ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Saving Money for a RTW Trip

Updated on February 23, 2008

A RTW trip is a dream to many but the most common lament is "I couldn't possibly afford it". Yet at the end of the tax year how often to look at your net salary and wonder where all that cash went?

You can a achieve a RTW trip or any other major financial aim but the most important thing is to decide you want it. The secrete is simple - things don't happen by accident - if you want to save $20,000 or $40,000 for a trip of the lifetime the first thing you have to do is decide to save it!

Photo by:toesoxluver
Photo by:toesoxluver

1. Define your Goal

A dream is the place to start "I want to walk beside the river in Paris and cruise the canals of Venice and dance Tango in Buenos Aires" is a dream.

A goal is a little bit more specific: I want to spend 4 weeks in Western Europe and 1 week in Argentina.

A SMART Goal: I want to travel independently in Europe for 4 weeks next summer with a stopover in Argentina either on the way over or back. June if I can get the time off work. I want to have approximately Euro200 / day for travel expenses plus another US$2000 for airfares, insurance.

SMART goal is Specific, Measurable, Attainable, Realistic and Time-Bound. The jargon is from business the concept is applicable to anything.

2.Set your budget

It doesn't have to be exact at this stage but it helps to know whether $10,000 will cover you or whether you want $40,000 for your trip of a lifetime.

Here are some categories to get you started:

  • Long-haul airfares

  • Shorter airfares within the country

  • Insurance

  • Gear: pack, clothes

  • Vaccinations

  • Rough daily budget by country or continent

  • 10-15% contingency

3.Is the Goal and Budget realistic?

Now you know what you want how much you need (your budget) and when you need it by - the start date of your trip. Is it realistic - work out how much you have to save per pay to achieve your goal. Maybe you need to move the trip back a year, shorten it or reduce your daily budget.

4.Make it happen

There are 2 main ways to save money:

  • spend less,

  • earn more.

  • or do both!

That's it really. If you really want that trip you will be able to prioritise your saving over your spending.

The Author

Lis Sowerbutts has been traveling since age 7, and has so far,visited over 55 countries. She firmly believes that traveling is too good to be left to the young and you are never too late to start traveling A New Zealander, Lis currently lives in Perth, Australia.


    0 of 8192 characters used
    Post Comment
    • brookevstheworld profile image


      9 years ago from Sydney, Australia

      I found that setting a goal is the most important part! A lot of people say that they want to travel to Europe, but really saying, "Hey, I'm going to Europe for 2 months in 2010" really puts the plan in a more realistic perspective.

      Once you announce the plan, the rest just follows.

      I saved up for 1.5 years, quit my job in Sept 2007 and have been globetrotting ever since ;)

    • Lissie profile imageAUTHOR

      Elisabeth Sowerbutts 

      11 years ago from New Zealand

      I wanted a picture of colourful money - I'd already used Aussie elsewhere - that yan was the next on I found!

    • topstuff profile image


      11 years ago

      All is well.but i cannot understand the reason of giving pictures of Yuan(RMB)


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)