Budgeting for Back-Packers

Long-term travel differs from traditional vacations. There will be days when all you do is sit in a park and read. On those days, you will spend less than on days where you go out to eat or to a show.

Keeping track of expenses is very important. Knowing on what you spend your money is a way to head off any potential problems before they become actual problems. If you notice you are spending too much in one area, you might be able to increase you savings in another. It is easy to keep track of credit or debit card purchases by checking online statements, but cash purchases should be written down.

Sometimes money gets tight on the road. It is possible to pick up odd jobs if you are over your budget for the week. Hostels will often allow guests to defray the cost of their room by doing light cleaning work. It is not uncommon for long-term travelers to find farm work in some countries. This not only provides you with extra cash but also a once-in-a-lifetime experience.

Do not let your companions push you into making purchases that are beyond your budget. Saying 'no' occasional is a great way to save.