About to begin a new year of travelling adventures and places that we have highlighted in red for the new year Who knows if it will be the year of putting our money where our mouth is and leave everything behind to embark on that trip with which you have been dreaming for so long. No ticket or return date. If you are among the lucky ones who will take that important step this year, this article interests you especially, since we are going to tell you the fundamental aspects to budget a long trip. All this, however, are also applicable to shorter trips, so nobody is excluded. So grab paper and pen and write down how to do it. Your pocket will thank you!
Long trips – more than two months could be considered — are not usually subject to the pressure of the calendar. Therefore, we can analyze the price of one-way tickets and adapt our calendar and budget to the cheapest or to the one that best fits our needs. There are, for instance, those who prefer to pay a little more and reduce the time between flights.
Domestic flights or between different countries, buses, trains, ferries … there are many small legs that make part of any trip, especially long-term ones. It is not about to have all your transport secured and paid for before embarking on our adventure, but rather to find and get an idea of the average price of each of the possible movements to be made to calculate more or less how much we are going to spend on transportation. A great resource is the Web site Rome2Rio.
The same happens with accommodation. It is almost impossible, and very unwise, to plan excessively where we will be sleeping every night during our trip, since travelling without haste allows us to improvise and change our mind as we please. But it is advisable to establish the type of accommodation that will prevail in our trip — hotel, hostel, room rental platforms or houses… — to calculate an average price per day.
Cooking yourself if you have a place to do so is usually the most economical, but we know from experience that it is impossible to do it always due to schedules and the desire to try the local delicacies at destination. In places like Asia it is quite economical to combine food in street stalls with other types of places and even cooking yourself. In Australia, for example, a good idea is to make yourself breakfast or dinner. In any case, it is always necessary to establish or calculate how much money per day we can spend on food, considering at least, three important intakes and an additional fourth one.
Tickets and excursions
It is worthwhile to track options and prices for excursions or museum tickets, for example, that we have in mind during our trip. As in the case of transport and accommodation, it is not necessary to book everything in advance, but rather to have an idea of their cost. For example, what is the cost of three days of excursion to Uluru in Australia or the ascension to Bromo in Indonesia. It is in this section that the travel budgets are triggered, so carrying out an approximate planning can help us make decisions that keep our budget in good health and continue travelling.
Leisure and extras
Here leisure or extras are understood as all that is the fruit of every day in each destination. From deciding to go out for a drink with those new travel friends you have made, to acquire a craft that you have fallen in love with, to buying a new travel notebook… It is impossible to calculate how much this entry will go up to exactly, but it should always be taken into account and provide a maximum allowance for any extra or whim. Such as a good massage.
It is essential to purchase travel insurance for any type of trip, but especially for trips of a certain duration. Since this is something that needs to be acquired before starting our trip, this is a part of the budget we can have a closed price. Here we should also include the cost of the vaccines we need to travel safely. In our blog we already spoke about the need to both getting a travel insurance and getting vaccinated before starting any adventure.
Trips are unpredictable. There are always unexpected things happening and it is advisable to have a part of the budget assigned for emergencies, even medical ones, despite having insurance. Sometimes, it will be necessary to advance the payment of the doctor’s visit or to buy medicines. Emergencies can also be the loss of something important or necessary for the trip and even your credit card not working and require a money order from another account. You name it.
Obvious, but sometimes forgotten. If you travel without a return ticket you should always calculate how much it costs approximately a ticket home, purchased with relatively little time in advance, so we can reserve part of our budget to that expense.
Undoubtedly, this last aspect will be the one that more effort cost when budgeting. We are sure that you will not want to go back and buying it will be a difficult decision to make while travelling.
Any other unseen cost that think we should include in the list? We are all ears.