One of the reasons that people tend to avoid long term travel is because they think it is expensive and feel they will never save enough for a trip. That is not true. It is a great myth that travel costs a fortune. People see fancy commercials and advertisements and think travel must be like that and so must be expensive. But it isn’t. In fact, travel can be quit cheap.  You can travel around the world for under $15,000 dollars for one year of travel. If you only visit cheap countries, you can do it for even less.

$15,000 dollars sounds like a lot of money right? Sure it is but in terms of living off just that for one year, it’s quite reasonable. You probably spend more than that already. It also sounds impossible to save but you’re wrong again. It is not impossible since there are many ways to save money during the year. It simply requires persistence and making saving money a habit and priority.

$15,000 dollars is about $1,200 dollars per month, which is a lot but perfectly doable if you restrict you’re spending and cut your bills. To save that much money you need to become frugal and cut out your extra spending. People waste a lot of money on small purchases every day. Cut out your extra spending and watch your bank account rise and rise.

Cutting out your bad habits is the easiest way to save money. One cup of coffee a day is $150 dollars a month. A pack a day smoker would save $210 dollars per month. If you cut back the amount of times you go out to bars, you can save $400 a month as people usually spend $50 or more a night. Already we have saved $400 or more dollars, depending on your habits.

Those are easy targets. The real way to save money is to eat in and consume less. If you are an average person, you probably eat out 5 to 7 times a week. If each meal costs an average of $20 dollars, that is between $400-$560 dollars per month. Eating can cut your cost down to $80 dollars per week. That saves you a lot of money, since you probably already do some grocery shopping too.

By cutting out your consumption, you buy only what you require. That is the real secret to saving for a trip around the world. Buy only what you need and save the rest. People spend hundreds of dollars a month on little things that they don’t really need- DVDs, music, movies, drinks, and a lot more. All of that adds.

If you only eat in and go out once a week, you will only spend $340 per month and save over $800 dollars per month just by doing those two things. To save more money, move into a smaller apartment or get a roommate. Even consider moving home if you have that option.
If you use these tips, you will save what you need by living more frugally. Your friends may think you are living like a monk and it may seem that way at times but think of the reward you will have waiting for you- one year around the world. It is worth it.