Traveling the world is on the bucket list for many; however, this ambition is costly. There are various factors to consider such as accommodation, food, and transport, before jetting off and amidst the rising cost-of-living, purse strings are tightening ever more.
We have looked at a breakdown of the costs of travelling, explaining how exactly you can make the most out of your money when going abroad – whether it’s a small, mid-size or large budget.
Low Budget Options:
If you’re asking how much money you need to travel the world, there’s a good chance you want to know if it can be done on a low travel budget. The good news is that it absolutely can, although you must be mindful about how and where you spend.
How much money does it cost to go travelling for six months?
On the lowest end of the scale, you should be able to make £3,200 to £5,000 stretch over six months for a single person.
What can I expect my travel experience to look like?
On a smaller budget, your travelling options will be limited to affordable continents such as South America and Asia. Aside from the flight to get you to your first destination, you might opt to stick to buses and walking to get around. However, you’ll be able to afford the delicious and cheap local cuisine. In terms of accommodation, you could make it work by staying in the cheapest hostels and sticking to free (or incredibly affordable) activities.
Medium Budget Options
A mid-range budget gives you more freedom in terms of the places you can travel to and what you can do there. With a medium budget, you’re not just asking how much money you need to travel the world – you’re asking how much you need to travel comfortably and do everything you want to do.
How much money does it cost to go travelling for six months?
On a medium-sized budget, travellers can expect to spend around £6,000 to £10,000 to travel the world for half a year.
What can I expect my travel experience to look like?
You might be planning to travel across multiple continents and experience as much as possible. and nowhere is off limits, though it’s not like having a slightly bigger budget means you can do what you want. It’s still important to note that planning your budget is crucial.
You could potentially opt for budget accommodation and aim to take buses and trains to get around where possible, and even flights when it’s convenient. Saving on accommodation and travel means you can also use this money on other activities that you wouldn’t normally do, in order to make the most out of your holiday.
High Budget Options
If you’re lucky enough to have a big, or even unlimited, budget for your travels, you don’t have any restrictions on the places you can go or the experiences you can have.
How much money does it cost to go travelling for six months?
Travellers with a big budget could likely spend £10,000+ for half a year.
What can I expect my travel experience to look like?
With a big budget, you may decide to choose a hotel over a hostel – however, living in hostels can be a great way to meet new people.
A bigger budget means your transport options are unlimited – whether that’s flights, trains, or taxis. You can pack your months with activities without worrying about the cost, including taking tours of all the sights and doing a once-in-a-lifetime activity once or twice a week.
You can also make the most out of eating at upmarket restaurants, though it’s always worth checking out the local fare for a well-rounded cultural experience.
Information provided by HypeJar
