The Travel Tracker - Travel Budgeting Tracker
This is the most in depth and most time consuming tab to set up and maintain. But if it is done properly and well in advance – it will save you a huge headache and ensure confidence and continuity in planning.
This table contains a list of all the countries we want to visit, length of stay, estimated budget for the country and the time period, a tab for anticipated earnings and then two columns for actual earnings and expenditure.
Andrius has then set up a Summary Table, which adds up all the figures to provide the below –
Savings £5,000.00
Planned Expenditure (per year) £19,426.00
Average per Month £1,618.83
Planned Income £20,230.00
Average per Month £1,685.83
Yearly Balance 5,804.00
Actual Expenditure £0.00
Actual Income £0.00
Where Savings – is the sum we are panning to have in our account before we set out. Balance – is the difference between our Earnings + Savings and Expenditure. Actual Expenditure and Income are £0 just now as we haven’t started the adventure yet. The rest are self explanatory. All calculations are based on 2 people traveling together.
Funny enough, the above actually shows that it is absolutely possible to travel the World for around a year and to sustain oneself with a positive cashflow. For us this is achievable with earning only £340 per week. Remember – £5k is our savings prior to starting.
£340 pw is not actually a small amount of money - might be worth breaking this number up into where this money is going to come from :) I am sure every single one of your followers would be interested to find out how to earn extra £340 every week! I'll wait for you next post to find out :D
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