Author Topic: Travel Budget - Post-Fire  (Read 1420 times)

WSUCoug1994

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Travel Budget - Post-Fire
« on: December 18, 2017, 02:48:36 PM »
I would give myself a 7/10 on travel hacking and until the Credit Card Industry takes this all away from me I am going to continue to take advantage of it.  As I am planning for my Post-Fire life I am struggling to figure out what a reasonable annual travel budget would look like.  In a perfect world our little family of 4ish (Myself, Wife and Daughter and working on a fourth) and we could spend 4-6 weeks a summer slow traveling the world.  Prices, duration, etc. will all change depending on when and where we go.  Since we haven't done any of this as a family I don't have much of a baseline. 

Any advice from those more experienced and further down the path on how to "budget" for this kind of travel?

Freedom17

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Re: Travel Budget - Post-Fire
« Reply #1 on: December 18, 2017, 04:59:23 PM »
Check out the rootofgood site. He does plenty of travel and lists all the costs in detail.



spartana

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Re: Travel Budget - Post-Fire
« Reply #2 on: December 18, 2017, 09:11:02 PM »
This thread is for nomadic budgets (gull or part time) but may have some useful info. Lots of journals in the journal section with have detailed breakdowns including travelling with kids. I just travel part time-ish in the US and camp so cheap

https://forum.mrmoneymustache.com/post-fire/nomadic-budgets/
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limeandpepper

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Re: Travel Budget - Post-Fire
« Reply #3 on: December 18, 2017, 09:47:19 PM »
As you say,

Prices, duration, etc. will all change depending on when and where we go.

So my answer to this...

Any advice from those more experienced and further down the path on how to "budget" for this kind of travel?

... would be to work out how much you can afford and are willing to spend, and draft out rough potential itineraries that can fit into that budget. There are plenty of websites and travel blogs etc. that can help you figure out how much things cost in various countries but aside from those, as a quick glimpse, I generally look at how much a decent guesthouse would cost on accommodation-booking platforms, and that is pretty good at giving me a general idea of the level of expenditure I can expect before I research on other costs.

HawkeyeNFO

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Re: Travel Budget - Post-Fire
« Reply #4 on: December 19, 2017, 08:57:56 AM »
Annual budget doesn't work for me.  I like to be somewhat spontaneous with the travel plans.  If a great travel deal comes along, I'll take it.  If I can't afford it, then I don't go. 

Best thing you can do is travel when everyone else is staying home.  Stay away from the crowds if possible.  The problem I have is that we have 3 kids in school still.

WSUCoug1994

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Re: Travel Budget - Post-Fire
« Reply #5 on: December 20, 2017, 08:04:09 AM »
I appreciate the advice everyone.  I will do a little more research.  Thank you.

asosharp

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Re: Travel Budget - Post-Fire
« Reply #6 on: January 08, 2018, 07:37:15 AM »
There's this couple who retired like 20 years ago and they've been travelling around the world living on a daily budget of something like $50 a day. I can't remember the name of the book though or the couple... I think the Mr Money Moustache blog refers to them. Back in the day the guy wrote a book about retiring early. They have a website which is sometimes updated with all their travels.

Sorry I can't remember their names but hopefully you might be able to find them online somehow through some Google magic.

bacchi

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Re: Travel Budget - Post-Fire
« Reply #7 on: January 08, 2018, 09:34:07 AM »
The Terhorsts. They retired at age ~35. I believe one of them was a Wall Street trader so they didn't go ERE style though they weren't dotcom insta-millionaires either.


spartana

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Re: Travel Budget - Post-Fire
« Reply #8 on: January 08, 2018, 10:34:45 AM »
The Terhorsts. They retired at age ~35. I believe one of them was a Wall Street trader so they didn't go ERE style though they weren't dotcom insta-millionaires either.
yep Vickie and Paul Terhorst but it was more like 30 years ago they retired. Wrote a book called "Cashing in on the American Dream: How to Retire at 35". Basicly got rid of everything and  became PTs (perpetual travellers) and lived fairly long term in various countries thru out the world. Rented nice homes, had some nice luxuries, but lived frugally. I read their book years after they wrote it (and also followed their website) and it was probably the biggest influence on my own ER life. I'm trying to stick to a $50/day travel/living expenses budget myself as a single person (so much cheaper per person if you have a partner) and think its highly doable even in the US.
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