9 Ways That Long Term Travel is Cheaper Than You ThinkMoney
There’s a flaw in the way that non-long term travelers calculate the potential cost of long term travel: they make an inherent assumption that their two week vacation is how much it costs to travel for two weeks, and then conclude that spending at that level for an entire three months/six months/year/lifetime is obviously impossible, therefore long term travel isn’t possible.
We should know: we used to be those people, back when we thought that our long term travel dreams would have to wait until wrinkles, gray hair, and ready-to-retire amounts of savings showed up in our lives.
But here’s the thing about long term travel: far from costing as much as however many two week vacations strung together, it’s actually often cheaper than staying home. And even better? The longer you do it, the cheaper it gets.
We’re closing in on one year of being nomads soon, and when we run the numbers, I am 100% confident that the amount we spent will be well under how much we would have spent by continuing our 8-5 grind in San Antonio.
Sound like an interesting paradox? Here are nine ways that long term travel is cheaper than you think:
1. You don’t have any bills.
Our budget consists of four main categories these days: food, shelter, entertainment, and miscellaneous. We also have a travel insurance policy with World Nomads that we maintain… but that’s it.
Here’s a short, incomplete list of all the things we don’t pay directly for: rent/mortgage, property taxes, HOA fees, utilities, internet, cell phones, business clothes, some toiletries (toilet paper/soap etc.), gym memberships, car insurance, gas, and car registration.
2. The actual traveling is what makes travel expensive.
Planes, trains, buses–these are the things that cost the most money when traveling. If you buy a $500 roundtrip plane ticket for a two week trip, that’s a large cost per day of traveling. If you buy two $300 plane tickets four months apart? Suddenly, the cost per day isn’t nearly as high.
3. You control how much it costs to live.
If you have a job and a mortgage in one location, your cost of living is inherently tied to that place. When traveling, though, you have complete control over how much it costs to live: if France is getting pricey, go to Romania. If you want to cut your budget dramatically, plan on a few months in Southeast Asia or Central America.
This gets even more interesting when you start making money to travel while you’re already traveling–sustaining yourself on the road indefinitely often isn’t as far away as you think!
4. You won’t go on excursions every day.
You know all those cliches about wanting to go to Paris and sit in a cafe all afternoon sipping coffee, or wandering the streets of a city aimlessly until you find a favorite street food stall and return there every day, or spending a whole day just staring out at a beautiful sea while reading a book?
Here’s the thing: if you’re anything like our former, short-term traveling selves, or most other short term travelers we’ve met, those things don’t end up happening on a one or two week trip. It’s hard to justify flying across the world to basically enjoy the art of nothingness when excursions and activities are calling from every direction.
You know when those things happen? On long term trips, when you slow down, and get tired of going somewhere specific every day.
You know what else those activities are? Cheap.
5. You find better travel deals.
When booking a one week trip, the idea of maybe losing 6-8 hours waiting on a slow bus that you can’t find the exact schedule for online would impact your trip dramatically–so you book a private airport transfer in advance and call it good.
It’s a completely justifiable decision… that is almost always exorbitantly expensive to the tune of a possible a 500% upcharge, and I’m not remotely exaggerating.
By being on the ground, you’ll not only have a chance to find transportation, lodging, and excursions at deep discounts compared to what you can book in advance, you’ll also be less stressed about losing a few hours here or there: on a long term trip, waiting just becomes part of the experience.
6. Souvenir shopping is very limited during long term travel.
On a short term trip, it’s easy to pick up all kinds of odds and ends to take home–but the prospect of carrying around wood carvings, musical instruments, glass figurines and more for months on end makes it very easy to turn down even the most persistent craft sellers.
7. You develop a system.
When you book a place to stay three times a month instead of three times a year, it’s easy to develop an efficient system of booking: you know what you’re looking for in an accommodation, what you can tolerate not having, and where your priorities lie.
Not only does this end up leaving you more satisfied with where you stay (or rent a car from, or fly with), it also means that you end up finding places much more efficiently: for Jeremy and me, our lodging search almost always starts with Airbnb and heads to Booking.com from there.
8. Delaying purchases becomes simple.
When reading about how to save money, a common tip is to delay gratification on your purchases: when you want something, consider sleeping on it for a week, a month, or more before laying out the cash.
During long term travel, this becomes incredibly easy to do: good luck having anything impulsively shipped from Amazon to a random town in Spain, Cambodia, or Mexico (all places where we’ve considered having things shipped, but eventually changed our minds without spending a penny due to time and cost).
9. Your values change during long term travel.
It sounds trite, but it’s true: your list of “needs” drops dramatically during long term travel. All of the general expenses of maintaining your life at home–such as that long list of bills at the beginning of this post–melt away when on the road.
You need a place to sleep, some tasty food, and some adventure. When that’s all you’re looking for–it’s amazing how cheap it is to find.
It’s hard to quantify exactly how many more remarkable memories and fantastic adventures we have under our belts now as compared to what we would have if we didn’t leave decide to try our hand at long term travel starting last May–but money is easier to track.
Long term travel may be hard on a savings account, on an income, and on a planned pattern of life… but if you haven’t tried it before, I can virtually guarantee that long term travel is cheaper than you think.
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