One of the reasons that people tend to avoid long term travel is because they think it is expensive and feel they will never save enough for a trip. That is not true. One of the great myths about travel is that it costs a lot. People assume that to travel you need to be rich because all people see are advertisements for expensive vacations and assume all travel is like that. But it isn’t. The reality is that travel is cheap.  You can travel around the world for under $15,000 dollars for one year of travel. If you only visit cheap countries, you can do it for even less.

$15,000 dollars sounds like a lot of money right? Sure it is but in terms of living off just that for one year, it’s quite reasonable. You probably spend more than that already. It also sounds impossible to save but you’re wrong again. There are many ways to save money in one year. It simply requires persistence and making saving money a habit and priority.

$15,000 dollars is about $1,200 dollars per month, which is a lot but perfectly doable if you restrict you’re spending and cut your bills. You should cut your extra spending and be frugal so you can save that much money. People waste a lot of money on small purchases every day. Cut out your extra spending and watch your bank account rise and rise.

Cutting out your bad habits is the easiest way to save money. One cup of coffee a day is $150 dollars a month. A smoker can save hundreds of dollars each month. A typical night out on the town can cost around $50 dollars or more in a big city, and since most people go out two nights a week, you could save $400 dollars. Already we have saved $400 or more dollars, depending on your habits.

Those are the easy fruit to get rid of. The real way to save money is to eat in and consume less. If you are an average person, you probably eat out 5 to 7 times a week. If each meal costs an average of $20 dollars, that is between $400-$560 dollars per month. If you make your own meals, you can save a lot of money. That saves you a lot of money, since you probably already do some grocery shopping too.

By cutting out your consumption, you buy only what you require. That is the real secret to saving for a trip around the world. if you buy only the essentials and save everything else. People spend hundreds of dollars a month on little things that they don’t really need- DVDs, music, movies, drinks, and a lot more. All of that adds.

If you only eat in and go out once a week, you will only spend $340 per month and save over $800 dollars per month just by doing those two things. Moving into a smallar apartment is an extreme measure you can also make to save even more money. Even consider moving home if you have that option.
If you do all of these things, you can save well over the amount of money you need per month by simply living frugally and smartly. Your friends may think you are living like a monk and it may seem that way at times but think of the reward you will have waiting for you- one year around the world. It is worth it.