Before you even start planning, you might assume the final amount is in the thousands. While you would be correct, an average gap year now costs around £2,500, but you can go travelling for less than this if you are prepared to slum it for a while!
Round the world tickets can be bought for under £1,000, so travelling doesn't have to be as expensive as you think.
You can also pick up some part time work while abroad to top up your funds, and get some great work experience under your belt at the same time to add to your CV.
For a long term trip abroad during your gap year, we recommend you allow at least £1,000 a month to be comfortable.
Again, as mentioned earlier, you can always find some temporary or part time work to get more cash in your account.
For tips and advice on managing your money while away, please see our budgeting guide.
To keep costs to a minimum, or even travel for free on your gap year, we suggest you:
There are many ways you can start getting cash in the bank for your travels (or anything else you plan to do). These include:
For more tips, please see our Gap Year Fundraising guide.