps, and cost-to-travel-around-the-world/” data-ylk=”slk:Earth Trekkers” class=”link “Earth Trekkers, all agree that a baseline of $20,000 per person for one year is doable. This averages out to just over $50 per day.
Here’s how you can figure out your magic number.
If you’ve ever been on a vacation before, the idea of spending only $50 per day probably seems completely unattainable. Especially because that includes lodging.
But traveling for a year doesn’t mean every day will be spent in luxury; you won’t be eating every meal out at restaurants, going on excursion after excursion. Sure, there’s room in the budget for those treats every so often — just like when you’re living at home.
Traveling the world gives you time to slow down and immerse yourself in the local life.