How to Use a Travel Planner and Budget Template

Planning a round-the-world (RTW) trip can be overwhelming, especially when it comes to budgeting for expenses. To help you stay on track, we've created a simple 6-step method using our Around the World Travel Budget template. Follow these steps to determine how much money you need to save and avoid running out of funds during your trip.

Step 1: Create an Itinerary

Start by compiling a master list of all the places you plan to visit on your trip. This will serve as your guide for budgeting expenses throughout your journey.

Step 2: Enter Cities/Countries and Nights Stayed

Enter the cities/countries from your master list into our travel budget template. You may find it easier to budget smaller countries as individual units rather than breaking them up by city.

Step 3: Compile Expenses Categories

Use our Around the World Travel Budget template to start compiling information for typical traveling expenditures, including activities/admissions and daily needs (food, drink, accommodation, transit).

Step 4: Use Cost-of-Living Calculators

Utilize online cost-of-living calculators to tally up per day expenses based on your style of travel for each place on your master list. This will give you a reliable long-term trip budget for traveling expenses.

Step 5: Calculate and Average Expenses

Use one or both cost-of-living calculators to calculate the average expenses for each place on your list. This will provide a comprehensive view of your expected expenditures throughout your trip.

Step 6: Set Your Target Budget

With all your expenses calculated, set your target budget for your RTW trip. Make sure to create your travel budget before buying tickets, as you may need to alter your itinerary to fit your budget.

By following these simple steps and using our Around the World Travel Budget template, you'll be able to plan a successful and financially sustainable round-the-world trip. Don't wait until it's too late – start planning your trip today!

Travel planner and budget template