Traveling solo means being responsible for your budget. Only you can organize your expenses, upstream and on-site, and it is better to be prepared. Here are some tips before the big departure!
What are the steps to take?
First, before calculating your budget for your solo trip, there are steps that you don’t always think about, to do before the trip. Contact your bank to notify them of your trip and give them your destination. Indeed, it is now common for banks to block your card if you have not warned them to avoid possible fraud. Find out about the country’s currency to visit and find the exchange office at the most interesting rate to have some cash on arrival. Finally, ask for a larger authorized overdraft only for the duration of your stay, for any unforeseen events. Once all this is managed, the biggest part is left to you: how to calculate your budget?
How do I calculate the budget for my solo trip?
Do not panic! If you are upset with math, there are several free tools available on the Internet that will help you. Excel table model, online calculation, or simply examples of budgets made by seasoned travelers. Once you’ve found the method or site that’s right for you, start by thinking about your overall budget. Let’s take a concrete example to do a little exercise together.
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Lets suppose your total budget is 550 euros. Next we calculate:
- The mode of transport. Do not hesitate to compare flight companies to find the best price, a little before you travel. Ideally two months before the trip (around 200 euros depending on the period);
- Food: depending on your meal plan included in your trip, plan a meal budget for your lunches or dinners (around 30 euros per day);
- You may not be going to Sicily just to take it easy on the beach. Plan a small budget for extra activities: hiking, cultural visits, boat cruise, etc. (around 60 euros);
- Sim card / Internet: if you are the connected type, plan to buy a Sim card on site or a small extra package to come (around 20 euros)
If we add it up, we arrive at 490 euros. Which seems perfect because you always need a little cushion in case of unforeseen events, desires for a little unusual excursion, a compulsive purchase etc. Obviously, these figures are indicative, and if you prefer a gourmet vacation, the food budget will be higher. The main idea is to show you the main expense items to think about.
Another method, which may seem simpler for other solo travelers, is to divide your overall budget by the number of days there, subtracting the cost of transport first. With your pencils, here is a new exercise!
- total budget 550 euros – 200 euros for the price of the plane ticket = 350 euros;
- 350/7 days = 50 euros
With this method, you know that you have a daily budget of 50 euros and that from day to day, it can adjust. If you only spent 30 euros on Monday, then that’s that extra to spend the following days.
Remember to take your steps upstream, define your overall budget and your expenditure items, keep a little cushion for the unforeseen. Finally, do not hesitate to download an application that will help you manage your budget on the spot, from day to day. There are plenty of them for all tastes!