Traveling the world is a dream of a lot of people. However, not most of them get the chance to make their dreams possible. Usually, this is true because of the cost involved in travelling around the world. But for some, the money they spend is all worth it especially that it is in exchange for a great dream coming true. Find out how much it costs to travel the world today.
Typical Cost Of Travelling The World
The general price range of travelling around the world is $10 to $50 per day.
This price includes food, accommodation, transportation, entertainment, and some miscellaneous expenses like phone, Internet, guidebooks, souvenirs, clothes, and the like.
Factors That Affect The Price Of Travelling The World
Length of the trip. The number of days you want to spend travelling the world can greatly affect the overall cost of the trip. Shorter travel days will mean less expenses most of the time.
Destinations. Your chosen destinations can also affect the cost of a round-the-world travel. Take note that the cost of living varies from one country to another. If you pick European countries, you’ll likely spend $40 to $50 per day or even more. On the other hand, Asian countries can make the cost of the travel around $10 to $30 per day. In fact, in India, one can live a day there for around $8 only.
Your travel choices. How do you want your travel experience to be? Are you a simple backpacker who can stay in cheap hostels and eat local street foods or are you someone who needs to stay in first-class hotels or villas and only go for fine dining? Your options will basically determine what price range you are about to face on a per day basis no matter where your destination is. Besides this, your choices on transportation and entertainment can also be a big factor towards determining the cost of your travel around the world.
The above-mentioned prices do not include airfares. Purchasing a round-the-world ticket can mean $1,000 or more depending on your choice of destinations. For some people who want to purchase air tickets as they go, the price can be higher.
Visas are also extra. This can mean $100 more or less depending on the country you are visiting.
Some countries will not let you in without required vaccinations. Vaccination costs can vary depending on what is needed and where you are.
Pre-travel expenses like purchasing travel backpack, shoes, clothing, camera, and the like can really add up to the cost of your round-the-world travel. Depending on what you have at home already, this can be cheap or expensive.
Expect to pay for foreign transaction fees if you are leaving some of your money in the bank and just withdrawing from an ATM once you need cash. Some banks may charge around three percent so make sure you prepare for this extra cost.
Tips Before You Decide To Travel The World
Plan the trip beforehand. Make a very detailed itinerary in terms of your destinations and how long you plan to stay on each of them. This will help you estimate the total cost of your travel better.
Purchase RTW tickets instead of buying one on-the-go. If you pay as you go, this means you really are not certain when and where to go. Hence, you will for sure get a lot of surprises in terms of your finances since you cannot plan ahead of time.
If you want to make the trip cheaper, travel the world with a companion. You can easily split the cost of accommodation, for instance, and save a lot on your expenses.
Always make sure to budget more than what is really required. Chances are in some places, you will need to spend more than what you intend to.