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I’ll keep this short.
Context : I’m 19 and saving up for the next 5 years on a £20k salary at the moment which will rise up to 35/40 within the next 5 years.
Once I’ve saved up £50/60k I plan to use that to travel the world rather than buy a house which some may say is crazy but idc.
I’m going to over the next few weeks come up with all the places I want to visit and then give myself a more accurate budget with actual prices from providers and adjust those for inflation to help me save accordingly.
I will stay in each place for a week - 10 days on average, give or take and will fly / travel to the next country / region without returning home first.
Please give me your opinion on the following:
As a rough budget I’d say (rationale in brackets)
60 a night on accommodation. (Going rate for a decent hotel in uk / USA /au is £100 so i say 60 as an average as I’ll also be visiting cheaper countries.)
60x365= 22k
30 a day food (most days I’ll try to eat cheap I.e supermarket food. But I do want to eat out some days. This one is hard to calculate)
30x 365 = 11k
Flights - 300 (all flights one way with baggage allowance)
300 x 40 = 12k
National transport: (5k provision. As this is impossible to estimate)
5k
Spending money : (10k? I wanna do stuff like rent a car in USA maybe iceland aswell. Probablt most of this will be car rentals)
10k
Total: 60k
This is a very conservative but I think / would hope so
Your options and criticisms are very appreciated
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