Tips for Going on a World Trip Without a Big Savings Account (2024)

Often people think that you need a lot of money to travel. Don’t befooled by rich jetsetters on social media, they aren’t the only one that can travel. Even though you definitely need a little to get started, it’s not necessarily the case that you need to be filthy rich, win thelottery or have rich family members that fund everything you do. Trust us, going on a world trip without a big savings account is definitely possible. Because we did it too. We left with 6000 euros each and stayed abroad for 18 months in a row. But how did we travel for so long without a big savings account?

Last updated 2 November 2017.

Iunderstand thatnot everyone is able to traveland that it’s not always only because of money that you can’t travel.Furthermore, often you just really have different priorities in life that come before your dream of travelling the world. This post is for people that want to travel and think they can’t because theyaren’t rich.

Before you go: Make travel your goal and start saving

OK, now that you know that you don’t need a big savings account to travel, we do have to tell you that of course you need some money in the bank. Yes sorry, we still recommend you to have saved up a little bit before you go. You can try to go completely without money, but it’s better to have a bit to get started (you at least need to buy a ticket, right?).

So start saving to travel. Make travelling your priority. Don’t spend it on shopping for clothes, going out for dinner or going out for drinks. If you do need new clothes, go to second hand store. If you really want to do something fun with friends, meet up at home or just have one drink. Yes, it sucks. However, sometimes if you really want something, you need to make sacrifices.

If you really want to travel, make it your goal.Make a calculation on how much you need each month during your travels: at least for the first two or three months. Write everything down; the amount you want for your trip and calculate how much money you can put aside each month while you work.

For more advice read our post10 Tips on How To Save Money for Travel Without a High Paying Job.

Book your ticket well up front

We usually use Skyscanner to book our flights, and try to do that as far ahead as possible. But definitely also check other search engines, such as Momondo. As soon as you’re thinking of travelling, just start browsing for flights. If you book tickets well up front, it’ll be a lot cheaper than if you’re booking a flight last minute!

Also, keep an eye out for deals. Sign up for mailing lists and alerts of airlines and Skyscanner.

Work during your travels

The reason you don’t need a lot of money to travel long term is because you can also work while you are abroad. There are so many options! Think of teaching, hospitality, work as a nanny or au pair, farm work, freelance work, seasonal work such as a ski instructor and much more.

In a lot of countries you can get a holiday working visa. The requirements are different for each country and also depends on where you’re from.

Different Programs for Working Abroad

Nowadays there are a lot of initiatives for travelling and working abroad. We haven’t used any programs ourselves, because we applied directly for jobs. You can do this too and we’ll discuss this next.

But perhaps you would like some help with getting a job. We did some research and found programs that help you with this. For instance, take a look on the website of Global Work & Travel or on the website of Interexchange. You can find all sorts of jobs here, from volunteer work to teaching, and from being an Au Pair to internships. These initiatives are useful when you don’t really know how to get a job abroad, and help you to get a place to live.

Search for a Job Yourself

Not only may it be that you are not interested in hiring an agency to arrange a job abroad, you may also think these kind of programs are a bit limited in possibilities with travelling. You may not want housing and a steady job. In short, this may just not be the thing for you.Well, then it is best to search for a job yourself. When you are travelling and you notice you’re running out of money, start looking for a job. Talk to other travellers or locals. Let them know you need a job, if they know anything or ask for advice.

Search for jobs online. Google is your best friend. This search engine for jobs overseas is also very useful. Also if you’re thinking of becoming an au pair, Au Pair World may be useful for you!

Go on Facebook and look for special Facebook groups. For instance, we’re connected to the Backpacker Jobs in Australia. People are posting all sorts of job openings here and a lot of other relevant tips as well.

Don’t spend a lot of money when travelling

If you want to spend more time travelling than working, make sure you don’t spend your money on unnecessary things. We are planning to travel in a camper through Australia. Although this is a big pile of money we have to spent in one time, it saves us a lot of money on accommodation and travel costs later on.

Buy groceries and make your own meals

This isn’t necessary if you’re travelling in most Asian countries. When we were travelling in Southeast Asia we could go out for breakfast, lunch and dinner with a budget of 30 euros per person. But if you’re planning on travelling in more expensive places, such as Australia, it really helps if you make your own breakfast, lunch and dinner.

Choose cheap or free accommodation

This is an obvious tip, but always choose reasonably prices accommodations. Look for great hostels or check Airbnb. It really depends on the destination, but for instance in most Asian countries you don’t even need to stay in a hostel to get a decent price. Often hotels are very affordable.

It’s even possible to find free accommodation in some places. Think about couch surfing or house sitting. Be sure to check out our article on how to become a house sitter for more information.

Volunteer in exchange for food and accommodation

It’s also possible to work in exchange for food and accommodation and not for money. For instance, check Workaway.infoor WWOOFto find such opportunities. Of course this is a great way to explore a certain place and keep your money in your pocket.

Interesting books on Budget Travel

Get inspired by popular and praised books on budget travel! Sometimes other people can inspire you to finally take that leap of faith. Check out our post with5 Best Budget Travel Books.

It’s definitely possible to goon a world trip without a big savings account. It’s might not be superluxurious, but you will have the time of your life.

Disclaimer: This post contains affiliate links. This means we get compensation if you purchase the product, because we referred you to it. Using our referral link doesn’t cost you any extra money, but it does help usimprove this website. All opinions in this article are honest and our own.

Tips for Going on a World Trip Without a Big Savings Account (2024)

FAQs

Tips for Going on a World Trip Without a Big Savings Account? ›

Estimated transportation costs: The truth is that there is no limit on how much a luxury traveler can spend during a trip around the world. We've estimated that the luxury traveler would spend around $15,000 to $20,000 on travel during their journey, but they could go well beyond that if they wanted to.

How much money do I need to save to travel the world? ›

Estimated transportation costs: The truth is that there is no limit on how much a luxury traveler can spend during a trip around the world. We've estimated that the luxury traveler would spend around $15,000 to $20,000 on travel during their journey, but they could go well beyond that if they wanted to.

Can you travel the world with little money? ›

Luckily, it is possible, and many people have traveled the world on minimal budgets. There's no reason why you can't do the same. The goal here is not to burn through much of your savings which can sit tight in a cash ISA. Undoubtedly, you will have to dip into your savings pot at some point.

How can I travel a lot with little money? ›

22 Ways to Travel More—Even On a Small Budget
  1. Take shorter trips more often.
  2. Take advantage of long weekends and holidays...
  3. 3. ... And shoulder seasons...
  4. 4. ... ...
  5. Go where—and when—the deals dictate.
  6. Prioritize inexpensive destinations.
  7. Work remotely when possible.
  8. Examine your prioritizes and eliminate expenses.
Sep 19, 2023

How do I travel if I have no money? ›

Food samples, local festivals, and complimentary walking tours serve as steadfast companions for anyone willing to travel with no money at all. These resources prove invaluable when striving to explore the world on a budget, facilitating cultural immersion even in the absence of substantial funds.

Is $20000 enough to travel the world? ›

Perhaps the easiest way to figure out your budget is to work backward and figure out how much will it cost per day. Several popular travel blogs, such as A Little Adrift, Never Ending Footsteps, and Earth Trekkers, all agree that a baseline of $20,000 per person for one year is doable.

Is 100k enough to travel the world? ›

Cynthia Matthews von Berg, founder of the travel blog Sharing the Wander who is currently traveling the world, recommends saving $100,000 to travel the year as a family of four. “This should be more than you need if you are careful, but it allows you a cushion,” she said.

Can I travel with $1,000 cash? ›

People often ask: How much cash can you carry on a plane for a domestic or international flight? The short answer is “there is no limit to how much cash you can bring to the airport for a domestic or intentional flight.

What is the best form of money to travel with? ›

Stick to credit cards

One way to stay financially safe while traveling is to use credit cards. They come with zero liability protection in case your card is stolen or compromised, as well as other consumer protections.

How much cash should I have when traveling? ›

A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling. As with all things, research is your friend here. Understand where you're travelling and what the local customs regarding cash are.

How can I travel internationally without cash? ›

We have found that the best way to access cash overseas is by using plastic; in the case of our teen travelers, we recommend that they use a pre-paid debit card or an ATM card linked to a checking account. This allows international travelers to withdraw local currency from ATMs in their destination.

How to get overseas with no money? ›

8 Ways to Move Out of the US with No Money
  1. Move to a Country Nearby. ...
  2. Find Jobs that Include Accommodation. ...
  3. Try Workaway or Trusted Housesitters. ...
  4. Find Resort Work & Seasonal Jobs. ...
  5. Work at Summer Camps. ...
  6. Teach Abroad. ...
  7. Become an Au Pair. ...
  8. Work in a Hostel.
May 17, 2024

What to do if you want to travel the world? ›

Here are some tips to help you get started on your globetrotting adventure:
  1. Set a goal. Before you start planning your trip, figure out what you want to accomplish. ...
  2. Plan your itinerary. ...
  3. Book your flights and accommodations. ...
  4. Get organised. ...
  5. Visa requirements.
Dec 15, 2022

How much money is needed to save the world? ›

Estimates of how much money it would take to end global climate change range between $300 billion and $50 trillion over the next two decades.

How much money do I need to buy the world? ›

Now, as Treehugger reports, one scientist has developed a special formula that allows us to do just that. According to calculations made in 2020 by Dr. Greg Laughlin, now a professor of astronomy at Yale University, Earth is worth roughly $5 quadrillion (or $5,000,000,000,000,000).

How much money do I need to travel the world for 6 months? ›

Just take that $20,000 and divide it by 12 months to set your monthly savings goal. You'll need to save a bit more than $1,600 each month to make that happen. Or, if you're looking to travel for 6 months, you'll need about $10,000, which means you'll need to save just over $800 a month for a year to achieve your goal.

How much money do you need to full time travel? ›

Average travel costs: $4,000 per month

Karpitskaya said she doesn't want these costs to scare people because they spent far less in the beginning. At the time, they spent about 80-100% of their income, but now Tyminas said “we spend about 30% and … save the rest.”

Top Articles
Latest Posts
Article information

Author: Catherine Tremblay

Last Updated:

Views: 6690

Rating: 4.7 / 5 (67 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Catherine Tremblay

Birthday: 1999-09-23

Address: Suite 461 73643 Sherril Loaf, Dickinsonland, AZ 47941-2379

Phone: +2678139151039

Job: International Administration Supervisor

Hobby: Dowsing, Snowboarding, Rowing, Beekeeping, Calligraphy, Shooting, Air sports

Introduction: My name is Catherine Tremblay, I am a precious, perfect, tasty, enthusiastic, inexpensive, vast, kind person who loves writing and wants to share my knowledge and understanding with you.