How Much Money Do You Need For A World Tour?

Going on a world tour can be expensive, but it will be among the most exciting moments of your life

Many people go on vacations, but these usually last for a few days or a couple of weeks. While vacations are enjoyable, there is often a yearning for some more days of fun and excitement. That is where the idea of a world tour starts to take shape.

A world tour may not be possible for everyone, as there are professional commitments. However, if you have the time and money, the experience of a world tour is simply unparalleled. If you are thinking about the financial aspects, here is a look at how much money you need for a world tour.

Factors affecting world tour cost

How much a world tour will cost will depend on various factors. For example, the overall duration of the world tour will be a key determinant of the cost. You may choose to cover the globe in 180 days or opt for a more relaxed journey in around 365 days or even two years. The destinations you cover on your world tour will also determine the overall cost. For example, Western Europe and North America will be more expensive in comparison to South America, Eastern Europe and Southeast Asia.

The type of accommodation you choose will also determine the cost of your world tour. It is apparent that staying in leading resorts and hotels will be costlier than choosing budget-friendly options. Free accommodations could also be available at select locations. Transportation will also be a major cost component of your world tour. Relying more on trains, buses and ferries will work out cheaper than taking flights.

If you are taking part in adventure activities, it will cost you additional money. Going sightseeing, visiting museums and other such places will cost you more money. The type of food you eat during your world tour will determine the overall cost. Choosing street food may work out cheaper than eating at fancy restaurants. Depending on where you are staying, you may also get access to a kitchen to cook your own food.

Various budgets for a world tour

Backpacking: $3,000 – $5,000 per month – This budget-friendly option suits seasoned travelers who can handle basic accommodations and minimal spending.

Mid-Range: $5,000 – $7,000 per month – This budget offers more comfort, including private hostel rooms and occasional indulgences in food choices and activities. You can also choose some internal flights.

Comfort: $7,000 – $9,000 per month – This range strikes a balance between adventure and comfort. You can access better hotels and take part in more tours and activities. Some business class flights may also be possible, especially for longer trips.

Luxury: $10,000+ per month – For those who have no worries about cost. At this budget, you can choose luxury hotels, first-class flights and the most exclusive experiences.

As is evident from above, a world tour is possible with varying budgets. If you do not have enough funds, you can choose to work remotely or do volunteer work. Travelling during the off-season can reduce the cost of your world tour. Travelling in a group can get you better deals and ensure more safety when exploring the world.