money?

topic posted Wed, March 12, 2008 - 3:00 PM by  mina
How much money do you save up to being your nomadic journey? (Not knowing how long it will last)? I am thinking about heading to Peru and start my journey there. So after buying a plane ticket, how much would you advise on taking with you (in a checking account, travels checks, pure cash?)
Also any advice on just doing it with no plans? Just go to Peru without any reservations or plans or anything and experience it?
Thoughts?
posted by:
mina
Tampa Bay Area
  • Re: money?

    Wed, March 12, 2008 - 3:52 PM
    plan on 50.00 per day

    read guide books before you leave

    plan research
    money can go quickly for many things.. bus newspapers tours little incidentals
  • Re: money?

    Fri, March 14, 2008 - 5:47 AM
    I don't know about Peru, but I've been on the road in Europe for a year and it's only cost me about €4000. I COULD have easily spent more, and could have just as easily spent less.

    Before I left Canada I think my number one concern about the entire trip was 'will I be able to finance it?' The answer is yes, it's not as hard as you think it's going to be. But make sure you have enough cash or a credit card just as a safety net. I haven't needed one yet (which is good because €4000 is just about all I had to start my trip with!) but it's good to know I have one.
  • Re: money?

    Fri, March 14, 2008 - 12:15 PM
    I guess you have to live as it happens. A credit card with 0 balance so no thought of monthly payment for an I'm outta here option. Too bad the money is crapping out. But??? I live abroad. I'm traveling through Europe staying at hostels and such with 2 friends.
    There are ideas and opportunities because of the meltdown here(rhetorically - I currently live in Russia). it means people want deals on cars and laptops.
    Go to circuit city and buy a new 'open box' laptop. sell it there. I bought a dual core sony vaio for 385.00 new. Took it to Russia for a friend. Could have sold it for alot. Just some ideas. Trouble is you would have to drag that laptop until you sold it. Oh well.
  • Re: money?

    Mon, March 17, 2008 - 7:23 PM
    I´m in Peru right now and spending about $30 bucks a day for my wife and myself. we budgeted 40 but have managed to stay under that for most of the time.

    The best way to do it is to just do it. Maybe make a reservation for your first nice and then wing it after that. Go with the flow and you´ll be alright.

    Good luck
    • Re: money?

      Sat, March 22, 2008 - 9:48 AM
      "plan on 50.00 per day "

      i lived there for alot less. more like $20 a day in some places. i met a french girl in peru who was living off of something like 20 SOLES a day.

      but i like to live with families and get off the tourist track.

      tips for saving money in Peru:

      --learn spanish. studies show that spanish speaking tourists get better prices on taxicab rides in ecuador. betcha the same is in peru.

      --stay in "hospedajes" rather than bakpakhers' hostels. these locally owned hotels often have dormrooms for as little as 10 soles a night are much more willing to barter with you about prices than the hostels that are used to gringos taking the price that's nitually offered to them. or better yet, stay with a family and offer to teach them nightly english lessons in exchange for lodging and/or food.

      --learn to barter and be willing ti live with out some luxuries like internet and totally quiet rooms

      --travel in "carros" rather than tourist busses. they're like little converted VW busses. they are rough, but i know someone who went all the way from tarapoto to cusco on something like 30 soles. thats $10.

      --prepare your own food .and don't move around very much. that way youre not buying restaraunt food and youre not paying for transportation. the locals will view you as more than just a "tourist" and might give you deals on things.

      --don't live by the guidebook. put it down sometimes and no need to even take it with you in my opinion. if you visit a backpackers' hostel occasionally, there is usually plenty of reference avaliable. i read several guidebooks before going to peru and found that some of their recommedations were OK and useful, but building trust with the locals and having THEM direct me to hostels, restaraunts and sightseeing was much more authenitc and saved me alot more money.


      anyway, that's how i like to travel.
      • Re: money?

        Sat, March 22, 2008 - 12:51 PM
        oh, and handwash your clothes.

        take a string of twine with you and hang it up as a makeshift clothesline wherever you go.

        you can buy bars of handwashing laundrysoap there for like 1 sol each and they last forever.

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