How much is the whole trip going to cost? Roughly figure that out and divide that amount by the number of months or weeks you have until you plan on going. Then you’ll have the amount you need to set aside each month.

If your travel budget is 15,000 USD, then you need to set aside 1,250 USD each month. If you are going to leave in 12 months. When I was saving up for my trip around the world. I found several websites that really helped me out. First is A little adrift, in her post she goes over her budget and how much she’s spending on her trip around the world. The quest for awesome does an amazing job in his post going over the costs of traveling the world for a year. There is also Airtreks, a travel company. They brilliantly cover how much it could cost to travel the world. Last but not least is Budget your Trip. I found it really helpful when trying to figure out what each destination could cost. They list what each destination costs per day and you can pick from three levels, Budget, Mid-Range, and Luxury. I always opted for mid-range just to be safe.

What are you spending on? How much of it isn’t necessary? Figure that out, so you know how much you can afford to set aside each month. Write a list of all your expenses. For example monthly expenses:

```Electricity   3000 KR | 29 USD | 25 EURO

Heating       3000 KR | 29 USD | 25 EURO

Rent          180,000 KR | 1,742 USD | 1,475 EURO

Internet      6000 KR | 58 USD | 49 EURO

Gas           33,000 KR | 319 USD | 270 EURO

Food          20,000 KR | 212 USD | 180 EURO

TOTAL         245,000 KR | 2,371 USD | 2,000 EURO```

The above is simply an example. Let’s say that for someone that makes 300,000 KR | 2,903 USD | 2,495 EURO a month. They are spending a total of 245,000 KR | 2,371 USD | 2,000 EURO a month on necessities. That leaves them with 55,000 KR | 532 USD | 495 EURO to spare. Now you know how much you can afford to set aside after all the necessities are paid.

### Cut back on non-essentials.

Instead of going out to eat with your friends. How about you invite them over for dinner. It’s cheaper, especially if you do it as a potluck. Plus, it is more fun. Much like instead of going to the cinema to see a movie. You can watch a movie at home. It’s actually better since unlike the cinema, you lay in your PJ’s the whole time. Little things like eating out, heading to the movies, happy hour, etc. It all adds up fast. Wouldn’t you rather spend all that money on skydiving or even surf lessons? You know villa’s in Bali can be crazily affordable.

### Start a travel account.

Having a specific account dedicated to your travels simplifies things. If you have all of your money there, then it is easy to see how much it is. It’s also safer when you are actually traveling around the world. You then simply transfer money to your main account when you need it. The reason I’m recommending this is because I did this for my trip around the world. When I was actually traveling I was so grateful I did. Loads of times, some people were trying to steal your wallet. Although mine never got stolen, people I know had theirs taken. Which made me feel safe that all my money was in a separate account from my debit card.