Comments on: How to Save Money for your Round the World Trip

By: Roger Pack

Roger Pack — Fri, 19 Mar 2021 17:48:31 +0000

Very good list. Only thing I’d maybe add is that even “eating in” the food budget can be painful. A few tips: buy less meat (or none). Shop grocery sales. Maybe avoid costco typically except for gas, staples and sales, that place adds up waay fast (but the credit card 5% off gas is nice). Shop aldi’s/winco for groceries, of available. Keep track of which prices for which foods are “good prices” so you can shop the ads reliably. Compare grocery stores prices so you can know what a “good” price is. Stock up on the very good sales (of things you like to eat). Already mentioned but bicycle to get to public transportation. Buy clothes at a thrift store. Buy anything thrift stores offer at thrift stores. Buy some things at dollar stores (that actually sell for $1 LOL phone cables come to mind, some kitchen things). Use an evaporative cooler if you happen to be where they work at all. Or set the temperature higher. Phone plan: I’d go with mint or visible party these days. Do you need fast home internet or can you make by with tethering/slower plan? Buy a car super used and learn to fix it up yourself (scary but actually sometimes possible, with youtubes and a lot of time). Got a plumbing problem, youtube it, fix it yourself, ask a friend for help. Buy some things off ebay instead of amazon from chinese sellers and wait the 6 weeks for delivery LOL. Drop the prime membership you’ll find yourself spending a lot less on amazon. Tiny home an option? Maybe in a trailer park? Could you take an evening course at a local school and upgrade salary? evening course for several years and upgrade? Tiny home in an RV park? The one problem of course is that you don’t really want to always feel like you’re spending nothing. I’d recommend a budget (“spending plan”) like “OK I still want to eat out xx/month, so besides that money, let’s scrimp on the rest” or something to balance your life a bit. Speaking of which, solely saving “cuz you want money” might make you miserable and be a symptom of some other problem in early childhood. Be careful.
Social engagements with board games. Paypal credit card gets 2% back on all purchases. Bring a lunch to work. You maybe could still eat out with coworkers but order just one tiny thing and drink a lot of water (haven’t tried this but came to mind LOL). In general the “auto save” is good advice. It’s either that or strict budgeting. You want your account to look as if you’re broke. Then you’ll tend to spend as if you are (and naturally follow some of the other advice). Studio or shared room? Even couples can sometimes rent out a room in a house. Depending on municipality. Maybe not super good advice but you may be able to draft a “small sum” from retirement savings.

I guess my next question is how do you put your job on pause for a year…quit? Try not to burn bridges LOL. Maybe a remote job not sure if that’s workable or not.

Other suggestion (kind of mentioned) is you can airbnb your house while you’re traveling. Maybe save up for an RV for long distance travel (buy used LOL). Then you can travel maybe more cheaply?

Also not (?) addressed is health insurance while you’re out?

By: jasonvick

jasonvick — Sat, 22 Apr 2017 09:45:47 +0000

great tips..! there are many effective way about how to save money round the World Trip. we are very struggling in saving our money so this article was very effective and helpful to us. thanks for sharing best way and free tips to save money easily. I am so glad that reading your article.love it.

By: AliceEspai

AliceEspai — Wed, 30 Jul 2014 07:01:36 +0000

Wow! So many useful tips! When I was cutting back to afford my trip to New York I stopped smoking normal cigarrettes and started rolling my own, this halves your monthly budget so it’s a good option for those who can’t/don’t want to stop.
I’d also advise people who are sharing flats to move into a farely priced place with an extra room so you can rent it per week so you can also cover the bills

By: Anastasia

Anastasia — Thu, 12 Jun 2014 18:32:45 +0000

Thanks for post, I picked up some innovative ideas for saving!

By: Go Travel

Go Travel — Tue, 20 May 2014 17:04:33 +0000

Thanks for the advice. Taking the world trip is my dream and a goal that I’m setting for within the next 10 years 🙂

By: Micki Kosman

Micki Kosman — Sat, 17 May 2014 02:27:55 +0000

In reply to Katie. I like that tip; it makes it almost impossible to overspend.

By: Shaun

Shaun — Thu, 15 May 2014 19:12:03 +0000

Great Tips Mickie!! I will apply these tips when I will be travelling.

By: Katie

Katie — Wed, 07 May 2014 10:34:07 +0000

This is such a good list.

The only thing I would add is my favourite saving tip: budget how much you want to spend in a week, get that amount out of the ATM on a Monday morning, and then only use cash when you buy things throughout the week. That way, you can always see how much money you have left in your purse for the week, and it’s much harder to slip into overspending. Anything left at the end of the week goes into a special savings fund for ‘extras’ when travelling: a day trip; a night in a nice hotel; a fancy meal out etc. Seems to work ok!

By: Echo Santos

Echo Santos — Tue, 29 Apr 2014 01:46:30 +0000

That’s a lot of great tips! Those stuff will sure come in handy. The next part now will be how to spend it wisely while on the road.

By: Tiffany @ ModernDayNomads.com

Tiffany @ ModernDayNomads.com — Thu, 24 Apr 2014 17:13:04 +0000

Fantastic article! Your tip to utilize the local library is one that we actively employ, wherever we live. I have a big media habit, so borrowing new books/DVDs/CDs instead of purchasing has saved us tons of money and keeps us traveling light.