Money & Budgeting

Costa Rica colones currency


One of first things that comes to mind when planning a trip is (understandably so) money. Likewise, when people find out we’re traveling the world for a year, they want to know how it is possible. The main reason we started this blog was not to keep friends and family updated on our travels (though it is nice for that!). Rather, we wanted to create a resource that will help (and encourage!) other travelers when planning their trips, whether for a weekend or an entire year. For that reason, we have tried to be very transparent about our saving and spending for travel. Questions? Just ask!

Our Savings

For a high-level overview of our budgeting process and perspective on saving for travel, read these posts:

9 Money Mistakes to Avoid on Your Next International Trip
How We Saved Enough Money For A RTW Trip—In Just One Year
Saving Money Is The Easiest Part Of A RTW Trip
How Much Does A RTW Trip Cost? (And How You Can Spend Thousands Less)
6 Times Not to Save Money While Traveling (a.k.a. when to splurge on travel!)

Country-Specific Costs

The following daily cost numbers are based on our actual spending in these countries during our RTW trip. These numbers are per person and include nearly everything we spent on the trip, including food, transportation within the country, entertainment, tours, personal care items, visa costs, etc. These numbers do not include the following expenses:

– Transportation into the country (as presumably, we are all flying in from different places and that number can drastically change your travel budget)
– Gifts and souvenirs
Travel insurance (if you have a travel rewards credit card, insurance may be included for short trips)
– Extra-special activities that most travelers wouldn’t attend, due to niche interest or timeliness (for example, attending a soccer championship match in Portugal or getting our scuba certifications in Thailand). All other paid tours and activities are included, however; these “extra-special activities” are few and far between.

Also keep in mind that though we traveled on a budget, we did not travel on a shoestring. We almost always slept in private rooms, ate out 2-3 meals a day, drank alcohol (frequently), and usually chose the most efficient transportation over possibly cheaper options. You can save money in any of these countries by staying in hostel dorms, couch-surfing or house-sitting; purchasing more meals at markets and/or cooking in your accommodations; taking fewer guided tours; and/or not drinking alcohol. So if a number looks intimidating to you, please remember the above and check out our detailed budget posts (linked below) to see where you can cut costs and make your trip happen!

RTW Destinations Sorted by Affordability

Albania (Tirana): $33/day per person

Ukraine (Lviv): $35/day per person

Georgia (Tbilisi): $37/day per person

Azerbaijan (Baku): $37/day per person

North Macedonia: $38/day per person

Armenia (Yerevan): $40/day per person

Bosnia & Herzegovina: $40/day per person

Colombia: $40/day per person

Sri Lanka: $40/day per person

Serbia (Belgrade): $41/day per person

Cambodia: $42/day per person

Malaysia: $45/day per person

Vietnam: $48/day per person

Thailand: $51/day per person

Mexico: $52/day per person

Latvia (Riga): $52/day per person

Slovakia: $53/day per person ($44/day in eastern Slovakia, $62/day in Bratislava)

Turkey: $53/day per person

Hungary (Budapest): $54/day per person

Lithuania (Vilnius): $56/day per person

Austria (Vienna): $59/day per person

Estonia (Tallinn): $61/day per person

Egypt: $68/day per person

Poland: $69/day per person

Indonesia: $70/day per person

Slovenia: $71/day per person

Montenegro (Kotor): $72/day per person

Croatia: $80/day per person

Portugal: $81/day per person

Jordan: $88/day per person

Liechtenstein (Valduz): $89/day per person

Costa Rica: $96/day per person

Switzerland: $110/day per person

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