• I’m Freaking Out! How Do People Scrape Together That Much Money?
• But I Can Only Save A Few Hundred A Month. It’s Going To Take Me Forever
• Where Do I Even Begin?
• This Sounds Really Difficult.
• OK, OK, I understand. What Else Can I Do To Save More?
• Like Getting Another Job?
• What Else Can I Do?
• Is All This Really Worth It?
• Is There Anything I Can Do To Keep Me Motivated?

I’m Freaking Out! How Do People Scrape Together That Much Money?

Let’s face it, some people you hear about that did RTW trips got major help from their parents or have some other source of funds. Saving up $20,000 or more is not something that most people can do in any short amount of time, but it can be done if it’s a priority. The majority of people who have gone RTW, though, are not rich, don’t have trust funds, and didn’t win the lottery. They were diligent and focused on a major goal.

But I Can Only Save A Few Hundred A Month. It’s Going To Take Me Forever.

If you’ve gone through your expenses and income and are only in the green by a little bit, it may look daunting right now. Don’t worry, it will get better. You just need to get creative.

Where Do I Even Begin?

The most important thing to do is start tracking every single dollar you spend. Find out where all your money is going. Then really think about where you can make cuts. Do you spend a lot of money going out to dinner or getting carry out? If so, start cooking. Do you spend a small fortune at the bars? If so, start buying booze at the store and inviting friends over. Do you like to shop? Stop now. You’re going to be ditching a lot of your stuff before you leave anyway. Can you live without cable? A home phone? A massive data plan on your phone? It all adds up, so prioritize what it is you really need.

This Sounds Really Difficult.

It is! This is why so few people travel the world. It’s hard, but you have to decide what’s more important. Another night at the bar with your buddies or girlfriends, or quitting your job and traveling around the world for a year. You have to be 100% committed, or it will never work.

OK, OK, I understand. What Else Can I Do To Save More?

Once you start cutting out unnecessary expenses, you’ll notice that monthly savings amount starting to go up. If it’s still going to take 5 years to meet your goal (which is just the case in some situations), start thinking about ways to make more money.

Like Getting Another Job?

Exactly. Many RTW travelers work 2 or 3 jobs before departing. Not only does this bring in more money, but it cuts back on your free time, which is when you spend the most money. So more work helps double your savings. There are plenty of other money making methods, too.

What Else Can I Do?

You have to use some ingenuity. Start going through all your useless crap that’s been piling up at home. Start selling stuff you don’t need on Craig’s List and Ebay. Have a garage or yard sale. If you own a car, decide what you plan to do with that before leaving. Maybe you can sell it and start using public transport, cutting down on gas, car payments, and insurance costs? Donate blood, eggs, or sperm. Take part in medical testing. Do whatever your morals will allow you to do (just try not to do anything illegal).

Is All This Really Worth It?

Well, that’s for you to decide. This is hard. Very hard. You’re going to hate it at times. Constantly turning down invitations from friends and family for night’s out is not fun. But once you’re on the road, it all becomes worth it. I’ve never once seen, read, or heard of any single person regretting taking a RTW trip. NEVER!

Is There Anything I Can Do To Keep Me Motivated?

Read blogs of people on the road already. Join different travel forums (like the one here at BootsnAll) to talk to like minded people who are doing the same thing. A support group does wonders when you’re questioning yourself. Check out Meet, Plan, Go! Print out pictures of destinations you plan to visit, put them in a small photo album, and keep it in your desk at work. When you’re feeling particularly discouraged, open it up. It’s sure to put a smile on your face!

So now you have a rough idea of how much this whole venture is going to cost. You’ve worked out how long you’ll have to save for, and now you have tips for saving and pushing that departure date up. Next up could also help with the budget. Have you thought about working during your trip? 

For more in depth information on money saving tips, including another checklist, check out this article.

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