5 Minute Read
February is here and we’re still tracking our monthly trip expenses and giving you all the details. Here’s our full review of our February budget for 2018.
For those of you interested in a complete breakdown for our entire trip, you can access our budget tracking spreadsheet here. We spent a few hours redoing it in December and it’s made seeing our expenses at a glance super easy. Give us a shoutout in the comments if you like it!
Trip Budget(s) vs Everyday Living Budget
A quick refresher on the types of budgets we cover in our monthly reviews.
Trip Budget: What we spent on a trip taken outside of our home city base. If you’re planning a trip to this same location, it should give you an idea of expected travel expenses. Since we’re beginning to move at a quicker pace, our monthly budget going forward will consist entirely of trip budgets and no longer include an everyday living budget (as described below).
Everyday Living Budget: What we spent to live in a certain location, including costs like rent, utilities, and food. This budget should give a good comparison for the cost of living in a specific location compared to living in the Midwestern United States. As noted, going forward we won’t be living anywhere long enough to include an everyday living budget.
February 2018 Trip Budgets
Our February travel schedule included more trips in it than January’s; we continued down the coast to Sydney and then headed to Thailand.
East Coast Australia Road Trip
Read our trip recap for the other Pacific Coast Highway, Australia edition (coming soon).
We came out $260.86 ahead compared to our budget.
- Where we splurged: We had dinner or lunch out a few more times than we normally do, so our food budget is much closer when comparing budget and actual spend, unlike previous months. Also, there may have been several ice cream cones eaten on our road trip…
- Where we saved: In our entertainment budget. We had planned to do a few more activities than what actually happened. To be completely honest, we were just tired and wanted to relax instead of doing one more thing. So it was kind of a win-win in the end. We got to slow down for a day and save some money.
Read our trip recap for Sydney (coming soon).
We came out $247.09 ahead compared to our budget.
- Where we splurged: Again, we “splurged” on eating out, goodies, and treats. Everything is expensive in Sydney so we tried to enjoy that which we enjoy most: food. We also had to pay a luggage shop to repair a wheel on Hayley’s suitcase (it was literally crumbling to pieces). That expense hit our Misc budget, where we were not planning to spend anything.
- Where we saved: We didn’t go out at all in Sydney. No partying, no tours, no nothing. We saved wherever we could because we had to save our money for the tasty eats.
Bangkok & Chiang Mai, Thailand
Read our trip recap for Thailand.
We came out $329.84 ahead compared to our budget.
- Where we splurged: We got a little crazy with our Entertainment and Miscellaneous budget. When it came to entertainment, we paid to go to an elephant reserve and also a nighttime food tour. I also paid to spend the morning with Buddhist monks, learning their routines and collecting alms with them. All totally worth it.
- Where we saved: Pretty much everywhere else. Street food is so cheap you’re better off eating it than taking the time to grocery shop and prep your own food (which we didn’t know until we got there). Accommodations are affordable and travel is no problem. We also ran into a sticky situation with the first Airbnb we booked in Bangkok and we refunded for our entire stay. It was unexpected but nice to have the extra money in our pockets.
Total February Budget Numbers for 2018
Trips + One-Way Flights = $6,100.00
Actual Spend = $4,787.73
This was our second biggest month of saving compared to spending of the trip. We spent 78% of our allocated budget and the variance between budgeted and actual spend is +$1,312.27.
For the first six months of our trip, we’re now at +$6,617.58 compared to our budget. We’re happy that we’re continually coming under budget month after month, especially considering how much money we saved for this trip. We’re going to continue to save where possible but also be sure to enjoy ourselves a little bit, too.
If you want to see all the details, view our Google budget tracking spreadsheet.
Post your travel budget questions in the comments! We’d love to help you budget for an upcoming trip in Australia, Thailand, or anywhere else in the world.