Financing a round-the-world trip: our top 6 tips
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How to finance a round-the-world trip? How can I find the money for a round-the-world trip? You’ve decided to take a round-the-world trip, but you’re wondering how to finance it? Don’t worry, you’re not the only one in this situation. There are several options for financing a round-the-world trip, and in this article we’ll give you a few ideas to help you finance your travel dream. Once you’ve completed this project, read our article on 10 tips for reducing your expenses during a round-the-world trip.
Save money
As you can imagine, the first step in financing a round-the-world trip is to start saving money. You can make sacrifices in your daily budget, have a job in addition to yours on weekends, or sell unused assets to put money aside. Drawing up a detailed budget is therefore very important for achieving your goals.
Get a job while traveling
Many companies hire temporary workers to work abroad. You can work in a hotel, youth hostel, farm or café in exchange for free accommodation and meals. This will not only enable you to finance your trip, but also to discover new cultures and meet new people. Finally, if your skills allow it, you can also work as a freelancer from abroad.
Ask family and friends for help
When you say goodbye, you say goodbye. During this event, you can ask your family and friends to help finance your trip by asking them to set up a general kitty. If you have friends who have already done this, you can ask them for tips on how to find work abroad.
Apply for a loan
If you need more money to finance your trip, you can ask your bank or another financial institution for a loan. Make sure you understand the conditions and interest rates before committing yourself. We still recommend this solution as a last resort.
Rent your house or apartment
If you are an owner, you can rent out your property until you return. This will ensure a regular income every month. You can also exchange your home with the home of another world traveler. However, we recommend this exchange for longer stays in a destination, not for a weekend.
Solidarity tourism
It’s surely the best solution for long, low-cost travel. The goal? Reduce your expenses at every level. Instead of staying in hotels or airbnb, opt for youth hostels, couchsurfing or tents. Organize your itinerary so that the vast majority of your travel is by bus, not by plane. For food, find out in advance where you can eat at low cost in each town you visit, as there are always solutions to avoid being taken in by “tourist-grabbers”.
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