As you can imagine, we got this question pretty often. With a trip like this, it's a bit hard to say before you leave. Not including COBRA and items purchased before leaving, our "goal" was to spend no more than $20,000 and we promised ourselves we would come home early to keep the total under $30,000. Obviously this doesn't count the cost of not working for 6 months and now being unemployed. So let's see how we did.
|RTW Trip Spending Breakdown (from mint.com)|
|Travel (Other):||$13,027||(Mostly foreign ATM transactions, we mostly used cash.)|
|Air Travel:||$5,763||(Individual one-way tickets turned out to be less than RTW tickets)|
|Visas:||$892||(not counting visas on arrival paid in cash)|
|Vaccines:||$262||$477 spent and $215 reimbursed from insurance|
|Prescriptions:||$35||$388 spent and $253 reimbursed from insurance|
|Travel Insurance:||$302||(mostly just for medical evacuations)|
|HostelWorld:||$215|| (10% down for online reservation)|
So we are basically on budget, or near enough, though as you can tell from reading the blog, it was a challenging budget to stick to.
Of course, we spent a good bit of money on the trip before we left.
|RTW Trip All Expenses (from mint.com)|
|COBRA:||$3,156|| (health insurance for February-July)|
|Clothes/Luggage:||$240|| (what we didn't already own)|
|Electronics:||$2,064|| (what we didn't already own: DSLR+lens, 2x Kindles, 3x 32GB SD cards, Mini Laptop, iPod Touch, 2x Mini Noise-Canceling Headphones)|
|Grand Total:||$26,057|| For two people traveling the world for 158 days.|
And worth every penny...