Not Your Normal
Travel Budgets Tips
This article is about real Travel Budgets, not about cost savings.
Mr. Micawber gave some sound advice to David Copperfield.’Tis the way of the world that Micawber ignores his own advice. Please read on before you ignore my advice.
Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
David Copperfield by Charles Dickens, 1850
I cannot Tell you how to Budget
Wilkins Micawber did not tell David Copperfield how that £19.19/6p should be spent, just to keep with his income. What you like to spend your money on maybe very different from my choices and I an glad we are different because it is the differences between people that make travel worth spending your money on.
Understand Travel Budgets
A budget is not about cutting back on your spending while on holiday. When the Chancellor of the Exchequer sets the budget, they tell us, what they will save, and what they will spend. Yes, we all have a limit on how much we can spend but within that limit a budget is about cutting costs here so you can spend more there. You do need to know how much money you have for your trip but that’s not a budget, that is a limit.
Daily Travel Budgets
Create a Daily Cash Allowance then ignore it. One blogger suggested setting a daily limit and putting each days allowance in an envelope. If you really are so stupid to set a daily limit to your spending and then stuff it in envelopes then you really should not be travelling.
My mother used to the rent in the tea caddy, and works O.K. if you are at home. When travelling, odd things happen and extra cash can get you out of trouble or allow you to do odd things, you could not do at home. And there are times when you want to do the unexpected, you are travelling to experience different things, so why cut out the opportunity to try new things because you cash is at the hotel in an envelope.
Do, however, have an idea about any extra planned expenses you might have. If you want to go to a museum or art gallery, that has a “heavy” admission charge, carry extra funds to pay for that.
Carry just enough cash in your wallet for the day to cover essentials and some extra to cover emergencies or once in a life time experiences. If you are backpacking, you probable have all your money with you, so do split it up about your person. Although that is about security not budgeting.
How Much Do You Need to Spend?
You might ask, “How much I will need for daily essentials?”, and I would be tempted to say “How long is a piece of string?” As a general rule you already know the answer, how much do you spend on a normal day at home, when you are out and about? Prices are about the same everywhere, except when they are cheaper.
But prices are more expensive, if you are stupid or want an experience and are willing to pay for it. A coffee in the UK is about the same price as a coffee in Germany but you will pay extra if you want to sit out in the sun, in a tourist spot or in the main square. And that is budgeting, making a choice to spend more on some things but being aware that you might have to drink water at the next rest stop.