How to raise funds for your RTW trip

Funding a trip around the world can seem like an enormous task. There’s flights to pay for, accommodation, food, spending money – the list is endless… So, how do you go about paying for it all? In the first instance you should work out a budget of how much you think you’re likely to spend and how long for. You’re not going to get an exact figure, but doing your research on flights, accommodation and how expensive the cost of living is in each country can help give you a rough idea. There are undoubtedly going to be costs that are unavoidable but you also want to make sure you budget for the unexpected, for example if you’re bag gets stolen or you need to book an emergency flight. If you’re just starting to save for your trip, here are a few ways you can raise some funds…

1. Find a job

This is the most obvious one. If you’re planning to go away for several months it’s quite common to work for a few months to save up. Many people do more than one job during this time, whilst also cutting back on expenses such as going out and shopping. It might feel like a sacrifice but those few months of hard work will all be worth it when you’re jetting off on your round-the-world trip.

2. Sell some stuff

This really depends on how long you want to go away for and how much money you need to raise. Some people sell their cars and all their worldly goods, buy a one-way flight ticket and jet off into the sunset. If, however, you would like to return at some point in the near(ish) future then this might be a bit extreme. Try to be ruthless with possessions that you don’t need or use anymore. One of the main parts of travelling is that you learn to live with very few possessions – try to apply this when sorting through your stuff. Once you’ve found a few saleable items there are several ways to bring the cash in. You could try eBay or hold a carboot sale. Friends and relatives might also be willing to buy items from you if they know what you are saving up for.

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3. Line up a job abroad

Working while you travel can be a great way to save money. There are loads of opportunities available depending on the sort of thing you want to do. You could volunteer in a hostel to save on accommodation costs or you could enrol in a teach abroad programme where you often get accommodation and spending money provided. Working abroad can also give you valuable work experience for if and when you return.

Travelling doesn’t have to be as expensive as you might think. While things such as flights are an unavoidable cost, there’s always websites where you can find cheap deals. Also consider car sharing and coach surfing to save on your travel and accommodation costs. Nowadays round-the-world travel isn’t just reserved for the rich, anyone can do it if you go about it the right way!

Do you have any tips on how to save cash for your travels?

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Emma

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