On the surface, travel seems rather simple; plan you’re trip, set off and come back a better and more well-rounded person. Straightforward in thought, but once you get started with the planning, you’ll soon realise that a lot of time and effort goes into this part. One of the main aspects of travel planning is sorting out your budget for the trip. Now, before I talk about the main travel expense that people forget about, I’ll list the other main expenses you should be budgeting for:
This will cover the bulk of the money you spend, but not all of it.
The One Travel Expense People Forget to Budget for
It may seem kind of obvious, but a surprising number of people forget to budget for activities. I know this because I have made this very mistake myself.
There’s nothing more frustrating than spending all that money on flights and accommodation, only to realise you don’t have enough left over to do the things you wanted to do.
What people often don’t realise is how much certain activities cost. Some – especially popular bucket list activities – are going to cost you a lot of money so planning for these expenses is essential.
How Much Should I Budget for this?
This is a great question with a slightly annoying answer…
There is no set amount for how much you should budget for activities. It pretty much all depends on what kind of activities you’re planning on doing.
If you’re wanting an adrenaline fuelled adventure, including sky diving, bungee jumping and a whole host of other thrill seeking activities, I’d budget quite a lot for this portion of your travel experience.
On the flip side, if you’re more of the relaxing, “lying on the beach with a good book” type, you won’t spend nearly as much.
Most of us will land somewhere in the middle of this spectrum. Think of your “activity budget” as the most variable travel expense.
How to Plan
The best thing you can do, is sit down and plan you’re trip as best as possible. Figure out which activities you definitely want to do and then look them up. Research them, and note down how much they’re going to cost you.
You can include some other activities you might want to do, if you have the time, money, etc.
Now, of course you can’t meticulously plan every minute detail of your trip. Things come up. Plans change. With this in mind, set aside an extra amount of money to cover unexpected expenses, in case they come up.
And hey, if you don’t end up doing these, you’ll always have some leftover cash at the end of your trip!
One of the great things about travel is that it keeps you on your toes. Plans will change throughout your trip and you’ll end up in places you never thought you’d be visiting. All of this is great, and just adds to the travel experience as long as you’ve planned for unexpected things to happen.
Planning and preparation are probably the most important aspects when it comes to travelling. Master this, and it will give you more freedom later on.
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