Believe it or not, long term travel is not as expensive as you think. Like many things in life, there are a few upfront costs such as a plane ticket and backpack. Once you get that out of the way, you’ll need anywhere from 1000 to 1400 US dollars a month. For example, last month I traveled all over Colombia and only spent around US$1200 over the entire 31 days! That figure includes transportation, food, accommodation, beers, activities and all other travel related expenses. In New York City, my monthly rent alone was over $1200!
You might be thinking if you can do this too. And honestly, YOU CAN. Here’s an oversimplified checklist on what you need to do:
- Save some money. In general, US$1400 per month of travel. US$2000 per month if you’re going to more expensive countries like Australia or Japan.
- Pare down your fixed expenses. Rent out your home or sublet your flat. Get rid of your mobile phone or suspend it. Sell your car. Pay off your debts.
- Get vaccinated. Yellow fever, hepatitis a/b, rabies, etc.
- Get travel gear. You’ll need a passport, backpack, camera, clothing, bank cards, soap, travel towel, and comfortable shoes.
- Pick a destination. And buy a plane ticket.
- Quit your job. Or go on a leave of absence / sabbatical. Or if you’re a business owner, sell or lease your business.
- Open your mind. You’re going to go on a journey of a lifetime.
Yes, long term travel is not for everyone. But if you were even remotely considering going on a long trip (for my American readers, a long trip is more than 2 weeks!) then you definitely should go for it! And let’s be honest…instead of sitting at a desk wouldn’t you rather be sitting at the beach?