A year of travel isn’t as expensive as you’d think. We’re sharing a step-by-step approach for creating your own budget for traveling around the world.
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ABOUT US
Ready to get your finances in shape, leave your job behind and travel the world? We’re Stephanie and Gillian, a couple who retired early from our corporate careers after many years of saving and investing. We’ve been traveling the world full time ever since. Every Sunday, we share the inspiration and motivation you need for getting to early retirement and a life of travel.
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MUSIC IN THIS VIDEO
from Epidemic Sound
www.epidemicsound.com
Midnight Express by Hallman
I Can’t Get Enough by Love Beans
Always Be by Hallman
Destiny by Onda Norte
#TravelBudget #CostOfTravel #BudgetForOneYearOfTravel #CostTravelTheWorld
29 Comments
A question for everyone…which destination is at the top of your list once travel opens up again? Let us know in the comments! We shared our travel bucket list in a recent video: https://bit.ly/2zRi3nQ
Well done! We traveled to Australia for one month but covered much of the country. Now we want to stay in one location for about one month each location. We are expecting mid range for lower cost ares.
Love your videos. Just shared with a friend that is planning to take a one year sabbatical to travel in 2021!
Wife and I enjoy watching every week. We are going a bit stir crazy with the 'shelter in place' fun =( Looking to go to our place in Panama when that country opens up, a trip to Japan to visit family and Spain are all high on our list of countries to visit next. Keep it up!
Sharing this with the wife as we might have this in our future. Thanks for the info
Another excellent video. Information packed and well produced. Thanks.
Great video! Do you have more information about the health insurance you have subscribed? At about $1,500 for the two of you for a year, this is a great cost, and about half of what we are currently paying for with IMG Global (for more details: https://www.nomadnumbers.com/why-long-term-travel-is-the-best-health-insurance-plan-you-can-get/). Since our renewal is coming up, we would love to compare what coverage you are getting, and if it's better than what we have, we would then consider switching 🙂
Wow! I'm surprised how inexpensive it is to slow travel outside of the US. I'm amazed you only spend $2600 a year for flights, $900 a month on air bnb's and $700 a month on food! It's less expensive to retire and slow travel the world then live in the US! I'm grounded for now, but look forward to my Nomadic Life once it's safe to do so. First place I want to go is Greece. How are you dealing with the cost of Toronto? I've heard it's expensive and I'm sure you busted your housing budget for the month. Could you do a video on the monthly cost of life in Toronto? Thanks for the content. I see your channel has really grown since the pandemic.
Great content, I’m curious on the health insurance need and cost while you travel internationally. Could you please elaborate on this topic in your future videos? Thank you !
I would like to go many places around the world. I would like to mention…. though it is quite expensive…. Greenland and Faroe Islands….
Great video. I'm going to begin slow traveling as soon as other countries open up to folks from the US; unfortunately this may not be until after November. It would be great if I could tag along with you guys until I get my feet wet, as you guys are very knowledgeable and seem to be great to travel with.
Lots of information, thank you.
My hubby and I just found you. We’re retiring early in 5 1/2 years and selling everything to slow travel the world. We normally do 1 month vacations every year but will be cutting back on that now that we are getting closer to retiring.
Your channel is helpful with all your realistic information and details. Thank you!
This is really helpful. Thanks for sharing!
You don't need to pay for ATM fees with a Charles Schwab checking account – not sure if it is available for Canada, but we use it in USA. I haven't had to pay any ATM fees with that debit card when traveling abroad… check into it (they also open for you an investor account at the same time – I never bothered with it, don't care about it, and there are no fees for it or for checking. It may be that that's how they make their money for swallowing all those ATM fees…).
Hi! Can you possibly advise where you stayed in Lecce? Many thanks.
FINALLY, a video on my level of finding ways to budget, great video. I think I’m going to smash the like button and subscribe.
Love the under handed mention of US health system. Seriously, it's often cheaper to fly out of US and do your medical service, even if you have insurance! The health costs over there are a travesty, can't believe these people don't consider healthcare as a human right.
Your transportation budget is quite low for 2 people! I guess sticking to one area and low-cost airlines can work. Have you considered touring the US national parks? It would be a different experience than living in cities, but would really tick off the "getting into nature" box!
My budget never changes. I live off of a specific amount every month, regardless of where I am located. When traveling, I spend a bit more because of the flights, but I have a flight/travel fund line item in my budget. I save here and there from different line items depending on if a place is cheaper or not. If I spend "less" than expected, I add this left over money to my travel fund. If I spend a little more, then I take it out of the travel fund but the previous month I had money left over so it's okay. I try to not go over my budget. It doesn't matter if I spend more on food vs accommodations, or what have you, whichever way it turns out the cap will be the same.
Great, well-organized content – Thanks!
Working through these topics….can you present what gear you must travel with….luggage ,tech etc…..what is a waste if time I would be really interested…so glad found your channel
Freakin Awesome!!! Thank you
Very very helpful. Keep it up. Good luck!!
These homegirls are hella cool man
Very good – I don't understand why you don't have more subscribers as your videos are interesting and useful.
We lived 8 years in Tokyo and 4 years in Hong Kong as expats. We loved it.
But our longest time « backpacking » on the road, or travelling, was 3 months. We discovered and volunteered in Bolivia and Argentinia.
We realized that our daily expense, including the flights snd hotels, were the same as if we had stayed in Montreal (and that was accounting for our fixed costs in Montreal as well).
We are making a budget since. Not because we need it, but to have a better idea of 1) our daily or monthly expenses, and 2) where our money actually go. Everybody should make a budget!
We dont have a car. I realized that I couldn’t live in a car dependant city. Plus, a car is a huge fixed cost to carry, not to mentioned its about $1.2 million over 25 years on opportunity cost. So, having no cars means early retirement…
What is the budget that you are trying to stick to by the way?
One month in Greece, Rhodes, Crete, Myconos, corphu then one month in Rome and Florence all with trains and buses all budget places.
What mail service, ?