Exploring The Globe On A $20,000 Budget: Is It Possible?

Traveling the world for a year on $20,000 is possible, but it requires careful planning and budgeting. This amount of money can last longer in some countries and regions than in others, so choosing your destinations wisely is essential.

For example, $20,000 can last a month in Europe or a few months in India. Additionally, having no debt, working while traveling, and saving money beforehand can help make your $20,000 go further.

Some ways to save money while traveling include volunteering, using work exchange programs, staying in Airbnbs or hostels, cooking your own meals, and utilizing public transportation or walking.

With careful planning and budgeting, it is possible to turn your dream of traveling the world into a reality, even on a limited budget.

It's possible to travel the world for a year on $20,000

It is possible to travel the world for a year on $20,000, and it can be an incredible, life-changing experience. This amount of money can allow you to see stunning views, experience new cultures, and create unforgettable memories. Here are some tips and insights to help you make the most of your $20,000 and have a memorable trip around the world.

Plan and Save

It is essential to plan and save meticulously. Having a clear idea of your financial situation and goals is crucial. This includes understanding your spending habits, creating a savings regimen, and prioritizing your values and how you want to spend your money. For example, you may choose to focus on South Asia and Eastern European countries, where airfare and transportation tend to be cheaper.

Consider Your Accommodations

Accommodations can vary widely in price, and it is possible to find great deals. In some places, like Thailand, you can score a four-star hotel for $30-$40 per night. Alternatively, you can opt for cheaper options, such as hostels or rental apartments, which can provide more extended stays at a lower cost. For instance, in Belgrade and Sarajevo, you can find trendy one-bedroom flats for around $250 per week.

Transportation Costs

When it comes to transportation, walking is often the cheapest option, and many cities are made for exploring on foot. However, in some cases, you may need to use public transportation or taxis. In Budapest, for instance, a week-long public transportation pass is recommended due to the city's vast size. Additionally, consider the cost of flights between countries or regions, as these can add up quickly.

Food and Entertainment

The cost of food and entertainment can vary greatly depending on your location and preferences. In cheaper geographies, like India, you can find delicious meals for around $2 per meal, while in more expensive places, like Europe, meals can cost upwards of $15. Entertainment costs can also vary, from $1 entrance fees to clubs in Berlin to $100 for a festival ticket. It's important to balance your spending and decide where you want to splurge and where you can save.

Work and Earn

If you're looking to extend your trip or earn some extra spending money, consider working while travelling. Freelance work or remote career opportunities can provide a steady income stream. Additionally, volunteering or using platforms like Workaway can help reduce expenses, as you can exchange your time and skills for food and accommodation.

Be Flexible and Adaptable

Remember that your plans may change, and unexpected expenses may arise. It's essential to be flexible and adaptable. You might find that your initial budget needs adjustment, or you may discover new places and experiences that you want to include in your trip. Go with the flow, and make the most of your time on the road.

In conclusion, travelling the world for a year on $20,000 is achievable with careful planning, flexibility, and an understanding of your financial situation and priorities. This journey can provide you with invaluable experiences, memories, and a deeper connection to the world.

You can save money by visiting developing countries

Southeast Asia is a very cheap area to visit, filled with art, history, delicious food, religious architecture, and breathtaking natural landscapes. Here are some of the cheapest countries to visit in this region:

Cambodia

A hostel in Cambodia can cost as little as $4 USD per night, and you can get a full meal for $1 USD. Top things to do in Cambodia include visiting the magnificent ancient Khmer temples in Siem Reap and touring the museums and palaces in the capital city of Phnom Penh.

Laos

Entry fees to the best attractions in Laos usually only cost $1 or $2 USD, and many people can successfully travel around Laos for less than $30 USD per day. From the islands of the Mekong Delta to the stunning waterfalls of the interior, Laos is one of the few countries in the world that hasn’t lost its natural beauty to sprawling development.

Vietnam

As one of the best countries in the world for street food, you can indulge in a wide variety of local dishes and barely spend more than a couple of USD. Accommodation and transportation are also very affordable.

Indonesia

Indonesia is composed of thousands of islands. It offers cultural diversity and natural beauty. You can visit the popular island of Bali, or head to quieter tourist islands such as Lombok, Java, or Sumbawa. Once you find a nice place and stick to it, you can eat delicious, flavorful local food and stay in fun hostels or guesthouses for $20-30 USD per day in total.

Nepal

Nepal has something for everyone: from the snowy peaks of the Himalayas to peaceful Buddhist temples and lush green nature parks. Backpackers can spend as little as $20-30 USD a day in total for a bed for the night, transport, attraction prices, and food. Hostel beds are as cheap as $3 in Kathmandu or Pokhara, and budget guesthouses are $5-$6 for a double room.

Philippines

The Philippines offers pretty much everything: cities, mountains, and beaches. Meals in carinderias (native restaurants) can cost around $2 USD per person or about $6-10 USD in a fine dining setting. As the Philippines is an archipelago, expect a lot of boat trips that can start at $10 USD per way, depending on the type of accommodation and destination.

India

India is an excellent destination for backpackers and tourists looking for one of the cheapest places to visit. You can stay for a long time on a minimum budget. Food in India is also cheap. For just a few dollars, you can taste many different dishes. India is perfect for backpackers because you can experience all of this by spending very little money.

Thailand

Thailand is one of the cheapest countries to visit on a budget. Visitors can see everything from jungles to temples, white beaches, and striking blue water. For the super-budget traveler, it’s possible to find basic dorm accommodation for as little as $4 USD. Mid-range accommodation can be found for around $30 USD, in some places, much less. Local transport can be as little as just a few Baht, depending on how you are getting around.

You don't have to stay in hostels

Hostels are a great way to meet people and save money while travelling, but they're not for everyone. If you're looking for more privacy and comfort, there are other options to consider. Here are some alternatives to hostels that can make your $20,000 go further as you travel the world:

Hotels

Hotels offer more privacy and better sleep quality than hostels, but they can be more expensive. However, if you're travelling solo, a single room in a budget hotel can be more affordable than a hostel dorm. Look for hotels with social spaces like bars or cafes, where you can still meet other travellers.

Airbnb

Airbnb has become a popular alternative to hotels and hostels. You can find entire apartments or houses to rent, often at a lower cost than a hotel room. Airbnb prices have been increasing, but they can still be a good option, especially if you're travelling with a group and can split the cost.

Couchsurfing

Couchsurfing is a great way to save money and experience local hospitality. You can stay with hosts for free, either in a spare room or on their couch, as the name suggests. It's a chance to make new friends and gain insider knowledge about your destination. However, be sure to prioritise your safety and always meet in public first.

Guesthouses

Guesthouses are similar to bed and breakfasts, often family-run and offering a more personal experience than hotels. They usually provide a private room and may include meals or other amenities. Guesthouses vary widely in price and quality, so be sure to read reviews before booking.

Camping

If you're an outdoorsy type, consider camping as a cheap and adventurous alternative to traditional accommodation. You can rent or buy camping gear, depending on your travel plans and budget. Camping allows you to connect with nature and explore off-the-beaten-path destinations. Just be sure to choose safe and legal camping spots.

House-sitting

House-sitting is a unique way to experience a new place while also saving on accommodation costs. You get to stay in someone's home for free in exchange for taking care of their property and, sometimes, their pets. It's a great option if you want more privacy and the comforts of home. Websites like TrustedHousesitters and Nomador offer house-sitting opportunities worldwide.

So, while hostels can be a budget-friendly and social option for travellers, they are not your only choice. By mixing and matching different types of accommodation, you can create a travel experience that suits your preferences and budget.

Happy travels!

Buy a local SIM card to avoid roaming charges

When travelling the world, roaming charges can quickly add up. To avoid these, it's a good idea to buy a local SIM card. This will give you a local phone number and access to data, calls and texts at domestic rates.

Firstly, you'll need to make sure your phone is unlocked. Locked phones require you to use a SIM card from your carrier, whereas a global, unlocked phone will allow you to switch out SIM cards from different companies. You can ask your carrier to unlock your phone, or buy an unlocked phone specifically for travel.

Local SIM cards are usually available at the airport, phone carrier stores, or small convenience shops. They are typically valid for 30 days and cost between $10 and $30.

If you have an unlocked phone, you can simply swap out your regular SIM for a local one. You'll then be able to make calls, send texts, and use data without incurring roaming charges.

However, it's important to note that you'll need to keep track of multiple SIM cards while travelling, and ensure you have the correct SIM card size for your device.

Alternatively, you can use an eSIM, which is a digital SIM that can be purchased and installed from anywhere. eSIMs are built into your device during manufacturing and can be managed entirely online.

Sometimes it's worth splurging on experiences

While $20,000 can be enough to travel the world for a year, it's important to consider what kind of experiences you want to have. Sometimes, it's worth splurging on experiences that will create lasting memories. Here are some reasons why it's worth spending a little extra on certain experiences while travelling:

Enhancing Your Comfort:

While travelling on a budget often involves sacrificing comfort, there are times when it's worth spending a little extra to enhance your comfort. For example, upgrading to a private room or a higher-rated hotel can provide a more relaxing and enjoyable stay, especially after a long day of exploring. A comfortable and restful night's sleep can make all the difference in your travel experience.

Indulging in Unique Activities:

Some activities or experiences are truly once-in-a-lifetime opportunities. For instance, a sightseeing tour in Sarajevo, a road trip from Slovenia to Italy, or a cruise on the Bosphorus Strait in Istanbul are mentioned as being worth the extra expense. These experiences can offer unparalleled views, cultural insights, or unforgettable memories that will last long after your trip is over.

Convenience and Efficiency:

In some cases, spending a little extra can buy you convenience and efficiency. For example, a week-long public transportation pass in a large city like Budapest can save you time and hassle, allowing you to make the most of your stay. Similarly, taking a cab or a private car for a long-distance journey can be more comfortable and time-saving than taking a bus or train.

Supporting Local Businesses:

When you spend a little extra on local experiences, you're often supporting local businesses and contributing to the local economy. Whether it's staying in a locally-owned guesthouse, dining at a family-run restaurant, or shopping at a local market, your money can make a direct impact on the community. This aspect of responsible tourism can enhance your connection to the places you visit.

Creating Memorable Dining Experiences:

Food is a significant part of cultural exploration when travelling. While street food and budget-friendly meals are great, sometimes it's worth splurging on a fine dining experience or a meal at a renowned restaurant. These culinary experiences can introduce you to new flavours, techniques, and ingredients, becoming highlights of your trip.

Gaining New Perspectives:

Certain experiences can offer you a unique perspective or a deeper understanding of a place and its culture. For example, a cruise on the Adriatic coast or a sightseeing tour in Sarajevo can provide breathtaking views and a different outlook on the city. These experiences can add a layer of richness and depth to your travel memories.

In conclusion, while travelling on a budget is important, it's also essential to recognize that some experiences are worth the extra expense. By splurging on certain activities, accommodations, or dining experiences, you can create lasting memories, gain new perspectives, and enhance your overall travel journey. After all, travelling is about collecting moments and experiences that will stay with you long after the trip is over.

Frequently asked questions