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Travel cost summaries and nomad finances

The most frequently asked questions for long-term travelers are about money. How much does traveling actually cost and how to earn money when on the road? How to save money before you go? How much savings you need to travel for a year? Do you need to be insanely rich to leave your day job to move abroad and try to earn money while traveling?

We open up the finances of long-term traveling by revealing our own expenses. Below you can find sum up posts from different countries and articles about travel budgeting and low-cost traveling. There is no precise answer to the common question about how much traveling costs, since it highly depends on your travel style, and of course on where you decide to travel. The cost of living is totally different in Northern Europe and in South-East Asia for example. To understand and control the consumption while traveling, it’s advisable to plan well ahead, have a realistic budget target and keep tabs on all purchases.

For our sum up posts, we list all costs and locations of the purchases in excel, and categorize them in accommodation, groceries, restaurants, traveling costs, fitness and other costs. Then it’s easy to compare the costs in different countries and see what kind of purchases swallow most of the cash. Before we started our nomad life, we set a target budget of 50 € per day for two of us, so 25 € per person per day. This should include all daily costs from accommodation to beer tasting, and in longer run it should cover also the bigger purchases like flight tickets and fixed costs like insurances. Cost summary posts and the monthly diary reveal how we have been able to maintain this budget so far, and help to understand how much living and traveling as digital nomads costs in a longer run.

Monthly cost summaries

All costs are for 2 persons

We started the month with a nearly two weeks trip to Azerbaijan, visiting the capital Baku and smaller town of Sheki. Otherwise we stayed mostly in Batumi, Georgia. In the end of the month we flew to Abu Dhabi in UAE.

Azerbaijan was maybe even a bit more affordable country to travel than Georgia. Especially accommodation prices were cheap, as well as bus trips and train tickets. Before arriving in UAE, we thought that prices there are sky-high, but quickly learned that it’s possible to travel with a low budget even in there. Budget posts opening up all the costs of both Caucasus and UAE are coming soon!

Costs in November were all together 1224,78 €. The amount of other costs is high due to dental operation, and the sum also includes a travel insurance for UAE.

Visited countries: Georgia, Azerbaijan, United Arab Emirates
Accommodation: 256,86 €
Traveling: 159,87 €
Groceries: 198,55 €
Restaurants: 275,73 €
Fitness: 36,56 €
Other costs: 297,20 € 

TOTAL:  1 224,78 € 
DAILY AVERAGE:  43,76 € 
BUDGET: 1 500,00 €
DIFFERENCE: -275,22 €

Another month in very affordable Caucasus. We stayed most of the month in Batumi, making just short day trips out of the city. In the end of the month we traveled to Yerevan in Armenia over a Lesser Caucasus mountain ridge, visiting towns of Khulo and Akhaltsikhe on the way. Other costs were higher than usual due to a still ongoing dental operation. Wider cost posts regarding traveling in Caucasus will follow soon!

Visited countries: Georgia, Armenia
Accommodation: 255,26 €

Traveling: 104,60 €
Groceries: 180,79 €
Restaurants: 275,02 €
Fitness: 12,65 €
Other costs: 163,86 €

TOTAL: 992,18 €
BUDGET: 1 550,00 €
DIFFERENCE: -457,82 €

A pretty cheap month in Caucasus, staying in cities and hiking on the mountains. Other costs were higher than usual due to a dental operation.

Visited countries: Georgia Accommodation: 340,33 €
Traveling: 57,00 €
Groceries: 153,05 €
Restaurants: 319,97 €
Fitness: 38,67 €
Other costs: 141,33 €

TOTAL: 1 050,35 €
BUDGET: 1 500,00 €
DIFFERENCE: -449,65 €

Budget-friendly month due to three weeks of house-sitting in France. In the end of the month we flew to Caucasus.

Visited countries: France, Latvia, Belarus, Georgia
Accommodation: 231,53 €
Traveling: 97,36 €
Groceries: 288,87 €
Restaurants: 261,88 €
Fitness: 0,00 €
Other costs: 49,45 €

TOTAL: 929,09 €
BUDGET: 1 550,00 €
DIFFERENCE: -620,91 €

Budget-friendly month on a road trip in Czech Republic and three weeks house-sitting in France.

Visited countries: Czech Republic, Germany, France
Accommodation: 98,82 €

Traveling: 119,05 €
Groceries: 326,50 €
Restaurants: 336,14 €
Fitness: 12,00 €
Other costs: 3,43 €

TOTAL: 895,94 €
BUDGET: 1 550,00 €
DIFFERENCE: -654,06 €

On a road trip from Athens to Czech Republic. Exceeded our budget due to high traveling costs (ferry from Greece to Italy and some car maintenance) and a minor road accident (136 € in other costs)

Visited countries: Greece, Italy, San Marino, Czech Republic
Accommodation: 271,57 €

Traveling: 715,57 €
Groceries: 321,78 €
Restaurants: 316,16 €
Fitness 6,27 €
Other costs: 236,58 €

TOTAL: 1 867,93 €
BUDGET: 1 500,00 €
DIFFERENCE: 367,93 €

Exploring Portugal and a short press trip to Siberia. Average month from cost perspective. Check out a detailed cost post from Portugal.

Visited countries: Portugal, Latvia, Russia
Accommodation: 384,08 €

Traveling: 315,81 €
Groceries: 317,81 €
Restaurants: 270,10 €
Fitness: 0,00 €
Other costs 4,19 €

TOTAL: 1 291,99 €
BUDGET: 1 550,00 €
DIFFERENCE: -258,01 €

Two weeks in Finland visiting friends and family, then via Latvia to Portugal. Pretty expensive month even if we didn’t pay for accommodation in Finland.

Visited countries: Finland, Latvia, Portugal
Accommodation:257,85 €

Traveling: 183,30 €
Groceries: 440,29 €
Restaurants: 489,15 €
Fitness: 0,00 €
Other costs: 69,75 €

TOTAL: 1 440,34 €
BUDGET: 1 500,00 €
DIFFERENCE: -59,66 €

Couple of days in Cyprus and then off to Finland to work and visit friends. Budget-friendly month since  we didn’t travel around and didn’t pay for accommodation in Finland.

Visited countries: Cyprus, Finland
Accommodation: 47,28 €

Traveling :19,00 €
Groceries: 257,03 €
Restaurants: 392,97 €
Fitness: 0,00 €
Other costs: 107,80 €

TOTAL: 824,08 €
BUDGET: 1 550,00 €
DIFFERENCE: -725,92 €

Week on  a road trip in Peloponnese, then to explore Cyprus for the rest of the month. From cost perspective an average month. Travel costs include a flight from Athens to Larnaca. Check also a separate cost post about Cyprus.

Visited countries: Greece, Cyprus
Accommodation: 397,12 €

Traveling: 227,67 €
Groceries: 282,30 €
Restaurants: 233,36 €
Fitness: 22,55 €
Other costs: 31,27 €

TOTAL: 1 194,27 €
DAILY AVERAGE:  42,65 € 
BUDGET: 1 400,00 €
DIFFERENCE: -205,73 €

Budget friendly month in Greece, mostly in Athens. Lot of laptop time, less traveling, but still one week on a road trip in Peloponnese. Check out also a cost post from Greece 

Visited countries: Greece
Accommodation: 365,40 €

Traveling: 139,03 €
Groceries: 298,92 €
Restaurants: 160,20 €
Fitness: 27,50 €
Other costs: 0,00 €

TOTAL: 991,05 €
BUDGET: 1 550,00 €

DIFFERENCE: -558,95 €


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