As we closed out 2020 and our first 30 months of nomadic travel, I’m digging into our finances to see how we did in 2020 (aka. the year of the global COVID-19 pandemic).
It’s been 2 years since we got married, got rid of all of our stuff and left San Francisco to become nomads and slow travel the world! Year 1 was amazing, we were living out our dream lifestyle to see the world and staying in some really cool cities. Plus, we were able to do all of that for half the cost of living at home in San Francisco. Coming into year 2, we were becoming seasoned nomads and getting into a rhythm of enjoying new places, eating delicious meals, exploring nature, settling into monthly apartments and even making new nomad friends. We learned a lot from year 1 and applied similar money saving techniques such as booking long-term Airbnbs and using airline reward points. We had exciting plans for 2020 but like the rest of the world, we had to quickly adjust when the pandemic hit in March. As a result, we became grounded nomads and had to decide where we wanted to wait things out for the last 4 months of year 2. This also involved canceling a lot of flights and Airbnb bookings.
As we closed out 2019 and our first 18 months of nomadic travel, I’m digging into our finances to see how we did in 2019 and we are happy about the results. In our first 12 months of travel, we reported that we spent less than $30K which was about half of the cost when we lived and worked in a high cost of living city. Not only did we cut our expenses, we rebalanced our spending towards activities that we enjoyed the most, are living a less stressful life and are having the time of our lives. In 2019, we are happy to report that we pretty much kept the same level of spend through to the end of the year.
When we decided to get married and sell everything to travel the world, we knew that this new lifestyle was going to be fun, exciting but also cheaper than staying at home. What we did not know was how much cheaper it was going to be to live a very high quality of life where we would enjoy the local food scene, cook amazing meals, take regular getaway trips, spend time in nature, attend local shows/festivals and everything else you get the freedom to do when you decide to travel the world slowly.
As we are closing our first year of nomadic travel, I am digging into our finances to answer this question and the results are pretty exciting. In a nutshell in the last 12 months, we slow traveled to 10 locations in 5 countries for about half the cost of living in San Francisco. But more than reducing our spending, geo-arbitrage let us rebalance our expenses towards activities that we enjoy the most, spending more time with our respective families, living a less stressful life and exploring new places in the world.
So let’s dig into our spending report for our first year of nomadic living!
(more…)As we are closing 2018 and our first six months of nomadic travel, I am digging into our finances to answer this question and the results are pretty exciting. In a nutshell in the last 6 months, we slashed our spending in half, rebalanced our spending towards activities that we enjoyed the most, are living a less stressful life and are having the time of our lives.