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So, how much does it actually cost to travel around the world? Great question. In this video
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we're going to answer it and show you how traveling the world for a year can actually turn out cheaper than staying at home.
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I'm Alex. I'm Marko, and you are watching Vagabrothers, your go-to guide for travel tips,
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inspiration, and vlogs here on YouTube.
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This video is part of our series on how to travel around the world for cheap, and
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this video addresses one of the most common questions we get about travel:
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how much does it cost? If you're new here, make sure you hit that subscribe button,
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enabled notifications, and get ready to take some notes and crunch some numbers.
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This is how much it actually costs to travel around the world.
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The short answer is: it depends a lot on you,
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and there's no one-size-fits-all answer.
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Instead, we're going to give you a couple of tools you can use to estimate the cost of your trip,
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no matter what size.
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Let's tackle this one step at a time.
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First, you're going to have to determine your level of luxury and choose your destinations accordingly.
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Next, understand your major expenses
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and calculate your costs per day.
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And finally, add all this up to
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estimate your total cost for your trip.
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And as a bonus, we're going to crunch numbers on a full year around the world,
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what's known as a Gap Year.
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So if you ready, let's get started.
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First and foremost, you're going to have to look at yourself long and hard
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in the mirror and ask yourself one question:
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What type of traveler are you?
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Are you a high-class jet setter that demands only the best or are you a bare-bones
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backpacker who will happily dumpster dive for dinner in order to travel forever?
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Truth is most of us are somewhat in the middle.
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We got champagne taste, but only beer income.
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Wherever you are on the scale, don't worry.
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There's no right or wrong answer.
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But, be brutally honest with yourself about how much you can rough it.
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News flash: some places in the world are more expensive to visit than others.
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Figuring out the cost of your destination is crucial to budgeting.
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Traveling in the developing world like India, Southeast Asia, and Central America is around 2 to 3 times cheaper than
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traveling in Europe, North America, or Australia.
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We just published a video on the 31 cheapest destinations in the world.
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So if you've not seen that video yet,
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make sure you click up here to watch it for some inspiration.
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Generally speaking you're going to have to budget around 25 to 50 dollars
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per day in the developing world and around 50 to 150 dollars
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a day in Europe or North America.
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But, It's not that simple. India might be cheap,
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but how much it cost to fly there?
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The good news is that the internet allows you to get
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exact estimates on your major cost of travel.
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Let's start with those.
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Plane tickets are by far your largest cost.
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But luckily search engines like Momondo, Skyscanner, and Google Flights
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search the internet to find you the cheapest fare.
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Just keep an eye out for hidden costs like check bags and onboard meals because
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nothing is free these days. And if you haven't already watched it, click our video here to see how to get the cheapest flights possible.
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After flights your next biggest expense is going to be accommodation.
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Do you need a hotel every night? That can get expensive fast.
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Can you share a dorm room with seven strangers? Cheaper, but you might wake up with someone
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snoring, puking, or fornicating,,, maybe all at once.
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How about couch surfing? Totally free, but potentially sketchy.
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Mix and match these options to maximize your budget and maintain your sanity.
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Use websites like Hotels.com,
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Hostel World and Airbnb to check out prices before you go.
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Next up: activities....
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something most people severely under budget for.
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How much would it suck to fly all the way to Australia, to the Great Barrier Reef
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only to realize you don't have enough money to go scuba diving.
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Be conservative when budgeting.
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When you're researching museums, tours, and activities,
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take a good look at the price.
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It's also important to identify major bucket list activities that you know you're going to do,
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like bungee jumping in New Zealand
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or a yoga course in Costa Rica.
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Search online to find the exact price before you go.
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Add it all up, toss in a little bit extra for
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the unexpectedly awesome things you might find.
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And if you don't spend it all, you still have a little bit of cash when you get home.
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But boss, what about money for food and stuff?
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I get "hangry."
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Everyone needs to eat, but where you
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eat makes a big difference.
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Do you need to eat every meal in the restaurant
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or can you cook at the hostel?
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And can you brave $1 street meat?
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Each meal adds up, not to mention alcohol.
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Okay, Bros. I get it. Flights are expensive.
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What about ground transportation?
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This can be a major cost if you're traveling a lot
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overland, like taking trains through Europe or doing a road trip across the States.
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You can search online to find the exact prices of Eurail passes (in info box) or rental cars.
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Lastly, don't forget the hidden costs.
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Do you have a backpack or a suitcase?
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Mmm. That's a 100-300 bucks.
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Is your passport valid for at least six months?
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Mmm. That's at least a hundred,
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extra if you need it rushed.
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Do you need a visa?
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Vaccinations? Travel insurance? All extra.
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Now as promised, we're going to finish this video by
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answering a very frequent question:
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how much does it cost to travel around the world for a full year?
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Let's start with a major travel hack known as an around the world ticket, which
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literally lets you travel all the way around the world for up to a year on multiple flights
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for around two to three thousand dollars.
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But there are some rules.
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First: the whole trip must be made in one direction.
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One direction?
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No, east or west...no zigzagging, either.
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Second: you have to complete the entire journey within a year, not a day longer.
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And last: you have to begin and end the trip from the same airport.
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So it's a round-trip ticket? All the way around the world, baby.
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Find out more at the website Airtreks.com,
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which has a really useful trip planning tool that lets you mix and match destinations
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so you can get different estimates depending where you want to go.
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There's a link in the info box.
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So once you've got your ticket, you obviously can't estimate for every expense in every place you go for an entire year.
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You need to start thinking in terms of your daily cost of travel in your target destinations.
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This number is basically everything you spend money on, apart from your major expenses like airplane tickets
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and bucket list items: food, accommodations, activities.
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It's super important because small differences between countries can add up over a year.
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And it helps you decide where to go to maximize your savings.
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Websites like Budget Your Trip.com are great for
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comparing the cost of travel in different places. But remember, always
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cross-check your estimates with different sources.
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Guidebooks are great; so is Lonely Planet's Travel Forum called the Thorn Tree Forum.
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But the best is of course word of mouth, speaking to people
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who've recently been there. Also reading the comments section.
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All of you awesome Vagabonds out there are doing a great job in
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sharing your tips and your travel information in the comment section.
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So if you have any of your own, be sure to drop a comment and help our fellow travelers out.
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Lastly, traveling for a full year gives you the flexibility to travel slowly,
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which is cheaper. You can spend more time in places during the shoulder season,
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travel on the cheapest day of the month, and most importantly work seasonal jobs along the way.
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This is what we call the Kiwi method because Kiwis and
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Aussies seem to work all the way around the world making the dream go on for years at a time.
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We're going to make a dedicated video to what's known as a working travel visa.
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But the point is that working along the way means you have to save less before you go.
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Okay, now let's crunch some numbers.
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We'll assume one full year of traveling to every continent on earth,
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except Antarctica,
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starting and ending in LAX.
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So how much do you think it's going to cost?
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Pause this video, write down a number,
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and compare it at the end.
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A shoestring budget means that you're in spend most your time in Southeast Asia,
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Latin America, and India,
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restricting your time in Europe to the south and eastern parts, and stopping
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in Australia
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to work for a season along the way.
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Your biggest single expense is going to be the around the world ticket, which for this route
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comes out to around
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3,500 Bucks for around half a dozen stops.
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For accommodations you'll be staying in dorm rooms in Southeast Asia and India and
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couch surfing for free in Europe.
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You'll be eating street food in Southeast Asia and shopping at
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supermarkets in Europe, avoiding restaurants whenever possible.
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You're not partying too much.
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You're buying most your booze in supermarkets and avoiding bars and clubs whenever possible. You take the cheapest
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You take the cheapest transportation to get around and chances are you're probably
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going to be walking a lot.
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You avoid almost all activities that cost money..$5 massages in Thailand is a treat, but nothing too crazy.
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That means that the bare minimum for a full year
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traveling all the way around the world
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is 10,000 US dollars, but more realistically
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It's probably going to be around 15 grand.
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If you want a bit more comfort, some better accommodation, more meals and restaurants etc,
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bump that estimate up 20 or 30 percent, which is about 18 to 20 thousand dollars.
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For comparison the average cost of living in Los Angeles is around
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$23,000 a year, so traveling the world for a year can actually be much less expensive than staying at home.
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But you should remember that you're not going to be earning money while you're traveling unless you're some sort of digital nomad.
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So you're going to have to save this money up, and that is the major challenge for traveling around the world for a year.
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But if you travel slowly and work along the way, that can bring the price down by a lot.
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We're going to address that in a future video.
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So what do you think? How does it compare to your guess? Higher?
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Lower? Let us know in the comments section.
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In the meantime let us know if you have done around the world trip.
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Give us some of the most recent info on how much
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this is currently costing you. Put all the details you can in the comment section.
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We're sure other travelers would really appreciate that.
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Now obviously for most of us, taking a full year off if you have debt or loans or whatever, it's not realistic.
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So don't be put off by the price tag. Tools we've given you should allow you to calculate a budget for whatever trip of whatever size.
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Just start where you can for now. But if you're in the mood for a life-changing experience,
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hopefully this video has helped encourage you to take that first step for your big trip around the world.
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If you enjoyed this video, you know what to do: drop a comment,
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give it a thumbs- up, share it with your friends, and subscribe and turn on notifications if you have not already.
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Remember this video is just one part of a full series on how to travel around the world. Check out those other videos.
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In the meantime, stay curious, keep exploring, and we'll see you guys on the road.
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Peace.
