Yesterday, Robb and David talked about their strategies for saving up money for their various trips around the globe.
Today, we talk about how they’re saving money on their current, open-ended trip. We discuss their $50 dollar a day budget, how they manage their money while on the road, and how flexibility plays into it, both for better and for worse.
These guys make Heather and I look like we frivolously throw our money around (despite our loose budgeting strategies)! We’ve learned a lot from them over the past couple of weeks, and hopefully, you’ll learn something new as well!
Click here to download this episode directly
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In This Episode:
- 03:25 Frequent Flyer Miles
- 08:30 Selling all your stuff.
- 12:30 Budgeting your Trip
- 16:00 The single most important thing
- 24:00 What’s been the most expensive part of the trip.
- 29:22 Saving money on accommodations
- 34:40 The zen of flexibility.
- 38:45 Make a choice. Always make it a choice.
- and much more!
Links Discussed in This Episode:
- EPoP 114: TravPacking – Finding Your Travel Sweet Spot
- The Vegetarian Festival is Not What You Think
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Thailand really is that cheap, depending on a couple of things. One is how much you drink, because alcohol is a big budget buster. The second is how often you need to eat western-style food. Pretty much anywhere in Thailand you can find local food for $1-2 a meal. Sometimes that is amazing khao soi or pad thai, and sometimes it is a bland mystery meat and noodles. But as soon as you start looking at Western food the prices jump to $5-10 a meal. Still not a killer on its own, but over time it really eats into your budget as well.
@Robb- What I’m realizing is just how cheap Thailand is. When we just did our “Is Bali Really That Cheap” episode, most of the sentiments were “Yes, but not as cheap as Thailand.” Chiang Mai really is the cheapest place overall I’ve been to…and oh, that khao soi!
Loved the episode! Awesome insight into the travellers’ mindset… and further proof that Thailand and Chiang Mai in particular really IS that cheap :)
@chuck- Yeah, I loved this episode too, and it’s always great to do it in person. And yep, CM is haven for long term travelers for a reason – super cheap, great food, fun, and good internet!
Thanks again Trav, we had a great time recording this, and it was fun to go back and listen to it. What a fun medium! Plus it is just fun to be part of a community that you can admit how big of a dork you are to, and then they still like you anyway. Yay travel nerds!
@Robb- That’s the best part…admitting you are a total nerd and having people actually like you for it!
Very useful. I have traveled a lot before, but I want to turn it into a long term thing instead of a couple of trips per year. I will definitely use this a lot.
@Fabiana- Yeah, Robb and David are experts at turning it in to a long term thing, so they have some awesome advice.
Doing it long term is the way to go if you can figure out how to get the time away from your “regular” life. It just gives you such a better vantage point to go deep and get to feel a part of the places you go instead of just blowing through for a week. My absolute favorite thing to do is find the local grocery stores, it is always so interesting! Plus, long term travel is SO MUCH CHEAPER.
@Robb- Couldn’t agree more. I want to do a “weird quirks of traveling” podcast, and one of my tops things will be visiting grocery stores. I love it!
The nittiest of nit picks here: the link to the blog above goes to http://www.extrapackofpeanuts.com/travel-the-world-for-50-dollars-a-day/www.tendegreeswarmer.com, not http://www.tendegreeswarmer.com .
@Iaian Bryson- Thanks so much for letting me know…changed it!
Thanks for having my back Iain. Clearly I was too lazy to check for myself. lol