How to budget for long-term travel

A woman packs her luggage in her bedroom

Your long-term travel budget tips

As you plan your extended vacation, do your research and think about answering these questions:

  • How long will you be gone? A month? Two? More?
  • How much is return airfare to your destination? Will you travel in high or low season?
  • Where will you live? In a hotel, hostel or apartment? Can you strike a balance between comfort and price?
  • What is your destination's cost of living (such as groceries, transit, entertainment)?
  • How will you get around? Rent a car, use public transit or rely on your own two feet?
  • What will you do in a medical emergency? Are you planning to get travel medical insurance?

Feel good about your long-term travel budget

Two women climb bunkbeds in a dormitory-style room while wearing backpacks

Having a budget in place can help you understand the costs associated with your long-term vacation, which in turn can help you manage your travel spending so you can focus more on having fun. There can be a real sense of confidence that comes from being prepared.

Related articles

Extended travel budgeting tips for students

As a student, you may be interested in traveling before you land a job. Read our budgeting pointers to help you figure out what you can afford.

How to start saving

Check out these tips which can help you with your savings goals—whether you're saving for an extended vacation or something else.
Back to top