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)
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.
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.
Next month we’re going to re-visit the chart and hopefully that blue square would be THAT much closer to the line…