Travel Budgeting Like a Boss + Template!
I say it all the time on this site, but travel does NOT have to be expensive! In fact, I only travel to places where I know I can stretch my dollars pretty far. I like to coin myself as a “luxury budget traveler”. The only time I went against that title is when I went backpacking through South East Asia last Fall. I mean, let’s face it ‘backpacking’ is not exactly glamorous with fancy hotels and lavish meals. Even still, I traveled for 3 months through Asia and only spent $2500!
Anyhoo, I wanted to share with you all how I budget all of my trips! Let me preface and say, budgeting is LIFE! I am a pretty frugal individual in general, but when it comes to trips I like to plan accordingly. At the bottom of the post is a link to the exact budget template I use for my expense planning.
As far as my trips are concerned, the destinations choose me, I typically do not choose them! Like the example I will be showing you, I snatched a deal to Brazil for $273 round-trip!
Here Are Is The Process & Way I Go About Budgeting For Trips:
Destination Chooses Me! #Chose
In this case, I grabbed this roundtrip flight to Brazil for $273!
Decide on How Much I Want to Spend for the Entire Trip.
For Brazil, $1,000 would be more than enough. If not, I will make it enough!
Do Some Extensive Research On Things I Want to Do/See, Average Cost of Accommodations, Cost of Food, and Costs for Entertainment!
Food will run me about $5-20/day (all meals)
I estimated all of the attractions to be ~ $150 (many of the things in Rio or free or very inexpensive)
We will be taking local transportation. In Rio, the metro is way cheaper than cabs
Accommodations for the entire trip total $91 (splitting with another person & rounded up to $100 on template below)
Once I have found my hotel/Airbnb/etc, estimated food and entertainment costs, and even factored in transportation, I plug it into my budget!
My Budget Template Calculates Everything For Me and I Can See Where I Stand!
Notes & Tips:
When I do my budget planning, I account only for myself. This way, I can really overestimate my expenses. Since I am traveling with a friend, a lot of the costs will be split (hotel, cabs, etc)
I rarely buy souvenirs (I was starting to end up with a bunch of crap!) for people or myself. I like sending postcards or getting something small and meaningful. This cuts costs and saves room in your luggage!
I love to eat local and authentic food! Not only does it taste so much better, but you get a real authentic experience and its a lot cheaper than eating in the ‘touristy’ spots.
So with a Budget of $800 for My Entire Trip to Brazil (including flight & hotel), Do You Think I Came Over and Under Budget?
Download This Budget Template to See How I Did It & Use It to Plan Your Next Trip!
So tell me.
How do you budget for your trips?
Travel Budgeting Like a Boss + Template