Preparation: Budget Concerns
A concern many career break-dreamers face is that they can't afford to do it. But if you believe enough in your dream, you will find ways to make it happen.
It's all about prioritizing and budgeting: even on a non-profit salary, you can make it happen.
See what some of our career break experts have to say about budgeting for long-term travel:
Brook Silva-Braga (A Map for Saturday)
Travel requires savings but not much; you can travel for less than you pay on New York rent, and you can always save more by indulging less at home. Money and time are commodities with an inverse relationship, you can only acquire one by spending the other and travel taught me free time is more valuable than additional money.
Jennifer Baggett (The Lost Girls)
Since I made the decision to travel about a year and a half prior to departure, I was able to properly budget and save for the money I’d need in order to spend a year on the road. And I was definitely not making that much money considering I was paying Manhattan rent and living expense (about $65K – I’m happy to be completely transparent) nor did I have financial help from anyone else.The biggest money saver, honestly, was that I literally stopped purchasing anything frivolous (clothes, shoes, electronics, expensive dinners, etc.) and socked away a percentage of every pay check (including 100% of my annual bonus), cashed savings bonds from childhood, even sold books/CDs on Amazon and most of my furniture on Craig’s List. Amanda, Holly and I also chose to visit predominately third world and developing nations where you can easily live off of $20-$30 per day. Of course traveling as a group definitely helped as everything from lodging, taxis, food and other items (travel guides/books, some toiletries, etc.) could be split up and shared. Other big ways we saved: Round-the-world plane tickets (ours took us from Kenya to Australia – with multiple countries in between for only $2200), eliminating almost all bills/expenses back home (rent, cell phone, electric bills, cable, etc.) penning the occasional travel article while on the road, crashing at friend’s (or friends of friends) places overseas and keeping costs fixed by doing a structured volunteer program/staying in one location for multiple weeks.
The biggest thing to remember when planning a trip is sitting down to figure out how much time you have to save/when you can comfortably leave, how much you’ll need total if you’re not working at all while traveling (factor large upfront costs – vaccines, flights, equipment, travel insurance and daily average cost by country), if you can earn money on the road by working and how long you can afford to be gone. It’s a lot easier to do than you think and although it’s been said a million times, cutting out your daily Starbucks or earmarking a small portion of your pay check makes a huge difference.
Michael Bontempi (Briefcase to Backpack)
One might often think of my approach to my personal finances as a bit extreme, but I have been an avid saver and planner since I began my first job. Not to say I do not enjoy spending money, but I do know where every dollar is coming from and going to.At the time of my career break, we forecasted not only the money we would have available to us during the trip, but the planned expenses upon our return - giving us the window of time before we would need to return to the working world.
All in all, it does not take a lot to sustain yourself on the road for an extended period of time.
Sherry Ott (OttsWorld)
I saved up bonuses for 3 years diligently and used that as my travel budget originally. That money is long gone yet I’m still on the road. It doesn’t cost as much as you think to live when you strip away car/house/insurance/house supplies/electricity/NYC social life and replace with hostels/travel insurance/airline ticket. Your major monthly expenses really disappear. Other ways to travel on small budget – Slow travel– staying put means less money on transportation, find work on the road (ESL/web/marketing) – You’d be amazed at how easy it is to market your skillset in some countries. Travel to less developed countries (SE Asia, India, Nepal, Africa)
Brian Peters (No Debt World Travel)
I used savings to travel after I was laid off. The three main things I used to save money on the road were 1. A round the world ticket 2. hostels 3. eating well but cheaply (the two words are not mutually exclusive). A round the world ticket can be had for $2500 US which is shocking to most people who think that that type of ticket is only for the wealthy. Hostels are much more refined, clean and accessible to everyone from singles, families and older travelers. If you spend $50 a week for lunch and Starbucks, you can afford a round the world trip!
Michaela Potter (Briefcase to Backpack)
I knew early on that I would be incorporating career breaks and travel into my life on an ongoing basis, so I've always set aside money and savings for them. And most of my working life I've been in the non-profit world, so I never had a large salary. But because travel is so important to me, I live a lifestyle that is comfortable for me and my priorities.It does bother me when people assume you have to be rich in order to travel b/c I've saved and done it while living on a $30,000 a year salary.
How have you financed (or plan to finance) your career break dreams?
2 Responses to “Preparation: Budget Concerns”
Other comments
9 Comments on "A Year in Paris"-
Leah on Mon, 6th Jun 2011 8:12 am
I really enjoyed reading your post. I am thirty-two soon and have itchy feet that are ready to try out foreign soils.
It is a fear of leaving the security of the day to day grind of paying the bills and living a safe and non-challenging way of life that has put me on hold for some time.
I hope (as it has I) your post will inspire others to go and follow their bliss – Leah 🙂 -
Patricia GW on Mon, 6th Jun 2011 8:54 am
Travel and experiencing a new culture really has put it into perspective, and filled that void with purpose (and joy).
In three weeks I’ll be moving to Paris myself for one month. I have the same feeling – the incredible surreal realization that I’m going to be living there…. it’s thrilling!!
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Abby on Mon, 6th Jun 2011 2:11 pm
Oh, Jenny! Escargot isn’t palatable — it’s delicious! I love your writing style; it’s so fun and energetic. Can you believe how far we’ve come? Everyone, Jenny and I were in the exact same industry and have known each other online and via work emails for years and years. But we’ve only met once, many, many years ago. And one of those jobs she was sleeping next to her BlackBerry for was one I’d just left. And now she’s 33 and living abroad, just like I was last year. Kindred spirits. Jenny, you’re a true inspiration — I can’t wait to see how your adventure unfolds!
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Debbie Beardsley on Mon, 6th Jun 2011 3:22 pm
Your life in Paris sounds ideal. It is nice to read about people who follow their dreams instead of wishing they had! Enjoy the rest of your journey.
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Terriaw on Tue, 7th Jun 2011 1:40 pm
Wow, fabulous and well said! I love your new outlook on like. After experiencing career burnout and feeling a little lost and purposeless lately, you have encouraged me. I look forward to seeing Paris someday!
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Jenny on Tue, 7th Jun 2011 6:50 pm
merci for all the sweet comments! @abby we are soooo kindred spirits! well except when it comes to our differing feelings on escargot…;) and congrats patricia on the move! thrilling indeed!
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shawna on Thu, 9th Jun 2011 1:32 am
you’ve reawakened my travel bug. must. return. to. france. (someday.) eat a croissant for me!
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Weekly Travel Blog Links — LandingStanding on Mon, 13th Jun 2011 6:16 am
[…] how badly I want to go to Paris… If only we could afford living there for an extended period of time during our travels! Any […]
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G. Michael Schneider on Sun, 19th Jun 2011 3:36 pm
I am a firm believer in living and working overseas, just as you described. However, many of us actually like our jobs and our homes and are simply looking to renew and refresh our lives, not change it. However, you can have the same type of cultural experience without having to reach into your own wallet and without having to quit your day job–by taking what I call a “working vacation.” My wife and I have done this 15 separate times, from Australia to Zimbabwe, Turket to Tibet, Mauritius to Mongolia. I describe how to do it in my blog otherguysdime.wordpress.com and via Twitter at @otherguysdime. Learn how to have fun without having to have burn any of your bridges behind you.







2010-10-06 13:32
[...] This post was mentioned on Twitter by Sherry Ott, poonamparihar.com. poonamparihar.com said: Taking a Travel Break is not so difficult...! you think so? http://fb.me/Jdz0Qegp [...]
2010-10-07 13:28
Great information!