Part of planning for a RTW trip is being able to save enough money for the trip. In order to figure out how much I’ll need I have done research and made a tentative plan. I have come to conclusion that I’ll need $18,000 to make this possible. When I figured that out a few months ago my first thought was… HOW THE HELL AM I GOING TO SAVE $18,000?
If you look to your right you see a meter labeled “State of Savings” I currently have $7,200. After seeing that number it seems I only need to save $10,800 more. Not bad and very possible to save in a year however I’ve only known for a few months that I want to do this and still have debts to pay off, bills to pay & a boring life to live before setting off!
The only debt I have is my car a 2008 Nissan Altima Coupe (btw his name is Tyler) and one credit card (only used to pay college tuition)! The combined total of these two debts are $7345.25. I’m paying enough each month to make sure they are paid off a month before I leave.
So now I see I need to pay $7,345.25 in debt and still save $10,200. This comes to Ahhh WAIT ONE SECOND let me get a quarter from my change vase. Okay I am back, this comes to a beautiful total of $17,545.
Thankfully the only bills I have are rent, car insurance and cell phone. There is nothing I can do to get these lowered. I’ve actually thought about moving back to my parents but ummm NOOOO that’s not happening. So I’ll pay off my debt and work around these bills for the next year because when I leave I won’t have any of them.
Right now there isn’t much I can do to increase my income. I’m working full time and about to start my last semester of school (full time). So for now I will pay my bills and whatever is left use supper wisely and save as much as I possibly can. Come December after I graduate with my Associates degree I will be able to get a part time job (or two).
So it looks like a lot (OKAY NO IT IS A LOT) but I have already made some cut backs (I’ll write about that later) and know I can do it. I’m just going to make a lot of sacrifices and keep reminding myself it will all be worth it in the end!