How to Create a Travel Budget: A Step by Step Guide

Creating a travel budget may not sound like the most exciting step in planning your next trip. However, it can be an incredibly useful process.

A travel budget serves several needs. In advance of a trip, it can help you figure out how much money you’ll need to save. 

Once you’re traveling, especially if it’s for more than a week or two, it can help you ensure you don’t spend more money than you initially planned.

Even if you don’t stick to it exactly, you’re better off having a sense of how much money you can spend versus not paying attention at all. 

Backpackers are continually trying to find cheaper alternatives or travel hacks to make their trip more cost-efficient and, therefore, last longer.

There are two things to think about when building your travel budget.

First, sometimes spontaneity pays off. Other times, research will save you tons.

Second, if you are willing to sacrifice certain aspects of your lifestyle while you are backpacking,…