How much money to travel the world?

You're nuts if you think 20k is enough to travel the entire world. Unless you mean a few countries in various areas of the world in which case yes, that's very possible.

You are going to need a lot of research. There are many variables which need exploring which will determine your overall expenditure. First you must decide your priorities.


Which countries to stay in - each will vary considerably. e.g. European, North American, Australia, NZ, popular holiday destinations etc. will all be several times more expensive than say India, Nepal, Cambodia and such.
Pace of travel - how long to stay in each country
Mode of transport in country and between countries (fast or slow, comfort etc) The more frequently you change location, the more you spend. Plane, train, car, boat, taxi, bus, hitch, walk etc. etc.
Accommodation - again the type of accommodation, level of comfort will dictate price
Living expenses for each country - this will change between cities, towns and rural areas
Visiting tourist attractions, events, souvenirs
Socialising
Visas, local taxes, laundry, replacing shies, clothes etc.
Mobile phone charges
Upfront costs: vaccinations, travel and health insurances

Then plan contingencies and emergencies plus repatriation. Cost of living inflation is running high for everyday expenses, so bear this in mind and keep a healthy budget aside possibly as much as 20%.

£20k seems a tad light but is commensurate with the UK national living wage. By all means try to stick to this level, but have a contingency of another £10K or you will likely end up cutting your venture short.

You need to decide your priorities first.

No end of websites to help. Here's one:

https://www.earthtrekkers.com/how-much-does-it-cost-to-travel-around-the-world/

Hmm, good to know that £20k is light. I got lot of dosh lying around in an easy access ISA which I was going to fix for a year, but I might leave it in an easy access now so it's easily accessible. Btw, have you travelled recently, or are you saying it's light based on some research you've done? I asked someone what a good budget would be and he said £20k, so that's my starting figure. I think his £20k was based on travelling to india, se asia and south america. Not sure if he's going to the developed world.

I want to travel to india again, possibly the middle east and central asia, and south america. I've no interest in going to australia, nz, canada or the USA (been there done that) - want to explore new cultures.

You are going to need a lot of research. There are many variables which need exploring which will determine your overall expenditure. First you must decide your priorities.


Which countries to stay in - each will vary considerably. e.g. European, North American, Australia, NZ, popular holiday destinations etc. will all be several times more expensive than say India, Nepal, Cambodia and such.
Pace of travel - how long to stay in each country
Mode of transport in country and between countries (fast or slow, comfort etc) The more frequently you change location, the more you spend. Plane, train, car, boat, taxi, bus, hitch, walk etc. etc.
Accommodation - again the type of accommodation, level of comfort will dictate price
Living expenses for each country - this will change between cities, towns and rural areas
Visiting tourist attractions, events, souvenirs
Socialising
Visas, local taxes, laundry, replacing shies, clothes etc.
Mobile phone charges
Upfront costs: vaccinations, travel and health insurances

Then plan contingencies and emergencies plus repatriation. Cost of living inflation is running high for everyday expenses, so bear this in mind and keep a healthy budget aside possibly as much as 20%.

£20k seems a tad light but is commensurate with the UK national living wage. By all means try to stick to this level, but have a contingency of another £10K or you will likely end up cutting your venture short.

You need to decide your priorities first.

No end of websites to help. Here's one:

https://www.earthtrekkers.com/how-much-does-it-cost-to-travel-around-the-world/

Hmm, good to know that £20k is light. I got lot of dosh lying around in an easy access ISA which I was going to fix for a year, but I might leave it in an easy access now so it's easily accessible. Btw, have you travelled recently, or are you saying it's light based on some research you've done? I asked someone what a good budget would be and he said £20k, so that's my starting figure. I think his £20k was based on travelling to india, se asia and south america. Not sure if he's going to the developed world.

I want to travel to india again, possibly the middle east and central asia, and south america. I've no interest in going to australia, nz, canada or the USA (been there done that) - want to explore new cultures.

Looks like we're on the same page regarding wanting to travel the whole world. I won't give you an exact amount. But I can assure you that you would need loads of financing.

Visit Bangladesh (even though you'll see the mess in most of the places), but you'll experience some amazing things you've never done in your life.

I went to india in jan and loved it so much! Holiday was too short though! I want to do a longer trip next time

Never really thought about bangladesh. Are you from there? What kind of amazing stuff can I see/do there?

Now for a helpful reply please? Have you travelled the world? What budget would you recommend?

Maybe if you mentioned the places you're planning on going to, I could be of more help? Going to Oman vs going to Tunisia is very different.

how so? what if I want to go to both? Both sound like super cool places tbh

Hi everyone,

I want to travel the world. I was just wondering how much money I would need? Would £20k be enough for a year or so?

Also, I want to try to make the trip longish. I don’t earn enough from stocks and interest to make it a perpetual trip yet. So I was wondering how would I earn some money whilst travelling to keep my adventure going?

If anyone has any advice let me know!

Right now I have two viable options that I can see: save up £20k more (top up savings) and then use that to travel and use the few k interest i’ll earn each year to top up my travels every year.

Or buy a flat in the next year and rent it out and work like a slave for the next year to save £20k and the flat will pay itself and i’ll be limited go whatever t he £20k does.

Or i could do some kind of hybrid of option 1 and work during travelling.

Any suggestions welcome!