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How much money do I need to travel the world?

Terrance Lowe 0

Some people have a passion for traveling the world. They earn, save money for the end of the year so that they can travel and fulfill their desires of seeing the whole world. It is often asked by people how much it would cost them to travel the whole world. According to the general consensus of travelers, it has been concluded that for such trips a year on the road cost somewhere around $20,000 to $30,000. These figures are not to be considered as being 100% accurate as they would vary depending on the type of trip you want. We will now look at the factors that would affect the total cost of your trip around the world.

Which variables affect costs?

Which variables affect costs?

The basic factor that would affect the cost of your trip is which place you choose to go to. Developed countries are more expensive than undeveloped or developing ones. Europe, United States, Australia, and Japan cost way more than India, Southeast Asia, and Central America. Timing also influences the cost of your trip. This factor is referred to as seasonality. When the season is of tourism, the costs are higher than normal days. Doing activities like skydiving, going to theme parks, water parks, etc. every day or very often on your trip would also increase the costs as in most countries entertainment is quite expensive. One of the most expensive things on a trip is that of accommodation. The level of luxury you choose would increase the cost of the trip. Also, if you are traveling with family and children, you will need proper rooms with facilities. If going alone or with friends, you can even stay in motels or hostels. Lastly, the factor that matters is food. This factor can be adjusted accordingly as you can decide to eat luxury food once in a while and either cook yourself or eat street food daily.

What is included in the cost of around the world trip?

When we say that your trip around the world would cost $25,000 (for example), it would mean that this amount includes your plane tickets, accommodations, ground transportation, food and drinks, and activities. The total cost of your trip would depend on how much you allocate on each of these factors. You can either allocate the total you want to spend equally on each area, or you can see that in which sector you can compromise the most and cut down the costs in them, allowing you to spend more on the other important things.

It should be kept in mind that the longer the trip, the more would it reduce your costs. This is because more days would mean that you’re per day cost is cut down hence lowering the aggregate sum. Hence it is said that longer trips can actually be cheaper. To get a clearer idea of what the trip would cost you can also read blogs of travel bloggers as they can tell from their own experience what exactly does it cost to travel the world.