My favorite credit card is Standard Chartered Manhattan where I earn more than 1% Cashback (or reward redemption value)
Effective cost of Air tickets for 3 people = 58,200
#3. Book Accommodation from AirBnb (not Hotel)
I prefer AirBnb than booking hotels.
Our apartment selection criteria are
Apartment with facilities like Gym, Swimming Pool, Security and Lift
Kitchen with stove and utensils
Near to Market
Near to Beach
Proximity to Public Transport
Other things to consider if water and electricity are included in the price or not. What are cleaning charges and how often they clean. Is there any security deposit?
We found a decent stay in 38,400 for 50 days.
Most of AirBnb accommodations provide Towels, Bed Sheets, Blankets, and Toiletries.
To save more – Pay by money wallets like PayU (1%) and use a credit card for additional cashback (1%). Enjoy the additional saving of 384+380=764.
Effective cost of accommodation for 50 days is Rs 37,600.
#4. Get Forex Cheap
I tried a couple of ways to get cheapest currency conversion. But there could be issues with fluctuating currency rates.
I did some mistakes on this trip regarding forex which I would fix next time.
From the next time, I will plan my currency like this,
10% Cash Conversion in India
Keeping 30% Indian Cash Currency that can be exchanged at destination.
Spend rest of money on Credit Cards
If the destination country is card friendly (US/Europe/Australia) then use more credit card than cash.
Local Expenses in Thailand
It’s difficult to predict local expenses unless you start living. We underestimated the living cost in Thailand.
Everything was almost the double the price as compared to India.
We were buying 1L milk at 100Rs, 1Kilo Fruits at Rs 120-180, and no vegetable was cheaper than 100Rs per Kilo.
We found Indian grocery store in Pattaya. He was also selling everything at the double price.
We spent more than 20,000 rupees on Thai Massage. Thailand got infamous for sex & erotic massages but a Traditional Thai Massage is the best thing you can get in Thailand. They charge just 400-600 Rupees per hour. We enjoyed a massage on every alternate day.
We did not track our daily expenses like we did in Goa. It’s easy to calculate how much we spend by looking at my Forex.
India – 7000
Airport – 30000
Debit Card – 40000
Local Counter – 10000
Credit Cards – 10000
Total – 97,000 living expenses for 50 days.
Expenses in India
We had to pay rent for the home in India while we were away but we saved expenses on electricity, travel, and groceries.
On average, we spend about 30K per month excluding rent and school fees. Let’s say a saving of 50K for 50 days.
In summary : We spent 58,200 on travel tickets, 37,600 on AirBnb stay, and 97,000 on living = 1,92,800.
If we deduct the living cost of 50 days in India then the effective cost of our vacation is 1,42,800 rupees.
Also Read : How to spend a long vacation in Pattaya
Anyone with 80K salary can afford this kind of travel. You can manage your finances but the biggest issue is getting a leave of more than 1 month or asking your boss to work from a remote location.
There is no quick fix for this problem.
But you can find a passive source of income and slowly shift from your full time office job to remote work.
The article was originally published on CashOverflow
Let me know in the comments, what you think about traveling for a long duration.