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Can you afford to quit your job to travel? - YQtravelling

Can you afford to quit your job to travel?

When I tell people I have once quit my job to travel around the world, the most frequent response is, “I really want to quit my job to travel but I don’t think I can afford it.

Hmm… Is it true that you can’t afford it?

Why not plan a career break travel that’s within your budget?

You see, when I was growing up, travelling around the world was my dream.

I didn’t really think it was possible for me to do it. Or at least not until I’m retired and can spend all the time and money I want. (That’s not really the truth when it comes to retirement.

Then one day, I came across a Taiwanese travel writer who managed to spend US$3,000 to travel around the world in 80 days.

It was a revelation.

Travelling around the world wasn’t as expensive as I thought it was.

The final expenses for my round-the world trip was S$14,000 (US$10,000 or so). I had S$2,000 left from the planned savings for the trip.

I did a four and a half month trip around the world with that money because I wanted to travel in relative comfort.

You can spend less if you couchsurf or hitchhike. I know people who have stretched that amount of money for a much longer period.

How to bring money overseas when travelling
Clearly I do not have this much money.

How to know if you can afford a career break travel

I always advocate that people plan carefully how much money they would need to go on a career break to travel.

Quitting your job to travel isn’t something reckless as people (especially the “adults”) think.

You need to figure out how much it would cost you per day to travel and how long you want to travel.

Then take note of how long you need to save to reach that amount. And take note that you’ll be traveling without an income so add a bit of buffer so you won’t end up stranded with too little money.

I have a free five-day course to help you calculate how much money you would need to take a career break to travel.

Sign up for the free 5-day mini course to plan the finances of your career break travel (aka Dream Trip.)

Want to plan a career break to travel? Catch up on all the blog posts.

More about Liau Yun Qing

Yun Qing is a writer, improviser and curious person. She loves finding little adventures in life. In 2013, she went on a 130-day round-the-world trip. She wrote a book to help those who also want to go on a career break.

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