Traveling the World on a Budget

As overtourism issues loom large and climate change exposes the fragility of many bucket-list destinations, travelers are increasingly seeking experiences that connect them to the world in a way that’s meaningful and thoughtful. From trekking through a moonlike landscape in Bolivia to Arctic glamping on the world’s largest island, there are many new ways to explore the globe.

Traveling the world is an incredible endeavor that will likely require significant investments in time and money. It’s also important to factor in any payments you’ll need to maintain while away, like a mortgage or debt payment (see how to calculate your daily average travel allowance). With a little planning, however, it is still possible to embark on a around-the-world trip for an affordable price point.

It’s important to plan your budget ahead of time so you know exactly how much your dream world travel will cost. There are a few essential items to consider, including accommodations, vehicle rentals, meals and entertainment. A Fora Advisor can help you build a custom itinerary that meets your needs and fits within your budget.

The best time of year to travel the world depends on what you want to see and do. For example, it’s probably not wise to visit the American Gulf Coast in July or August, during hurricane season. On the other hand, you may enjoy visiting Marrakech or Iceland in winter, when they’re less crowded and when their unique cultural offerings come into full bloom.

As a general rule, it’s always best to stick with the more developed countries, where accommodations and services are more consistent and reliable than in the developing world. This will save you from unexpected surprises and ensure that your trip is as stress-free as possible.

For a truly budget-friendly way to travel the world, consider repositioning cruises. These one-way trips take place when ships need to reposition themselves for the shifting seasons and typically cost up to $50 per day less than classic cruises.

If you prefer to fly, there are a few airline-sponsored world tour packages that can be very affordable. For example, National Geographic Expeditions’ 23-night Around the World by Private Jet trip starts at $72,100 per person and departs on March 10, 2023; or Oasis Overland offers a 293-day around-the-world adventure starting in the UK that includes stops in places like the Sahara desert and Egypt’s pyramids.

Finally, don’t forget about the benefits of public transportation when planning your world travel. This option tends to be cheaper, more reliable and more convenient than renting a car or taking taxis. Plus, some of the most exciting cities in the world—like Tokyo and all of Europe—offer exceptional quality public transportation systems.