Are we on track for saving enough money for the trip?
From our previous research, we’re getting a much better idea how much this trip is going to cost us per month. Let’s do a lazy math here by averaging out the costs of 3 round-the-world trip examples we found on the web:
( $2333 + $2200 + $1260 )/3 =
$1931 pp/pm — (per-person, per-month)
What’s Next?
This is what we do…
We take that amount — multiply it by 2, and then by 12 (months we’re planning to be on the road) — and multiply it by a safety factor (because we’re engineers and having a cushion is nice) and that gives us our savings goal.
The chart below shows how close (or how far, depending whether you’re a half-empty or half-full kinda person) we are to our goals.
October budget outlook
At 80% of our savings goal I think we’re doing pretty good but with the upcoming trips and holidays I’m afraid it’s going to take a hit.
Eeeek!
Next month we’re going to re-visit the chart and hopefully that blue square would be THAT much closer to the line…
10 comments
add commentI just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
If you have a moment, please visit my site:
It covers Pet Transportation related subjects.
I send you warm regards and wish you continued success.
How To Ship A Pet recently posted..How To Ship A Pet
Your cushion is a VERY good idea. Good luck with your savings goal. [And, by the way, you’ve inspired me to write up some posts on how we funded (and didn’t fund) our trip, including costs, etc. which will be going out sometime in the next month.)
Akila recently posted..meyer lemon budino
We searched around for while when we were looking for an idea on how much a RTW trip would cost. It’s definitely helpful to see what others have spent and how they managed to fund their trip. So, I’d definitely be interested in learning what yours have cost since I know you went on safaris in Africa and that’s an area that we’re a little vague about on the cost.
Wow. I’m impressed. Not at your 80% goal, which is impressive in it’s own right, but by your organization. Budgets, spreadsheets, and tax returns are the death of me. A necessary evil I will have to live with, conquer, and learn to master once I hit the road.
Ian [EagerExistence] recently posted..Where Have You Been
Lol, thanks.. but I think the real test is whether or not we can maintain it while we’re on the road. That’s Jack’s department
We’re planning a RTW trip in August. we’ve been saving money for 6 months. We just try to follow yours and other bloggers’ advice. Just avoid buying unnecessary stuff. Cut meals outs. Do more home cooking and stop going out. Also we’ve stopped using our credit card so that we don’t have any debt.
Pingback: Tweets that mention Would We Have Enough Money? — October Budget Outlook | Jack and Jill Travel The World -- Topsy.com
Pingback: Gloomy November – End of Nov Budget Outlook | Jack and Jill Travel The World
Pingback: Working For The Gov’t, Going Home, and The Next 2 Months (Nov-Dec) | Jack and Jill Travel The World
It’s great that you guys are doing this. Very inspiring. Good luck with your saving goals!
Leave Comment