What would it take to start saving on January 1st and end up in Thailand in December?
When you have a whole year to save, it turns out that dreams really can come true. Saving in advance can make a dream vacation to Thailand a reality!
Here is a breakdown of how much you would have set aside each month to fund your trip, including the Muay Thai camp.
The Average Budget
How much, exactly, does a trip to Thailand cost?
One significant expense to consider when saving for an overseas trip is your airfare, which varies by location.
The price of your ticket could range from a few hundred USD to a thousand USD, or more.
The best advice is to research your flights, sign up for price alerts online, and be flexible.
Compare prices, and when they drop, be ready to buy.
When searching for tickets from LA to Bangkok for next year, options were available from around 930 USD; from London, tickets cost 640 USD. For the sake of this post, we will allocate $1,000 for airfare.
The average daily cost of food is 15 USD, and accommodations cost around 20 USD per night.
The average person also wants to budget for transportation and miscellaneous expenses while in Thailand, at about 25 USD per day.
If you are interested in a Muay Thai vacation, you will also want to include a Muay Thai camp for training, which will likely cost about 920 USD. All in all, this is 2,760 USD, or 2,054 British Pounds, for a two-week trip.
Your Monthly Goal and How To Reach It
At first, this may seem overwhelming.
Many people feel that they can’t afford to travel. But when you break this into 11 months of preparation time, you’ll see that you need to save about USD 250 per month.
Is this possible?
There are two ways to save USD 250 per month.
One way is to find excess in your budget and cut it. Do you make monthly car payments?
Could you trade in your car for an older model to reduce your fees?
What about cutting back on small trips each weekend, so that you can go big in December?
The second way is to earn an extra $250 per month.
Consider subletting a room in your house, or picking up an extra job now and then.
You could also try earning money online in your spare time. Think outside of the box, and you might be surprised at how many opportunities you can find for earning extra income!
How To Adjust And Calculate Your Budget
The average budget will not apply to everyone, and the primary source of variability is flight costs. Do your research and provide a realistic number. Then, add 1,760 USD. Once you have a total, divide it by eleven.
Also, think about your standard of living and vacation goals.
If you enjoy luxury meals, allocate more budget to your daily food expenses. If you are comfortable staying at budget hostels, use a lower monthly accommodation budget.
Your dream Thailand Muay Thai vacation may be just a year away. If you have always wanted to visit Thailand, don’t keep putting it off. Start planning your trip for the end of the year in January. When you break your total trip cost down into monthly chunks, you have a clear goal to pursue. Make sure to adjust the budget to reflect your location.
