How Much Does It Cost to Travel for One Year?
Source: bradipo at flickr
An interesting post yesterday at the Escape 101 blog has me thinking, how much would it cost to travel for one year?
I’ve been doing my own planning for my time off this year. I set aside what I thought was a reasonable amount of money for 2 months overseas – $20,000. And now I read that that is what one couple spent for 1 YEAR away from home.
Now $20,000 is not much of a travel budget for 1 year. And truth be told, the couple that did that lived in rural Australia for 6 months and so are not really jet setting around the world, but finding cheap places to live for extended periods.
But I could do that.
I could live in a relatively cheap part of Spain for a couple of months. I could live in Thailand. I could live in almost any country in South or Central America. All relatively inexpensive places. Warm, and no 9-5 “work” required just to exist from week to week.
When I think about how much it’s costing me just to “live” here. Thousands of dollars a month just in mortgage, food, shopping… It probably costs me $40,000 a year just to live in Toronto, compared to only a few thousand a year to live in a cheaper locale. It’s a conscious choice we’re making to live like we live. And I have to work 12 hours a day to just support it all.
I’m going to do a budget. Just for fun, but maybe not. How much would it REALLY cost to live 1 YEAR in cheaper places. Factor in apartments, travel, reasonable day to day living expenses. I’ll do that tonight and post it here. If someone said I could do it for $30-$40,000, would I just take the money out of the bank and do it?
And if I could do it for a year, what’s to stop me from making a couple of thousand a month remotely and doing it forever?
Stay tuned!
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