The Secret Revealed
After following our travels for the past few weeks, some of you may be wondering…how can two college students possibly afford to travel the world for 7 weeks? Well, get out a pen and paper because we’re about to let you in on our secret. No we didn’t win the lottery, we don’t have trust funds, and trust me, we’re not rich. If we can afford to travel, so can you. Here’s the magic formula:
Travel = save + sacrifice + budget.
Well, having a job and income is step one of this component, so if you don’t have one you might want to work on that. If you’re looking to take a longer, multi-country trip like us then we might recommended 2 part-time jobs (or 3 or 4…). When your boss asks who wants to go home first, resist the temptation because that extra half hour or work can really add up. When you get those annoying texts and emails from your coworkers about picking up shifts, pick them up. Also, ask around to see if you can make some extra cash by babysitting, walking dogs, or even house sitting. Sure, it might suck to work a few weekend nights, but trust me, when you’re having the time of your life traveling, it will all seem worth it.
Just because you receive a paycheck from work doesn’t mean you have to run out every Friday and spend it. Save it (or plan to save a certain percentage from every one). You know the extra cash you get around holidays or your birthday? Save it. Do you have any clothes, old textbooks, or random junk lying around that you don’t use? Sell it, and then save the money.
If you don’t already have one, we also recommend setting up a savings account specifically for your travel funds, and tell yourself that once money goes in, it doesn’t come out until the trip. It’s much harder to spend money that you can’t see.
Sure, we know some people can’t function without their daily Starbucks fix or have a nervous breakdown from not visiting Nordstrom once a week. We’re not saying to go cold turkey and cut out anything that’s not necessary for survival. It’s just about finding a balance of how often to indulge and enjoy these daily luxuries. However, if you really, truly are interested in traveling you’ll need to closely monitor your spending and make sacrifices in your life. That way you can have enough money to indulge while abroad. I mean, isn’t much cooler to eat gelato on the streets of Italy then on your couch at home? If you’re serious about it, you need to make a travel a priority in your life. That is key. For the past year, Coley and I have made this trip a top priority in our lives. Numerous people have said something to us along the lines of, “I could never afford to take a trip like you.” Well, we did the math and want to put some things into perspective for you:
5 beers at a local bar = 1 zorbing experience
1 Apple iPad (16gb with 3g service) = 5 weeks accommodation in New Zealand
1 large Starbucks coffee everyday for 1 year = 1 roundtrip planet ticket to Australia
2 pairs of jeans from Express = 1 bungy jump + pictures and video
2 movie theatre tickets = food in Thailand for a week
$5 fast food runs 2 times a week for a year = 1 week boat + accommodation island hopping trip in Fiji
Dinner at a sit-down restaurant + tip once a week for 1 year = black water rafting + mud bath and spa + skydiving + elephant trekking + glacier hiking + zip lining + scenic helicopter flight
You get the idea…pretty shocking right? It’s amazing how much money you can save when you make a few sacrifices.
The final component is budgeting for your trip and actually sticking to it (or under it) on the road. I think there’s a misconception that traveling is a glamorous and expensive affair. We’re walking proof that it is possible to travel on a ridiculously cheap budget. During our time in New Zealand, we spent $4.50 a day on food and drinks (yes, that’s for 3 meals a day) because we limited the amount of times we ate out and instead went grocery shopping and cooked for ourselves. Personally, we like to keep our food budget low and our adventure budget high, but this just depends on your personal preference and travel style. By staying in dorm rooms in hostels and with family and friends in some cities, it was possible for us to keep our accommodation budget low and actually slightly less expensive than the price of rent + utilities of an apartment back home. You read that right, depending on your destinations and budget, life on the road can sometimes actually be cheaper than life at home.
So now that the secret is revealed, when’s your next trip?