Tag Archives: how much to budget for south america

How Much Should You Save and Budget for South America?

Expanding on my first blog on How to Budget for Backpacking and Long-term Travel, I thought it would be good to provide some more detail on how much we budgeted for our trip in South America….

Loosely we used the £1000/$1600 a month rule as a basis

With an outward flight booked just before the start of March, we at least wanted to last until Christmas, 10 months later. So using the rule above,  £10,000* each sounded like a good total to save.

*It took 2 years of scrimping but we got there!

In more detail…

Once we browsed a bookstore we used the following prices as daily spends (all in US dollars, correct as of Sept 2013). We used these as a further basis for our budget…we took the comfortable (upper) daily budgets then we planned for a month in each country …

 

  Total for 30 days
Argentina $50 (Basic) $80 (comfortable) $2,400
Bolivia $15 $28 $840
Brazil $55 $85 $2,550
Chile $40 $60 $1,800
Colombia $50 $90 $2,700
Ecuador $25 $40 $1,200
The Guianas $65 $90 n/a*
Paraguay $30 $50 $1,500
Peru $25 $35 $1,050
Uruguay $30 $50 $1,500
Venezuela $60 $70 $2,100
Grand Total $16,140/£9,595

 

*Not on our itinerary.

So here the £1,000 a month rule works out pretty well…

However given that we hope to stay for longer and also get to Central America we will be trying to stick to the basic budget when actually travelling. For the last two months this basic budget has been going pretty well….Brazil during Carnival was a real test…but we are just about sticking to it.

Not saved as much as you’ve hoped/or want to stay longer?

Seems simple but spend less time in the more expensive countries and like us stay longer in Peru and Bolivia! In the end we settled for 2 weeks in Brazil as opposed to 1 month – this saved us an awful lot of money but meant we had to be super organised and keep our plans concise.

Hope this table is helpful to start planning your trip!