Example Budgets:
After travelling and budgeting for an extensive period of time, I realized that the value of single dollar varies significantly depending on where you are, and for the cost. Here is an approximate budget for all your basic needs all over the world. The base cost of a pack of gum in New York, you can afford a whole dinner in Chiang Mai, Thailand. This benchmark includes a highly rated hostel, food, and transportation. For a realistic total, add estimated costs for Alcohol and Attractions. Personally, $10/day is enough for attractions in most places, as I tend to avoid tourist traps, and take advantage of student prices for museums. Think of these numbers as a minimum daily budget.
New York
Hostel: $35 CAD
Food: $10 Lunch, $18 Dinner
Transportation: $6CAD
(Subway costs $3)
1 Beer = $7CAD
Base Cost: $69+Tax
$75CAD/Day
Expensive
Kyoto
Hostel: $35 CAD
Food: $8.50 Lunch, $12 Dinner
Transportation: $7 (Subway costs 300¥)
1 Beer = $4CAD (Tipping not customary)
Base Cost:
$62.50CAD/Day
Shanghai
Hostel: $13 CAD
Food: $5 Lunch, $10 Dinner
Transportation: $2 (Subway costs 3 CNY)
1 Beer = $1CAD (Tipping not customary)
Base Cost:
$30CAD/Day
Cheap
Paris
Hostel: $40 CAD
Food: $8 Lunch, $14 Dinner
Transportation: $5.60 (Subway costs €1.80)
1 Beer = $5CAD *consider cheap wine instead!
Base Cost:
$64.50CAD/Day
Expensive
Rome
Hostel: $30 CAD
Food: $8 Lunch, $14 Dinner
Transportation: $4
1 Beer = $4CAD *consider cheap wine instead!
Base Cost:
$46CAD/Day
Prague
Hostel: $15 CAD
Food: $5 Lunch, $10 Dinner
Transportation: $3 (Subway costs 24Kč)
1 Beer = $1CAD
Base Cost:
$33CAD/Day
Cheap
Vancouver
Hostel: $32 CAD
Food: $8 Lunch, $13 Dinner
Transportation: $5.50 (Subway costs $3)
1 Beer = $5.50CAD
Base Cost: $57.50+Tax
$65CAD/Day
Venice
Hostel: $55 CAD
Food: $8 Lunch, $16 Dinner
Transportation: $22 (One way Adult Fare =€7,50)
1 Beer = $5.50CAD
Base Cost:
$96CAD/Day
Expensive
Dubrovnik
Hostel: $25 CAD
Food: $8 Lunch, $13 Dinner
Transportation: $6 (Subway costs $3)
1 Beer = $5.50CAD
Base Cost:
$59CAD/Day
Santorini
Hostel: $40 CAD
Food: $8 Lunch, $13 Dinner
Transportation: $0
1 Beer = $5.50CAD
Base Cost:
$61CAD/Day
Toronto
Hostel: $35 CAD
Food: $8 Lunch, $15 Dinner
Transportation: $6.50 (Subway costs $3.25)
1 Beer = $5CAD
Base Cost: $64.50+Tax
$73CAD/Day
Budapest
Hostel: $15 CAD
Food: $3 Lunch, $8 Dinner
Transportation: $3.35
1 Beer = $1.50CAD
Base Cost:
$30CAD/Day
Cheap
Quebec City
Hostel: $25 CAD
Food: $10 Lunch, $15 Dinner
Transportation: $6 (Subway costs $3)
1 Beer = $4CAD
Base Cost: $56+Tax
$64CAD/Day
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How to save money on food + Accommodation
Hostelworld is my secret to budget backpacking! I never used any other other marketplace to book for accommodations because I am so satisfied with staying in Hostels and reading the reviews on Hostelworld. I do, occasionally, check the direct site of a hostel once I made a decision to see if the price is cheaper there, but it rarely is. AirBNB and Vrbo are also great platforms to find short-term apartment or room rentals, but since I usually travel alone, I’m looking for that social environment that a hostel provides. Another great resource is Couchsurfing, where you can stay in people’s homes for no charge and learn more about local culture, life, and more. This is the best way to travel while integrating into the community, since hosts will often take out the surfers and show them the city, or chat about life in the city. I used Couchsurfing when I was in Seattle, and I met an awesome host who took us to beautiful little nearby towns that are completely off the traveler's radar, and we would never have discovered those places if it wasn’t for Couchsurfing. The host also made us an amazing Christmas Ham Dinner, and we talked and drove for hours every night because we were having such a great time. Not only is Couchsurfing a great way to save money, but it’s also an even greater way to travel and meet locals and see destinations from their perspectives.
For food, head away from the major tourist spots for some more authentic and cheaper food. In Barcelona, a drink on Las Ramblas is going to be double what you will pay on the next street. The Gelato place right near the Coliseum costs 6 euros, but walk 5 minutes away and enjoy a better gelato for 2 euros. Street food is usually cheap and tasty, especially in Asia! If it’s around lunchtime, always ask if there are lunch specials. In Paris, you can usually find Prix Fix which usually ends up being a great value. Look around, and don’t settle for the first place you find. Look for online recommendations, such as TripAdvisor, or disconnect and feel the vibe of nearby place and choose where to eat based on your senses, like me!
Great external resources
Hostelworld is the best website to find Hostels, the cheapest type of accommodation, especially great for solo travellers. TripAdvisor is a great place to look for things to do, and restaurant recommendations/reviews. AirBNB is a marketplace for short-term apartment rentals, often cheaper than hotels. CityPass allows you to save money by bundling the most important attractions in cities into one package price. Couchsurfing allows you to meet people and stay in host's homes for free. On the mobile app, 'Hangouts' allows you to meet up with nearby travellers instantly.
Hostelworld
TripAdvisor
AirBNB
CityPass
Couchsurfing
My favorite site for booking hostels, and reading reviews
Select a city, and see the most popular activities
Rent short-term apartments all over the world
Save money, and bundle attractions by buying a pass
Crash on friendly strangers couches for free