Get saving! Yes, money is the major factor of any trip, the more you have the more you can do, travel further and treat yourself more! In this section we will talk about saving money, getting a rough budget together and also why you should try to bring extra for unexpected things. We will also talk about the best ways to carry your money - cash, card, or travellers cheques.
Saving And Setting A Target
Saving for your travels might take a while but once you are out there, it will be worth it. Its important to try and set yourself a target while saving - try to work out when you can reach the target by, then you can start planning a departure date. Now to set yourself a target means you just have an idea about how much it should all cost - you need to work out a rough budget. Remember your budget figure will be an estimate so do try to save a little more money to allow for underestimating.
Estimating Your Budget
There is no easy way to calculate a rough budget - each traveller is different, go to different countries and for different lengths of time. Some countries could be regarded as expensive such as USA and Japan, and others like Thailand could see your money stretch a lot further. Its best to try and work out transport costs - flights and overland transport first, then with things like accommodation, food and other costs - set a daily budget, or even a weekly budget. You may find a weekly budget more flexible as some days you may spend more than others - so over the week it will balance out. You make also like to keep aside money for things like adventure activities.
Daily Budget Examples
Below are a few examples of recommended daily budget's when visiting certain countries. They are only a guide!
- Thailand - 500THB (£7)
- USA - 50USD (£28)
- Australia - 40AUD (£17)
Check out the recommended links at the below for information how to find out daily budgets for other countries.
Cash, Cards, Travellers Cheques?
What form should you take your currency in? Cash, card, travellers cheques? Well, it depends where you are going really. If you are going to places off the beaten track or less developed countries, you are better taking cash as you won't find ATM's everywhere like you would in a developed city. If you do take cash, do try to split it up on your person for safety reasons. If you are looking for your money to be safe even if the worst happens, travellers cheques are a good option. A popular form of paying for things while travelling is by credit or debit card. Its a lot easier and less hassle as you don't have to to go currency exchange all the time. Just remember though that sometimes you will travel somewhere that doesn't have ATM's or card paying facilities so always plan for this. You may also find it useful to set up internet banking to use while you are travelling to move money around and keep an eye on your balance!
Independent Journey Recommends.....Websites
Lonely Planet Destinations - http://www.lonelyplanet.com/worldguide/
"Find daily budget information in the money section of each country profile."
Money Saving Expert - http://www.moneysavingexpert.com/
"Need to save for your travels fast? Great site to help you save money!."