Money is a major factor that prevents people from travelling, but it is possible to save money for travel with a few tweaks to daily life. Many travel bloggers and long-term travellers claim to be able to travel on $30 or £20 a day, even on this shoestring travel budget that works out at £7,300 for a year long trip. That sounds like a lot, and it is, and you may even want to budget more. We’ll share our budget estimates and actual spend soon, but right now we’ll share how we’ve been saving money for our big trip.
Going out is fun but expensive, especially if you live in a big European city. There’s pretty much a pub on every other street in London and with pints now costing over £4 it has become an expensive hobby. I used to pop in after work every day and go out for a big night every other weekend. A conservative estimate puts that at £100 a week on just drinking and I’m a small guy! I don’t not go out anymore but cutting this back and inviting friends around to your home can have a dramatic effect on your wallet.
Eating out isn’t cheap either, with many mediocre chain restaurants and pubs charging at least £15 a head for food plus drinks and service usually means around £30 a head.