How to save $35k for long-term travel by age 22
An 18-year-old wanting to save around $35,000 AUD over a multi-year timeline faces the challenge of whether standard high-yield savings accounts are enough or if additional strategies are needed. Quotes note that international flights for multi-continent trips will consume a large portion of funds, and extra savings are necessary to comfortably resettle upon returning home.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
- 1Opening a high-yield savings account and depositing a portion of each paycheck
- 2Staying in hostels or camping
- 3Using trains, buses, or hitchhiking
- 4Eating from cheap local shops or stalls
- 5Utilizing programs like Helpx or WWOOFing to stay places cheaply
- 6Excluding international flights from the main destination budget
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“I’m 18 years old and I want to save enough money to start traveling by the time I’m 22. I kind of already have somewhat of a plan I was going to open up a high yield and deposit a little of my money each paycheck to allow it to accumulate over time but is there any else I could be doing to save up ?”source ↗
“International flights will eat up a lot of that if you’re insistent on multiple continents.”source ↗
“Hi all, I’m looking for some advice on my solo travelling plans.”source ↗
“I’m planning to have about $30 - 35k AUD saved for this journey with some additional stashed away so I can come back and comfortably set myself back up.”source ↗
“I want to hear some other people’s thoughts and advice on the situation and if you think it’s doable.”source ↗
Where this came up
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