Hostel or hotel? Street food or Michelin starred restaurant? Bus or taxi? How much a world trip costs depends on how long, where and, above all, how you travel.
Who wants to fulfil one’s dream of a world trip has to: save. The adventure can only start when there’s enough money on the bank account. But what does a world trip cost? It is clear that there is a huge difference in price between a traveler staying in a ten-bed hostel room and eating cheap street food only and a traveler who moves from hotel to hotel and who selects the best restaurant in the city every day.
For my planning I have – again – researched for days. First, I took a look at my planned itinerary and thought about how long I would stay in which country. For the calculation at least an approximate planning was necessary. I have researched the following costs:
- Average accommodation costs per country
I went from a single or double hostel room to know an average price. At best, I get on the way cheaper, z. B. via Couchsurfing, then I can treat myself on other days sometimes a nice hotel room.
- Cost of food/restaurants
- Visa fees
- Cost of transport and flights
- Cost of special excursions or activities
E.g. a language course somewhere on the way, a tour to the Niagara Falls or Machu Picchu and a buffer for admission fees and other optional tours.
- A small budget for souvenirs and gifts (very small, because the space in the backpack is limited …)
- international health insurance
- Prices of equipment still on the shopping list
- Running costs
- Insurance, costs for music or language apps
- A buffer for emergencies
The rest is mathematics. If the “running costs” are clear, you can easily calculate a daily budget for food and accommodation per country – at least in theory. Whether the calculated costs are also practicable, I know in about a year – or earlier, if I run out of budget prior to what I expected. 😉