Hiw Much Is a Family of 3 Post to Make a Yr
Concluding Updated 29/07/2021.
If you've read our previous post One Yr of Travel, What Did it Cost? You lot'll know that we worked out our average daily spend for 1 year to be simply under $100 per day. That'southward for a family of 4 people, 2 kids, 4 continents, 12 countries, and ii cruises. This is a realistic figure and a lot lower than costs you'll see elsewhere. This is how much it costs to travel the world with a family and go along prices low, only not equally cheaply as possible. This was our first twelvemonth of round the world travel. Our first year was funded on savings, now nosotros earn as we travel every bit a digital nomad family.
These days we're supported past our earnings from this website, see how here. In this post we suspension down the cost of one year of travel to give you an idea of how much yous'll demand to spend.
It's been a blast and we've very happy with that spend, but where did the money go exactly?
When you read these sort of toll breakup posts it's important to think that no two travellers, especially not family travellers, and no 2 journeys are the same. Costs vary tremendously depending on where you lot are.
We spent 6 months in Asia in our first year on around $twoscore- $50 per day, the remaining half-dozen months in the Western Hemisphere, and our cruises, must take come in at well in backlog of $100. Our children were vi and viii when nosotros left domicile, they always had been, and yet are, legally homeschooled.
We've never kept specially detailed records and we never set a daily or weekly budget. We exercise know what was in the banking company and what'due south left at present. We haven't kept to a daily spend since leaving Asia, nosotros've simply tried to spend as fiddling as possible on the things that were unimportant to us (accommodation), plant the best deals we could on flights, cruises and automobile rent and probably spent more than than some on the things nosotros relish (eating out, theme parks, wine and cocktails).
I should make this my catch phrase, it'due south your trip, you need to relish it your way and don't scrimp, information technology'south not a contest to see who can spend least.
Cost of I Year of Travel For a Family of Four
$thirty,000 was what nosotros spent. Not per person, that's a nonsense I've read elsewhere. We spent $30,000 for 4 people, 2 adults, 2 kids. More than details on what we spent our $thirty,000 + on are below. We break costs down into the following categories:
- Unexpected Extra Costs
- Flight Costs ( including cruise ships in this section equally major transport costs)
- Car Hire Costs
- Lodging Costs
- Food and Drink Costs
- Insurance
- Pre-Trip Costs
Unexpected Extras: cost $5,000 plus
That'southward a lot more expected!
Christmas happened and the kids had birthdays. Ii cameras died and needed replacing and we constitute nosotros needed a 2d laptop to stay sane. We bought several sets of speakers for the laptops so that we could lookout man movies comfortably, I had a new watch, we had to upgrade our wardrobes for winter and the kids wore out, and grew out of, their clothes. We likewise bought Boo his own tablet which bankrupt within months and hasn't been replaced.
Flying Costs For One Year of World Travel With Kids
Flights: cost $three,500
Nosotros flew from Penang to Bangkok, from southern Thailand to Kuala Lumpur, from Kuala Lumpur to London via Sri Lanka, from Florida to Republic of el salvador and back, and from Madrid to London. All other travel has been overland or past cruise ship. Skyscanner has been our best friend in keeping prices downward for the beginning yr. I wrote a post about some tricks to use this flying comparison site like a pro.
Cruises: $iii,600 excluding daily compulsory tips and other onboard costs such every bit alcoholic drinks
We cruised from Southampton to New York and from Florida to Barcelona via Madeira. Meet our cruising section for more than information. That'due south well-nigh 2 weeks of transport, bed, nutrient and fun for that price. It's a sugariness bargain.
Car Hire Costs Total for 1 Year of Family unit Travel
Automobile Rent: Cost $1,650
We hired a car for a calendar month in the United states of america to bulldoze from New York to Canada so downwardly to Florida. We afterward hired a car for a few days in Florida to cease our journey to Key West. For more information on our road trip costs attempt Planning a USA Route Trip and What's the Most Expensive Role of a US Route Trip.
In that first year we didn't hire a car anywhere else but since then we've had a lot of good times hiring cars in Thailand.
Adaptation Costs, Hotels, Invitee Houses, Hostels and Cruise Ships, for One Yr of Travel
Adaptation Costs: Varies!
Our cheapest rooms were in Laos, where we stayed in condolement for $12/night and in Kanchanaburi, Thailand, where, for the same money, nosotros got less luxurious rooms but a stunning location. In virtually of Asia rooms came in at well under $50 per night, nosotros generally get for places with included breakfast.
Our most expensive accommodation was in New York, not far from Times Square, where nosotros paid $150/ dark. Everyone tells u.s.a. that's a great bargain, merely it seemed a lot to u.s. at the time. In the U.s. nosotros by and large paid nether $l/night including breakfast and wifi.
Costs of Eating and Drinking While Travelling
Food and Potable: Cost effectually $700/month on food plus drinks.
Who knows! Nosotros once all ate for under $1 in Sri Lanka and nosotros once blew over $100 on a cute repast on Key Largo, Florida. Both were great experiences. We love our food and price isn't necessarily an indicator of how good the eating experience will be. Self-catering is horrible for us, no cheers!
If you lot spend most of your time in Southeast Asia yous'll be able to swallow out on good local nutrient for equally little as $ane each. If you lot're travelling in the more than expensive parts of the world you'll probably need to self-cater to keep costs downwardly.
How Much Should Insurance Cost for a One Year Round the Globe Trip?
Insurance: We went week by week, calendar month by month
I tin't give you a figure hither, I'd accept to cheque with Chef and, as usual, he'southward in work. But I can tell you that nosotros kept insurance costs downward past buying insurance appropriate to where we were.
For instance, nosotros didn't buy coverage for the U.s. unless we were actually IN the USA. We bought insurance for distance trekking only for those weeks we were at altitude. Insurance costs for the Us added around 20% to our bill, we went month by month on insurance to salvage coin.
I'll also tell you that we were very glad nosotros had insurance when Chef needed emergency surgery in Thailand.
Pre-Trip Costs
Nosotros don't include these in our daily spend of roughly $100 per day because, plain, these costs were covered long before divergence. You need to call back most vaccinations, gear and maybe storage of possessions while you are away. Nosotros cut vaccination costs past only getting the ones we really need and buying them in Kuala Lumpur or Bangkok as well every bit getting some free in London.
Gear costs for this kind of travel are negligible. All you lot really need is luggage and for us in that location were no storage expenses as what we didn't sell, we stashed in our loft. You do non need special travel clothes, simply have what you already own. Most of the family travel gear others list is nice to have, but far from essential.
You may find our postal service on how to become about selling everything to travel the earth useful. We raised a lot of greenbacks that style and have never missed annihilation nosotros sold.
Then does that give you an idea? I think that $100/twenty-four hour period effigy is the of import ane, the average over the twelvemonth. Sometimes you spend big, sometimes y'all spend most nothing, information technology'southward finding the residual to give you maximum travel for your buck that'south the important part. Travel your way, not anybody else's way and do what makes you happy.
Desire to sign upwards to follow our global travel adventures and road to total financial liberty through earning online?
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Source: https://worldtravelfamily.com/cost-breakdown-1-year-travel/
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