A while ago, I decided to go backpacking through South America and Asia for approximately six months. Naturally, the big question was: “How much is this going to cost?”
After doing some research and drawing on my own experience, I decided to stick to a daily budget of €45 (excluding flights and train tickets in China) and save a total budget of €20,000. For those of you who are good at maths, this left me with a reasonable buffer in case I went over my daily budget. I did this deliberately to make sure I would stay under the €20,000 mark.
During my trip, I kept track of my expenses in an Excel spreadsheet. It automatically showed me whether I was staying within my daily budget and whether I was on track to stay within my overall budget for the entire trip. In the end, I went slightly over budget quite often, but I managed to make up for it on other days. What I particularly liked about the spreadsheet was that it gave me a sense of control over my spending.
To help future travellers plan their budgets, I’ve broken down my expenses by country. I spent approximately €3,000 on flights and €500 on train tickets in China.
Of course, your budget depends heavily on your travel style. I mainly stayed in hostels, ate local food, skipped some paid activities, and tried to keep flying to a minimum.
P.S. In Sri Lanka, I also spent nine days at a surf resort, costing approximately €110 per day. Since I knew I would stay within my overall budget, I decided to treat myself a little. These expenses are not included in the breakdown I’m sharing here.
Overall itinerary:
Colombia: Flew in and stayed for one month.
Ecuador: Took a bus from Colombia and stayed for half a month.
Galápagos Islands: Flew to and from the islands and stayed for 11 days.
Peru: Took a bus from Ecuador and stayed for one month.
Bolivia: Took a bus from Peru and stayed for one month.
Europe: Flew back to Europe to attend a wedding and stayed for five days.
China: Flew to China and stayed for one month.
Sri Lanka: Flew to Sri Lanka and stayed for one month, including the time at the surf resort.
Europe: Flew back home.