I Spent $34,563.38 on Travel Over 18 Months: My Budget Breakdown


In 2022 I quit my job to fulfill my lifelong dream of traveling the world full time for a year and a half. My trip through 12 countries in Asia and six in South America cost exactly $34,563.38.

i remained pedantic about one thing from start to finish: I tracked every penny I spent, from a $600 flight to a 50-cent bathroom trip.

I averaged about $1,920 a month, which is about my typical monthly budget to live large sparingly in LA and before that in New York. To make ends meet and save for my trip, I rented in uncool parts of town and lived with roommates in small quarters for five years. I ate out a few times a week and only made coffee at home unless I was working from a coffee shop.

Here’s everything I spent my 18 months in South America and Asia, broken down by category.

Pre-trip supplies: $531, or about 1.5% of the budget

This category includes the survival essentials I stocked up on before the trip, such as a suitcase, packing cubes, cargo pants, hiking boots, and water shoes.

In retrospect, I should have focused on packing items that can’t be easily found elsewhere, like my favorite brand of mosquito repellent, instead of items that I could easily buy overseas. I regretted, for example, that I was weighed down by the dead weight of too many clothes that I had to lug into cars and planes around the world.

Siem Reap, Cambodia

Helen Zhao

Accommodation: $10,635.06 or about 31% of the budget

I could only spend $5 to $15 for a hostel bed, but I craved the comfort of my own space at the end of a long day of exploring. I averaged $20 to $25 a night for my own room in a comfortable, mid-range hotel, usually with breakfast.

I thought it was a great value at that price, included Hotel Chandy in Bali, Indonesia; Central Villa Hoi An in Hoi An, Vietnam; and Residence S2 in Krabi, Thailand.

There were also deviations. For example, I only paid $9 a night for a hotel of similar quality a block from the beachin Danang, Vietnam.

Hotels of similar quality cost closer to $50 to $100 per night in the major centers of Brazil, China, Korea, Japan and Singapore. Luckily my mom or husband joined me in all of these places except Brazil and we split the bill.

Transportation: $8,074.67, or about 23% of the budget

Flights: $4,885.14

Ground transport: $3,189.53

During my trip, I took 40 flights in economy class with checked baggage. There were plenty of options to get a night bus for a quarter to half the price. But I hated the idea of ​​sleeping on a bus, using the bus toilets, or driving on narrow winding roads in the dark.

Flights within countries usually cost between US$50 and US$100, and twice as much for flights within very large countries such as China or Brazil. Flights between neighboring countries cost me $100 to $200. Flights between non-neighboring countries cost me from $100 to $300. The furthest distance I traveled was from Osaka, Japan to Kuala Lumpur, Malaysia and it cost me $140.28.

I also used about 200,000 credit card miles to cover some of my flights.

When I wasn’t flying, I was driving buses, vans or bullet trains. A three- to seven-hour bus and van ride cost me $10 to $20. The bullet train the roughly 860 miles from Xi’an to Shanghai in China cost me $94. A two-week unlimited bullet train pass in Japan cost me $224.

I used a lot of ride sharing services that often cost only $1 or $2 for a two or three mile ride on a motorcycle.

With his mother in the Vietnamese countryside.

Courtesy of Helen Zhao

Food and Beverage: $7,078.36, or about 20.5% of the budget

coffee: $411.05

Alcohol: $557.95

Everything else: $6,109.36

Apart from a few salads I made in Japan, I have never prepared my own food. Half the time breakfast was included at my hotel. Otherwise, I usually ate at charming or trendy mid-range restaurants, as well as lively night markets.

My favorite places to visit are included Temple Coffee in Phnom Penh, Cambodia and Milu from Nook in Bali. I usually paid $7 to $10 for an appetizer and a soft drink. Food at low-key places or night markets where lots of locals eat usually cost me $2.50 to $6. Treats at the night market cost about $1 per serving.

I tried fine cuisine several times, paying as little as $12 for lunch and $22 for dinner for fancy multi-course meals in Bolivia.

I often ordered fancy lattes at trendy coffee shops for around $2. I was surprised to learn that my iced latte habit only added up to $411 in 18 months.

I drank alcohol about once a week, paying about $5 in mid-range restaurants and bars and $10 to $12 in the most expensive establishments.

Sightseeing: $2,567.24, or about 7.5% of the budget

Patagonia

Courtesy of Helen Zhao

Health: $1988.54 or about 6% of the budget

I spent $1263.72 on health insurance of the passengerwhich will cover up to $100,000 in expenses in the event of an accident or illness. This insurance came in handy when I had one case of food poisoning and one very bad case of Covid.

I paid $563 for travel vaccines, including yellow fever, typhoid, hepatitis A, and Japanese encephalitis. The latter would have cost $400 to $500 in the US, according to my research, but I only paid $58 in Bangkok.

After losing my retainers in Vietnam, I had them redone in Korea for about $150.

Discretionary shopping: $1927.01 or about 5.5% of the budget

Clothes: $1048.24

Souvenirs: $216.86

gifts: $661.91

I shopped mostly at hole-in-the-wall boutiques or street vendors where there are no price tags and it’s all about haggling. To avoid overpaying, I stopped buying right away and kept in mind that the competition is often on my side.

I inquired about prices with multiple suppliers. This process helped me figure out the lowest acceptable price or the last price I was offered before the sellers let me go.

That’s how I found out I was getting a good deal on custom made Vietnamese silk dresses in Hoi An. After asking around, I ended up paying $34 per dress and left Vietnam with $14.

Sometimes I bought things on the spot when I thought the price seemed very reasonable. I didn’t mind if the seller made a few extra bucks because I still felt like it was a great deal and the money would mean more to them than to me.

Rio de Janeiro, Brazil

Helen Zhao

Visas: $847.54, or about 2.5% of the budget

For the most part, as a US citizen, I didn’t need a visa or pay for visas on arrival. They usually cost around $30 to $40.

However, there were deviations. The China visa cost me $205 in application and printing fees and the Bolivia visa cost $160. I was surprised to learn of this requirement two hours before we reached the border from Peru and rushed to collect the necessary documents prior to arrival.

Personal Care: $745.57, or about 2% of the budget

I occasionally indulged in luxuries that I almost never spent money on in the US, where I often feel like I can’t justify the expense. I have a gel manicure for about $15 and a massage for $5 to $10. I took yoga and meditation classes at beautiful facilities in Bali that cost $10 each. Haircuts cost about $8. I also regularly stocked up on toiletries, sunscreen, and mosquito repellent.

Tokyo

Courtesy of Helen Zhao

Entertainment: $168.40, or about 0.5% of the budget

This includes fun escapist activities that are not considered sightseeing or cultural experiences. This included entrance fees to the few nightclubs I visited, arcade games, a Spotify music subscription, and hookah with friends.

I’m surprised how little I actually spent on escapism. You can party hard very affordably with other tourists in Southeast Asia and South America, especially when staying in hostels. In my early to mid 20s I would have jumped at the chance, but in my early 30s I didn’t feel drawn to it.

#1 Thing I Got For My $35,000: “Remind Me How Rich I Am”

Abroad, I lived extremely comfortably on about $1,920 a month – more than the average tourist I met. I’ve never cooked for myself, ordered a fancy iced latte on the regular, and splurged on 14 custom-made silk dresses in one week.

I had become very jaded living in expensive coastal American cities, feeling like I could never to afford a house or children and I constantly compare myself to people who have more than me. I felt poor, like I never had enough and never did enough.

Track my expenses showed me that I have enormous purchasing power in most of the world. I am not a helpless victim of inflation and the skyrocketing cost of living in the US. I am actually extremely privileged and lucky.

The experience helped me move from a scarcity and helplessness mentality to abundance and gratitude. Remind me how rich I am and how much I have to be thankful for. It helped me realize that I have – and am – more than enough.

Helen Zhao is a former video producer and writer at CNBC. Before joining CNBC as a news contributor, she covered residential real estate for the LA Business Journal. She is a California native and proud USC Trojan and UCLA Bruin.

Want to make extra money outside of your day job? Sign up for CNBC’s online course How to earn passive income online to learn about common passive income streams, tips on how to get started, and real-life success stories.

We bought an oceanfront home for $212K in Laguna Beach, CA




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2024-12-21 16:17:14

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