This word gives us constant yucky feelings inside!
When we made the decision to travel full time (aka take leave from our very nice jobs and our very nice home!), we had no idea what it would take and what kind of money we would need. Actually, we thought it would be impossible and truthfully our initial idea was to work abroad as teachers.
BUT! We did some research of other families who had taken this leap, did a few sums and settled. I remember feeling sick that night actually that we were ruining everyone’s lives and we would never be able to afford it.
We sold our house. We didn’t use the money from this (we’re not THAT irresponsible!) but we did move in with my Dad for 6 months so that we could save (and save and save and save).
We sold ALL our stuff. Except the important stuff. The kids/ the books. We really didn’t feel attached to any of it and had mostly picked it up cheaply when we first moved back to Australia from Canada as broke university students.
Talking about money is so private and icky but I found it so helpful to hear about what others were budgeting when we were planning, so we are completely exposing ourselves here (and feeling a little vulnerable about it too!)
We came up with a per day budget and allocation based on what others had done and our own knowledge of how we travel.
LEG 1: Three months in France, two months in Northern Africa/ the Middle East @$170 per day (this budget includes accommodation and daily expenses like food).
LEG 2: 4/5 months in South East Asia @ $100 per day including accommodation.
LEG 3: (if we have managed to stick to our budget) 3 months in Eastern Europe, beginning in Turkey @150 per day including accomodation.
We also allocated a budget for tours and activities: $15,000
And lastly, a budget for flights and transport: $20,000
That’s a lot of money. BUT we have no other expenses for the year, just to live and Jordan was able to take Long Service Leave from his teaching job which gave us the final boost across that line. Also, remember, at this stage, this is a projection, so far we have managed to stick below budget so we may end up coming under budget overall… doubtful but possible!
One thought on “The Budget.”
Honestly I think you’re going to spend less in a year than you do at home and you are having the MOST valuable family experience ever. I want to see you the project talking about your experience.