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So have I been traveling in a financially sustainable way? You betcha. So when readers balk (as they occasionally do) at my travel expenses, suggesting that this isn’t “financially sustainable travel” as they see it, I simply point them towards my income for those same years:Įxcept for a slight differential in 2013, I’ve consistently spent less than I’ve earned. Life’s misadventures aside, if I didn’t have the income to support my expenses in general, I wouldn’t have spent (other money) the way I did.įor example in 2013 even with those dastardly experiences, I also made other costly choices – such as paying for accommodation (instead of getting it for free which I’ve done so much), and a big splash-out in Europe.
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This “stuff” of life happens whether or not we travel but – fairly or unfairly – it becomes a part of the “travel budget” when traveling long term or full-time. (See also: Brace Yourself: Travel Isn’t all Roses and Lollipops ) In 2013 for example, I had almost $20,000 in erroneous expenses as a result of “stuff” happening like a house/passport theft, near-fatal accident, and financially supporting a partner. My annual expenses changed drastically for a variety of reasons, not the least of which was life just being life. Just look at my own cost of full-time travel over the years and how it has changed: Why? Because travel – especially when it’s a lifestyle, not just a short vacation – is so incredibly different for everybody. When I was writing Working on the Road: The Unconventional Guide to Full-Time Freedom (since discontinued), my editors pushed me heavily to provide long-term travel budget spreadsheets and other tools that would categorically spell out how much it costs to live and travel full-time.
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My Own Journey to Financially Sustainable Travel It has since been updated for accuracy of links and content. This post was originally published in 2019. Let’s look at financially sustainable travel in the realm of creating long term travel budgets. So, it’s time to get really clear:įinancially sustainable travel is about having (ie: saving or earning) sufficient money to pay for your desired travel lifestyle (whatever that looks like).ĭoes that sound vague to you? Good. While the definition of financially sustainable travel seemed intuitive to me, perhaps it’s not to everybody. Is it about budget travel? Absolutely not! (Just look at some of my Financial Case Studies to see people who are traveling full-time with six-figure incomes, as well as others traveling on a budget). Is it related to environmental sustainability? Nope. While the two are intrinsically connected, they are not the same. People confuse financially sustainable travel with a long term travel budget. Since those early days, it has been used in a variety of contexts that aren’t in the spirit of what (I intended) financially sustainable travel to be. I guess it stands to reason: I coined the term, somewhat accidentally at that. There are a lot of misnomers about financially sustainable travel.