The budget for planning a world trip is one of the most crucial cornerstones, determining factors such as length, travel destination, accommodation, mode of transportation, and, in general, the lifestyle that one would like to afford while on the road.
There are essentially two approaches: either the countries are already decided and you want to know how much money you require for it, or you have a budget of X amount and would decide what your path will look like and how you will get the most out of my journey.
How long can you spend traveling the world?
A trip around the world typically lasts several months or even years and takes place on several continents in various countries. So, if you “just” want to travel for a few months, it’s not a world trip, but the planning is also important.
A year would be sufficient for a trip around the world, but this is a highly individual and personal choice. Everyone has distinct basic requirements, desires, experiences, beliefs, concerns, and ties to home, which is why you should trust your instincts about what feels good and right.
- 3-6 months: Ideal for beginners, single passengers, or those who simply need a break to generate new thoughts and/or achieve distance.
- 6-12 months: Depending on your personal travel speed, many continents can be connected. There are no restrictions , so it depends on the budget.
- 1 year and up: you will not be able to visit all nations in a year, so you will be able to gain a thorough understanding of various cultures and continents. Maybe you just stay in a place you like for a few months. You should, incidentally, return home for a few weeks during this long trip and then continue when you’re ready.
Of course, the decision is also heavily influenced by the available budget and the extent to which the employer or general professional situation allows for this break.
What expenses would you have to incur prior to your trip?
In addition to the classic travel expenses on the go, there are various other things that have to be included in the calculation because they arise before departure. This includes, for example:
- Travel equipment
- Travel guide
- Visa, passport
- Vaccinations, medication
Even with advance planning and buying, several hundreds of euros can be incurred, which are difficult to predict due to individuality. As a result, early planning makes sense in order to invest in the required accessories and valuable items over a longer period of time. Because of the longer time frame, this enhances expectations and makes funding simpler.
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How much money do you need on the go?
There are no hard and fast rules because it all depends on how you travel, where you are, and whether you are traveling alone or in pairs. Many expenses, such as lodging, transportation, and so on, can be shared in the latter case; it is typically more costly on its own. Furthermore, the quicker and more often you travel from one location to another, the higher the costs.
- Super low budget: Free overnight stays with private individuals.
- Low budget: Overnight stays in private accommodation.
- Flashpacker: private accommodation.
- Luxury: Comfortable private accommodation .
Depending on your lifestyle, you could spend between € 10 and € 100 or more during the day. Of course, you would also factor in the outbound and return flights, as well as the costs incurred in advance. As a result, the following tends to apply: the shorter your total travel time, the greater your total traveling expenses.