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Balancing the Global Budget: United Kingdom

 

The Queen's Cash

When we started planning this trip we had absolutely no clue as to how much our Round the World adventure would cost us…. we found a lot of awesome inspiration online, and in the end we decided on an approximate goal of $100 per day. We recognize that in some countries we will be over, and hopefully in others we will be well under, but this seemed like a good round number for us.

On a daily basis we inputted our spending into a little notebook, and then when possible transferred these numbers online onto a budget tracking website, Budget Your Trip (thanks to Warren and Betsy for referring us to this site). There are some tiny glitches with this program, but all in all it does a good job of tracking our daily averages as well as categorizing our spending (we are still trying to convince the site designers to put in a separate category for coffee, as we see to give it enough attention to warrant this!!)

As we move forward, we will keep you up-to-date on what we are spending. I think often people have the idea that something like this is financially out of reach. Hopefully we can prove otherwise.

So, here they are, our numbers for the time we spent in the England and Scotland:

Our Numbers

Total # of Days – 17.5
Total Dollars Spent (CDN) – $2,016.18
Daily Average (CDN) – $115.21

Our main three culprits were food (25%), local transport (24%), and accommodation (19%).

All in all we are actually pretty happy with our spending situation. Yes, we are over our $100 daily budget.

Our Rationale

  • The UK is expensive – this goes without saying. It is possible that this will be the most expensive country on our entire trip.

  • This is the start of our journey – and as such, we recognize it will take awhile to adjust to life on the road, and doing what we can to really stretch out that dollar.
  • We want to enjoy the experience – there is no doubt that we could have spent less money here, but instead of counting every last penny, we want to relish in our new environments. If it costs a little money to do that, at this point we are not bothered. It is never necessary to buy a bottle of wine, but sometimes there is nothing better than the two of us playing a game of crib on the grounds of our hostel in the middle of Loch Lomond while sharing a bottle of Merlot….hey, at least we bought the cheapest bottle we could find!!! 

    Other Details

  • These numbers could have been a lot higher. This was definitely the “family and friends” stage of our trip, and boy…did they ever come through. We actually only paid for 5 nights of accomodation while here: 2 in London, 1 in Dundee, and 2 in Loch Lomond.
  • Additionally, the one night in London, was booked very last minute, as we realized that our original booking was in a very sketchy area. If we had more time, we likely could have saved a few more dollars here.

    Sometimes it is hard to say no to a glass of wine

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    5 Responses to “Balancing the Global Budget: United Kingdom”

    1. Alouise July 18, 2011 at 10:41 pm #

      I remember London being really expensive. Trying to get used to the currency conversion threw me off. I’d see something that was £10 and think forget that it wasn’t $10. Luckily there’s a lot of free things to do. And at least being your first country you probably won’t go over your average budget in other places.

      • Skott July 24, 2011 at 1:29 pm #

        Yes, it isn’t easy sticking to a tight budget in the UK, but we are looking at this from a big picture perspective….we overspend here, but underspend in India??? :)

    2. Soon Loo July 20, 2011 at 8:20 pm #

      Hey buddy…. long time no connect. Glad to hear that you are still traveling. I did what you are doing now in 95….it was way cheaper then. I was spending like 20 pds/day in UK. It was on that same trip that I ended at J’s at Byron Bay. Yap. UK was the most expensive country I visited then. The money killed me before I even opened my wallet. Have fun and enjoy your youth. I DID and I am 55 now! haha. Time jets by quick.

      • Skott July 26, 2011 at 12:33 am #

        55 hey Soon!?!? Well, I am sure you still have the spirit of a 2 year old, no???
        I totally forgot about your RTW back then….I cannot believe you were getting by on 20GBP/day….homeless people need more than that.
        Long time, no connect indeed…that is awesome that you found us !! Very cool to hear from you!

    Trackbacks/Pingbacks

    1. Balancing the Global Budget: Ghana | Get Up and Globe - January 13, 2012

      [...] is to see whether we can indeed travel the world together for around $100/day. We started off in the UK and Western Europe, likely the most expensive region of the world, at least in terms of places we [...]

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