How much money do you realistically need to travel the world?

In general, you should expect it to cost between $25,000 to $35,000 per person to travel around the world for a year. This rough estimate comes from reading travel budgets of other bloggers, various travel planning resources, and our own experience.



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Generally, $20,000 is the baseline cost for a trip around the world for one person for one year. This estimation falls in line with popular recommendations that budget travelers can spend an average of $50 a day on the road, and allows additional budget for flights and vaccines.

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Deciding where to go and what to pack is stressful enough, let alone trying to determine how much money you need to bring. The general consensus is that you should have $50 to $100 in cash per day for each traveler. However, this amount could vary considerably depending on where you are vacationing.

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Generally, $20,000 is the baseline cost for a trip around the world for one person for one year. This estimation falls in line with popular recommendations that budget travelers can spend an average of $50 a day on the road, and allows additional budget for flights and vaccines.

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You're required to file a form with U.S. Customs and Border Protection when entering or departing the United States with more than $10,000. Failure to report this could lead to legal penalties, including seizure of your money.

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If you're planning a world trip, it's usually a long-term route of at least a few months and up to a year around the world, or more.

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You hardly need any cash at all. You can use your credit or debit card wherever there is a PoS (point of sale) machine. Your card needs to be on the Mastercard or VISA international network to function. (Most businesses in Italy refuse Amex and Diners because they charge too much commission.)

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You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, TSA has no rules that limit how much money you can bring through security. In other words, TSA has no cash limit per person.

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If you are leaving the US, there is no limit to the amount of money you can carry, but you will have to deal with the customs or border officials at your destination. You should check the rules of your destination country, or any country that your plane may visit before reaching your destination, before you go.

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For example, if your goal is to backpack around Europe and stay in hostels or other budget-friendly lodging options then this amount could easily get you 3-4 months of travel.

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With that said, here are 8 top tips on how you can travel the world for cheap:
  • Pick the right destination to make the best with your budget.
  • Do your research to find the lowest airfare.
  • Curb your meals expenses by cooking in your trip.
  • Live it up with some free events.
  • Pack light with a minimalist packing list.


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A mid-range traveler might spend around 150-250 euros per day, or 450-750 euros total, for a 2-night, 3-day trip to Italy. This would include comfortable accommodation, local transportation, meals at mid-range restaurants, and some paid sightseeing activities.

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How much money should you bring to Italy? Single traveler: A solo traveler can expect to spend around 50-150 euros per day, or 150-450 euros for a 3-day trip to Italy. This would include budget accommodations, meals at inexpensive restaurants or street food, and free or low-cost sightseeing options.

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Backpackers should expect to spend between $40 – $70 USD/day in Eastern Europe, $70 – $100/day in Western Europe, and $150 – $200/day in the Nordic countries.

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All it takes is a just little more effort and planning for any 30+ year old to fit traveling in their lives. And when they do, they'll find that it's a way better experience than traveling in their 20s. Because traveling in your 30s is amazing.

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Here's why we believe travelling with kids aged 10 -14 is the perfect age to travel and adventure: They learn so much while travelling – kids are like 'sponges' and at this age they're learning and remembering it all. Our boys have learnt so much from their travels around the world.

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If you are carrying cash with a value of EUR 10,000 or more, you are required to hand in your written declaration to the customs office at which you are entering or leaving the territory of the European Union.

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