How Much Money Should I Save for Backpacking?

By Michael Ferguson

Backpacking is a great way to explore the world and broaden one’s horizons. But, it can also come with a hefty price tag.

The cost of backpacking will vary depending on the destinations you plan to visit, the type of accommodations you choose, and how long you plan to stay in each place. To ensure that your trip goes off without a hitch, it’s important to take into account all of these factors and plan accordingly.

One of the most important factors in budgeting for a backpacking trip is figuring out how much money you need to save. Generally speaking, experts suggest that backpackers should aim to save at least $25-$50 per day for their trip.

This amount will cover basic costs such as food, transportation, and accommodation. Additionally, it’s wise to set aside extra funds for any unexpected expenses or activities you may want to partake in while traveling.

It’s also important to consider your mode of transportation when planning your backpacking budget. If you plan on taking public transportation or hitchhiking from place to place then this will be relatively cheap compared to taking flights or renting a car. Additionally, if you’re planning on camping during your travels then this can help reduce costs significantly as well.

The key takeaway when budgeting for a backpacking trip is that it’s always best to overestimate rather than underestimate how much money you need for your travels. It’s better to have too much money saved than not enough!

Conclusion:

When planning a backpacking adventure it’s important to consider all potential costs involved and set aside an appropriate budget accordingly. Experts suggest saving at least $25-$50 per day for basic expenses such as food, transportation and accommodation. Additionally, it’s wise to set aside some extra funds in case of unexpected expenses or activities while traveling and always overestimate rather than underestimate when budgeting.