Does Long-Term Travel Sound Appealing?
Do you think that long-term or full-time travel is an extended vacation? You’d better think again and approach traveling for a long time in an entirely different way. If you don’t, you’ll be setting yourself up for major disappointment.
When you take one or two yearly vacations, you estimate how much you’re willing to spend during the time you’ll be gone and then choose a destination that fits within that budget. Or you might choose a destination and then figure out whether you have enough money for that spot.
In either case, your daily spending on a vacation of a few weeks will most likely be more than it would be if you were going to be gone much longer. In fact, short-term travel allows you to have lots of splurges on accommodations, restaurants, shopping, and so on – with the idea that you’ll pay off your credit card bills when you return home to your job.
Yes, vacations provide the perfect opportunity to treat yourself to luxuries that might normally be out of reach. By giving yourself these special treats, you return to your daily routine refreshed.
However, unless you have an untapped trust fund, long-term travel doesn’t permit that kind of spending since you won’t be returning to work for quite some time. In fact, you probably need to change many of your current habits, especially in relation to how you spend money.
Hitting the road for an extended length of time gives you a lot of freedom in some ways, but it may require you to pull in the reins on spending for a kind of budgeting that you haven’t done before. You may not generally like to follow a budget, but it is this budgeting that will help you make your money last as long as possible.
Long-Term Travel Is Different
Long term travel, on the other hand, is a new lifestyle that will probably require you to change many of your current habits, especially in relation to how you spend money. Becoming a modern nomad gives you a lot of freedom in some ways, but may require you to pull in the reins on spending for a kind of budgeting that you have not done before. You may not generally like to follow a budget, but it is this budgeting that will help you make your money last as long as possible.
While traveling long term, you will not be splurging on yourself on a regular basis. You will certainly treat yourself from time to time, but in general, you will need to look for ways to save money, such as:
Does the sound of any of this bother you? Do you think that none of these tips are really necessary? Please do not be naïve. It is important to be realistic about budgeting so that you can decide whether this type of travel will suit you.
My next post But Is Long-Term Travel the Right Road for You? goes further into whether long-term travel will suit you.