Wallet in rear pocket of the troussers

How To Make Travel Budget Plan

budget plan

calculator, calculation, budget, money

Deciding to go somewhere is very exciting and inspiring. Whether it is some completely new place or you want to come back to the place you liked. Deciding is one thing but making it happen can be a challenge. Very often people get discouraged soon after their first impulse. By believing it costs too much and they can not afford it. But that does not have to be so if you take a bit of the time and make a good budget plan.

To start planning you must decide where you want to go and with how many people. Also important is to know when and how long you want to travel. So to start with, you need:

  • number of travellers

  • time of the year

  • number of days

All that you can change in the process.

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investigation

table of comparing the prices

If you plan to visit some very popular places it is good to check online with travel agencies. See what they offer and for how much money.  That is something you can start with. Your goal is to get more for less money. Or to adjust it to your resources. You can use a table called Comparing with agencies from the page tables, lists.

Budget plan calculation

The next step is to see how much you can spare from your income on travel. If you have some savings that are great. But if not now is the time to start putting monthly aside the amount you can. See how many months you need to collect the sum. If that seems too long you can do two things.

  • Reduce the amount you need by changing the initial plan. Like shorten the length of travel, find cheaper transport and accommodation, and change the time of the year (off-season).
  • Divide the period of collecting money into pre-travel and post-travel time. That means you pay for some things in advance or during travel and the other half pay in instalments.

The best option is to save in advance with reduced costs.

table for calculating travel budget

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transport and accommodation price

Start with searching for optimal transport prices. Choose the transport type depending on how far the place you go to. Most people choose a plane, but a train or bus can be very cosy and part of the travel experience as well. If you choose your car then you can count the cost yourself. For others go to page Transport and see how to find the right transport. When you do it will give you the first amount to plan with.

table with comparing prices of accommodation

To choose the place to sleep, go to the page Accommodation. After you make a preliminary choice you will have the second amount.

making a basic Budget plan

Now is the time to make a table, and a spreadsheet and put the numbers in. Take one called Basic Plan from the page Tables, lists and start putting numbers in.

The third input is the cost of the food. At first, you can take the amount you spend daily on food and multiply it by the number of days and people. Later check online the prices in that country for food in shops and restaurants.

You must count also the cost of the local transport in the cities and between. How to do that check also on page Transport.

details

table, ticket prices

Depending on the details of your journey and sightseeing you try to find are there any entrance fees or is something free. Many places are free at a certain time or day. Lots of them have reduced prices for young and seniors. Choose by filling the table with places you want to see and entrance fees. Do not buy so-called skip-the-line tickets on specialised sites for selling them. You will be highly overpriced. Go directly to the web page of the attraction and see what price you can get there.

It is practical to search the offer of local excursions and their prices. For one thing, they give you an idea of what to see. The other is that you can try to organise a similar tour with local transport.

Last but not least is the amount you can spend on souvenirs and small pleasures. That’s entirely up to you.

Now sum it up and get your preliminary result. If you are satisfied with it take it as a plan and make small adjustments on the way. But if it ends up much over your budget you have to make bigger changes. Start with the highest amount. See if you can reduce it by choosing some other options. Go check every part and adjust it till you come near your desired amount.

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