How to Create a Travel Budget

Planning ahead of time is the key to ensuring budget-friendliness when traveling. Without a proper budget, travel can quickly become an expensive affair. So it’s best to be prepared!

We compiled some tips on creating a travel budget. These should help you plan an affordable trip and stay within your financial boundaries!

1. Determine how much you have to spend

A close up of a blue wall

It is a rather obvious step, but it’s still crucial. To create a travel budget, you’ll need to know how much money you have to spare for traveling. By simply planning out your expenses in advance and keeping track of your spending for approximately one month. Keep in mind, it will likely not include any traveling expenses but only daily costs you’d need to pay regardless of whether or not you’ll be going on a trip. Make sure that your travel budget is inclusive of all future expenditures!

2. Look at your calendar

A close up of a snow covered mountain

How much time do you have? Typically, planning a backpacking trip for two-three months is the ideal timeframe. A month will be too short; you won’t be able to explore many places, and staying in one place for more than three months would mean that you’d grow tired of it eventually. Whether it’s a week-long trip to another country or a three-month backpacking journey, make sure that your budget is sufficient for the time you have!

3. Find out how much it will cost

Now comes the fun part – planning things out! Are you going on a luxurious trip with first-class flights and upscale hotels? Or are you opting for the backpacker style of travel? Perhaps you’ll be camping in national parks and staying at hostels?

Knowing what kind of travel experience you’re looking for will help how much your trip will cost. Of course, it’s relevant to keep in mind that flashy accommodations and high-end transport aren’t for everyone; these things can add up very quickly.

4. Choose where you’ll be traveling

It will also have a bearing on how much your trip will cost. If you are going to expensive countries, like Japan or Switzerland, your budget is probably not going to last long! When planning out which place you’d like to visit, you should look at some travel websites and check out the average prices of accommodations and local transport. It will give you a general idea of what to expect.

5. Stick to it!

Last but not least, don’t go overboard. Even once you’ve done all the planning, don’t be tempted to splurge on anything that you can do without just for the sake of trying something new. Traveling is about finding out what your priorities are and sticking to them. Your budget will already include expenditures that you can’t help but make; for this reason, it’s relevant to make sure that your travel budget is enough to cover the costs of any activities by which you’re willing to compromise.

Once you’ve gone through all these steps, it should be much easier for you to estimate what your travel budget will look like now! Have fun with it and start planning!

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