Saving money can be hard to do, especially when there are so many souvenirs to buy! But the number one thing to ask yourself is:
“What is most valuable?”
For me it was TRAVEL!
Equally important to keep in mind:
“It’s okay that I’m broke abroad and probably will be when I get home…I have the rest of my life to get rich or die trying.”
No bills, no responsibilities, no worries….traveling young and broke is the best way to go!
And finally, the last thing you want to do is stress about finances. It’s your trip so spend what you need to to make it the best experience for you. If you want to eat that 2nd pastry in Paris, do it. You’ll always remember how happy you felt the day you ate two pastries in a row next to the Eiffel Tower!
So how to budget??? Honestly, I’m not the best one to ask. Finance is not my strong suit. But this approach has been working for me…
- Make a list of the places you want to visit and begin calculating the potential costs of each trip. This doesn’t mean plan in advance and book immediately. It just means get a general idea of the plane/hostel prices and how expensive things are in the country of choice.
- How much do I have?- Once you’ve done this, figure out how much you are making weekly and could potentially save by the end of your job.
- How much can I spend?- After you know how much you are making and have taken into account your spendings in your current city, you’ll know how much you realistically have to spend on trips.
It’s a hard skill to master and I’m still learning the best approach myself. But in the end it comes down to being as smart as possible with your money and deciding what is important to you.
For more budget advice, take a glimpse at the financial aspect of my trip.