///   The Cost of a Modern Vagabonding Lifestyle

Passport and Money /// VinjatekThis is the annual cost concept of living and operating as a modern vagabond with moderate (world) travel and minimal luxuries.

Vagabonding is relatively like any way of life with deliberate budgeting and moderation. Furthermore, there tends to be less unnecessary bills and committed financial strains of a “normal” stationary lifestyle.

-John V Cain
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Going everywhere, sleeping anywhere and living nowhere as you please sounds as exciting as it does expensive. Actually? Sometimes exciting but hardly expensive…

In my case as my expenses is cut in half from my so called “normal” life in my hometown of New York City.

My total cost of living in Manhattan was roughly $45,000 a year. For the past 5 years as a vagabond living all around the world averages to $21,000 a year.

I may live in one of the most expensive parts of the world but a 53 percent cost of living difference is staggering.

If you also live in New York or a city with a similar living index such as London, Sydney, Hong Kong, Paris or Tokyo, then you feel me. But most people from most of the Western World would also have a significantly lower cost of living as a vagabond than “normally” at home.

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So about 21,000 American dollars a year gives me a decent life as a world traveling vagabond.

This doesn’t require that much budgeting either.

When I first started vagabonding, I tried to save on everything, often opting for the cheapest option for just about everything – fearing I’ll deplete my funds quicker than I could replace them.

Early on however, this enabled me to live frugally and be more responsible with my finances like never before – but still enjoying myself and never living like a hobo.

That first year my total cost of living as a vagabond throughout 13 countries was about $17,000. I know people that’s done it for $15,000 and even $12,000.

But then I realized I didn’t have to budget so much. That I can splurge, buy nice things, stay at a sick resort once in a while, party like an animal more often, not take the cheapest transpo route and just live.

Because I realized this nomadic life actually turned me into an effective minimalist, cutting so much of the necessary costs of a “normal” stationery one such as:

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I’m also a digital nomad, meaning I make a living through this very site because of my location independence. So vagabonding is not a long holiday to me, but a way of life.

But every year, there are thousands upon thousands of “normal” people all around the world who go vagabonding or simply backpacking all around the world for a planned one year journey. Then going back to work, school or whatever life they put on pause after the holiday.

So with $17,000 – $23,000, you can have an extraordinary year of freedom, learning, adventure, culture and enlightenment as a global vagabond.





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[ March 22 2017 ]            DATA, LIFESTYLE, MINIMALISM, MONEY             TAGS     //     , , , , , , , , ,


DISCUSSION ///

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Specialist Zero

Not bad, just $21K? Now I just need a job I can do anywhere.

Pefj

What would you say is your biggest expense? Transportation or accommodation?

Fen Edo

13 countries for 1 year for $17000? Your lifestyle sounds more and more doable Mr Cain!

Kyle NYC

Awesome and inspiring post, been working on my funds to start vagabonding myself. Can you do a post on the breakdown costs of each type like food, flights, hotels, visas, insurance etc.

matt

Do you have health insurance? That’s the big concern for many that hesitate to go full minimalist.

wpDiscuz





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