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You are here: Home / Archives for spending

Semi-Professional Money Transferring: The Travel Made Me Do It

April 22, 2013 By Jillian

Keeping track on our finances on the road was far more complex a job than it ever should have been.  We used two bank accounts, a third savings account, and about half a dozen credit cards.  Although we didn’t quite need all those credit cards, we DID need the multiple banking accounts.

The first checking account is what we used while abroad.  This account paid our credit card bills (the few times we were able to use our credit cards) and was the account we drew on while at ATMs around the world.  (The great part was that it reimbursed ATM fees and didn’t charge us foreign exchange fees.)

The second account handled the ‘other payments’ we still had to make while on the road, namely those pesky student loans.  We did our best to never access this account either online or from an ATM.  Mostly, this account was a backup account in the event we lost our other ATM cards.  If we had the ATM cards with us to the first account, then the ATM cards for this account were safely stored in our hotel room.

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Having and maintaining a separate bank account for travel is important.  It is a big safety factor that cannot be understated.  Equally important is the use of separate savings account.  In our little money laundering scheme, most of our money was in this third account.  Every month it automatically transferred spending money to our travel checking account.  If we needed extra I sent an email home to my father asking him to log into the account to make the transfer.  That savings account also sent the exact amount of money to pay those student loans to that backup checking account.  We also kept money in both checking accounts but never too much money.

We took the time to carefully research our options online before setting all of this up for our trip.  Our credit cards were set to bill themselves to our bank, not all cards can do this.  All banks are a little different and it is really important to compare bank accounts online and make sure you’ve selected the right one for you.  Some will work for some people but not for others.

You never want to be abroad without access to cash to just remember to be safe and keep a backup plan handy.  Once in Tanzania an ATM counted my withdrawals twice and in China I left my ATM card in the machine.  In Guatemala one of the girls in our Spanish class had their ATM info skimmed off their card by the ATM and the bank was withdrawing money from their account every day for a week before they realized.  Setup your extra accounts and play it safe.adventure travel

Filed Under: Headline, Travel & Planning Tagged With: finances, spending, travel budget

Report Card: Budget for Africa

June 21, 2010 By Danny

Africa was shockingly expensive. We expected that the touristy activities would be expensive but we underestimated the degree to this expense. True, eating in Africa can be cheap, lodging too, but that’s about where the cheapness ends.  We definitely could have spent less here, but we wanted to do the “big” Africa things: safari, Kilimanjaro, mountain gorillas.

IMGP3300A reminder of how all this works. Every dollar amount represents how much the two of us, combined, spent on the average day in a given country. Airfare to and from the continent (very expensive to get to Africa) is included in transportation in the totals line and aren’t applied to any specific country. As always, visa fees are included in miscellaneous. For more information visit our spending page.

A couple of generalizations about Africa before we go into detail about each country. Most people in Africa do not travel long distances, that means transportation exists only for people of means and people with money. In most cases the buses we paid for in Africa cost more money than their counterparts in Latin America but were less comfortable, more crowded, and more commonly broken down. The roads were awful meaning more trips to go shorter distances and very few routes had service available at night. Then the expensive fees (Park entrances mostly; to see wild game and hike Kilimanjaro for example) are extremely high….These fees basically annihilated any sense of “budget” we had for Tanzania and Uganda. Visas also add up, we spent $645 each in visas.

IMGP7805South Africa: We rented a car and took that through the entire country, Swaziland, Lesotho, and even Namibia. Having a car did increase our transportation costs but seeing as we traveled 12,000 kilometers (7,500 miles) I still think the expensive car worked out to be far cheaper than public transportation would have worked out to be. Additionally the backpacker friendly Bazz-Bus would have been even more expensive and greatly restricted where we could go. Having a car also allowed us to carry a tent and our own food, drastically reducing our lodging and food costs. Even still this was not a cheap country and prices felt very similar to prices back in the US. Internet was also expensive but the presence of a domestic middle class who enjoys their own national parks just as much as the foreigners means that those parks, and all our activities are that much cheaper.

IMGP3541Mozambique: We went here for one reason….to hide from the hoards of X-mas while soaking up rays of sunshine on a nice beach. We went there, stayed put, and even managed to hitch a ride back with some South African’s we met while there. Scuba diving did us in on the overall budget but most everything else was pricey on account of our location on a tourist beach. The expensive visas to enter didn’t help the budget either.

IMGP8855Namibia: Namibia was expensive because we spent the better part of every day in the car, driving and burning gasoline, and then sleeping in National Parks. On one park, Etosha, camping with our own tent cost about $55….quite absurd by our standards. This was an extremely expensive country to travel in with huge fees at the attraction you’ve already driven hundreds of miles to see. Even still, having our own car saved money and our little 2 wheel drive car handled the dirt and shale roads without a problem.

IMGP9845Zimbabwe: We managed to Couchsurf here in two of the four places we visited, joining our host and friends for a trip to Great Zimbabwe and traveling to Victoria Falls on our own. Traveling and staying with CSers helped our budget out immensely, especially with lodging. https://ishouldlogoff.wpengine.com/wp-admin/plugin-install.phpTransportation was still high where it was on our own, quite high actually, but it was quick and efficient when the police weren’t looking for bribes. Fees at Victoria Falls were significant but not awful. Our largest expense here was the purchase and shipment of beautiful soapstone artwork that was pulverized before reaching the US. 🙁

IMGP4188Malawi: Super cheap country and the only expensive thing here was the Scuba we did in the crystal clear waters of Lake Malawi.  We had a great time here and really enjoyed the chance to relax a bit. The reason miscellaneous is high is that we had to cross through Mozambique to get to Malawi from Zimbabwe and needed to purchase new visas; we applied those fees to Malawi rather than Mozambique.

IMGP0297Tanzania: Everything here is low except for activities. While on Safari and while climbing Kilimanjaro 100% of our food, lodging and transportation were covered in the overall fee for these activities. The true cost driver of these things were the park entrances (about $700 each just to climb the mountain in fees) so they throw our averages off a good bit. If we ignore the $100 visa fees and these activities we are closer to $90 per day, still high but in line with the rest of Africa.

IMGP0498Uganda:  Seeing the Mountain Gorillas is an expensive activity, period. (At least the gorilla pictures and videos are cool)You have to pay $500 per person just to see them and then because you have to book that permit with an agency you need to either pay their fees on top of that or buy their transportation package…due to a series of events we ultimately had to do both of those things. The rest of the country is super cheap though, one of the cheapest places we’ve been to and still a pleasure to travel in. Bummer that the waters of the White Nile are due to be dammed and there won’t be any more Ugandan whitewater in the future.

IMGP4472Kenya: Things could have been cheaper here but trying to keep to a schedule, treating ourselves nicely on the island of Lamu, and taking advantage of the presence of my cousin who could fly home from Nairobi with gobs of souvenirs led to us spending far more than necessary. There really isn’t anything wrong with any of that though… At least the corruption makes for a nice travel story.

IMGP1192Ethiopia: This is a very poor and a very cheap country. There is a reason it features prominently in hunger porn commercials and South Park jokes. We treated ourselves nicely while staying in Addis Ababa and even still this was our cheapest country of the entire trip thus far. Traveling in the backseat of an overland car rather than paying for buses probably contributed a bit to low transportation costs but not as much as moving slowly and relaxing a bit while waiting for visas to be processed.

IMGP2679Sudan: This is a cheap country, cheaper to travel here than in Ethiopia. We spent ten days and spent $88/day, that means $880 for the whole ten days. Five-hundred of that was paid to the government for visa fees and foreign alien registration. That means it really cost us about $38/day for two people. Everything was very cheap and Sudan had the cheapest gasoline we’d seen anywhere until we entered Egypt. A very filling meal could be had for two for less than one dollar but that didn’t stop us for cooking for ourselves when we were bush-camping in the desert.  Traveling with over-landers allowed us to do this and this country would have been a good deal more difficult without our friends in Kaspuur, the landy from London.

IMGP4915Egypt: We expected mass tourism and we absolutely found it here but were quite surprised at how budget friendly Egypt was. The sites were not outrageously priced to begin with but then we were given a 50% discount on pretty much everything thanks to our ISIC cards. Comfortable lodging was cheap, private, and generally included breakfast. Had we taken the train from Luxor to Cairo this would have been more expensive than driving but it would have saved two days of travel, one night of lodging, and a very annoying police escort.  There is a lot to do in Egypt and truly something for everyone and ever budget. Seeing the pyramids and then climbing Mt. Sinai were absolute highlights. We passed on the beaches and diving of Dahab because we really didn’t feel like beach time.

Jordan: This isn’t really Africa but we’ve grouped it in here as part of the ‘Levant.’ It was an expensive place and we made it worse by paying for expensive transport to save a couple of days getting between the border and Petra. Additionally, the boat to Jordan from Egypt was not a cheap excursion. This was our 29th country and the first where a unit of currency was worth more than one US dollar.

Israel: Just like Jordan, this is a super expensive place and really is not backpacker friendly. We spent 100% of our time visiting with friends and staying with them as well so our price figures really aren’t worthwhile to anyone traveling there independently. If you do plan to travel here with a backpack be prepared to pay prices that would be considered average to high in Western Europe or the USA.

Filed Under: Africa, Featured, Guides, Headline, Travel & Planning Tagged With: budgeting, money, spending

Report Card #1

July 8, 2009 By Danny

So  now we’re home in the states for a week so we’ll take this opportunity to take stock of how we’ve done so far and what it is we need to change.  Overall, it looks like our preparation has paid off.  We’ve rarely been without something we’ve needed and have never been completely unprepared.  Since leaving the US we have not met another backpacker with smaller packs than we have (we do have the added benefit of being able to share a few things) but we have met many with things we wish we did have.

Our supplies have treated us well but we are swapping a few things out that don’t seem to be standing up to the wear and tear we put them through or just aren’t quite perfect enough for our uses.  Mostly this has to do with our  wardrobe…we’ve put several reviews up this week and several more are coming.  Once we’re done with all our trips to REI and repacking our bags we’ll update our gear page and link to the reviews we’ve written.

As for budget, which is what we are most concerned with on a daily basis, we’re spending less than we budgeted but a bit more than  we had hoped to spend.  All in all though we’re not in such a bad position.  Reminder, these numbers are updated each time we finish a country on the $$$ tab.

Country Days Food Lodging Activity Trans Misc* Daily Avg
Mex & C. Amr. 111 $17.76 $10.33 $23.31 $20.50 $7.35 $79.25
Mexico 29 $13.71 $9.57 $21.64 $31.80 $6.50 $83.22
Guatemala 36 $19.37 $10.17 $28.18 $7.69 $6.79 $72.20
Belize 4 $22.17 $0.00 $7.75 $51.35 $14.42 $95.69
Honduras 20 $18.44 $11.23 $27.47 $22.96 $4.12 $84.22
Nicaragua 7 $19.21 $9.31 $13.76 $7.94 $3.03 $53.25
Costa Rica 10 $18.88 $15.28 $12.60 $11.60 $6.25 $64.61
Panama 5 $19.10 $12.00 $28.50 $18.64 $7.00 $85.24

MEXICO:  Our first country so we weren’t so savey yet.  Having said that, we didn’t so do badly.  We did some expensive activities, several of which we would not pay so much for now.  Overnight buses and couchsurfing helped to keep lodging low but those same buses made for some high transportation costs.

GUATEMALA: This is a very cheap country.  We could have lived there very inexpensively, especially given how long we spent there.  Spanish school is the sole reason for this being as expensive as it was.   Additionally, living with a host family proved to be far more expensive than had we lived alone.

BELIZE:  Only went here to visit some family and had a wonderful time staying at their fancy (free lodging) house.  Getting there and back from Honduras, by boat, proved to be a very expensive endeavor.

HONDURAS:  Another cheap country, but we spoiled the budget here by getting PADI certified.  How dare us!  Add to that the expense of transportation to some isolated villages in La Moskitia and the island of Utilia and this country looks more expensive than it really  was.

NICARAGUA:  Not really any cheaper than Guatemala and Honduras, but as we didn’t have any major adventures here we were more on target with our spending.  That being said, this spending still represents a few small splurges.

COSTA RICA:  Really proved to be too expensive for us to do many of the things we had hoped to do…so we visited some monkey infested beaches (mostly free) instead and continued onto Panama earlier than we intended.

PANAMA:  Home to our most expensive hotel room, two overnight (low lodging costs, high transportation costs) bus rides, and finally some awesome whitewater…oh, and a canal!

Filed Under: Belize, Central America, Costa Rica, gear, Guatemala, Honduras, Mexico, Nicaragua, Panama, USA Tagged With: budget, spending, summary, travel

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