Name: How Much Does it Really Cost to Travel the World? | Budget RTW Trip Guide
Uploaded: 2018-06-07T15:29:30.000Z
Duration: 11 min 21 s
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So, how much does it actually cost to travel around the world? Great question.  In this video

we're going to answer it and show you how traveling the world for a year can actually turn out cheaper than staying at home.

I'm Alex.  I'm Marko, and you are watching Vagabrothers, your go-to guide for travel tips,

This video is part of our series on how to travel around the world for cheap, and

this video addresses one of the most common questions we get about travel:

how much does it cost?  If you're new here, make sure you hit that subscribe button,

enabled notifications, and get ready to take some notes and crunch some numbers.

This is how much it actually costs to travel around the world.

The short answer is: it depends a lot on you,

Instead, we're going to give you a couple of tools you can use to estimate the cost of your trip,

First, you're going to have to determine your level of luxury and choose your destinations accordingly.

And as a bonus, we're going to crunch numbers on a full year around the world,

First and foremost, you're going to have to look at yourself long and hard

in the mirror and ask yourself one question:

Are you a high-class jet setter that demands only the best or are you a bare-bones

backpacker who will happily dumpster dive for dinner in order to travel forever?

Truth is most of us are somewhat in the middle.

We got champagne taste, but only beer income.

Wherever you are on the scale, don't worry.

But, be brutally honest with yourself about how much you can rough it.

News flash: some places in the world are more expensive to visit than others.

Figuring out the cost of your destination is crucial to budgeting.

Traveling in the developing world like India, Southeast Asia, and Central America is around 2 to 3 times cheaper than

traveling in Europe, North America, or Australia.

We just published a video on the 31 cheapest destinations in the world.

make sure you click up here to watch it for some inspiration.

Generally speaking you're going to have to budget around 25 to 50 dollars

per day in the developing world and around 50 to 150 dollars

But, It's not that simple. India might be cheap,

The good news is that the internet allows you to get

exact estimates on your major cost of travel.

Plane tickets are by far your largest cost.

But luckily search engines like Momondo, Skyscanner, and Google Flights

search the internet to find you the cheapest fare.

Just keep an eye out for hidden costs like check bags and onboard meals because

nothing is free these days.  And if you haven't already watched it, click our video here to see how to get the cheapest flights possible.

After flights your next biggest expense is going to be accommodation.

Do you need a hotel every night?  That can get expensive fast.

Can you share a dorm room with seven strangers? Cheaper, but you might wake up with someone

snoring, puking, or fornicating,,, maybe all at once.

How about couch surfing?  Totally free, but potentially sketchy.

Mix and match these options to maximize your budget and maintain your sanity.

Hostel World and Airbnb to check out prices before you go.

something most people severely under budget for.

How much would it suck to fly all the way to Australia, to the Great Barrier Reef

only to realize you don't have enough money to go scuba diving.

When you're researching museums, tours, and activities,

It's also important to identify major bucket list activities that you know you're going to do,

Search online to find the exact price before you go.

Add it all up, toss in a little bit extra for

the unexpectedly awesome things you might find.

And if you don't spend it all, you still have a little bit of cash when you get home.

But boss, what about money for food and stuff?

Do you need to eat every meal in the restaurant

Each meal adds up, not to mention alcohol.

Okay, Bros. I get it.  Flights are expensive.

This can be a major cost if you're traveling a lot

overland, like taking trains through Europe or doing a road trip across the States.

You can search online to find the exact prices of Eurail passes (in info box) or rental cars.

Is your passport valid for at least six months?

Vaccinations? Travel insurance? All extra.

Now as promised, we're going to finish this video by

how much does it cost to travel around the world for a full year?

Let's start with a major travel hack known as an around the world ticket, which

literally lets you travel all the way around the world for up to a year on multiple flights