One of our YouTube channel subscribers emailed us last week to say they were about to spend all of their savings on a camper van to live in, and to be honest, their plan made me quite nervous.
In past posts I’ve shared our long-term travel budget, and the fact that we only have $500 in our retirement savings account but I never mentioned the fact that we also have a backup sum of money set aside because I didn’t think it was relevant, until now.
We never dip into our backup money, so it’s not actively helping us travel, but it does give us a substantial sense of security as we explore alternative lifestyles. We might need it in an emergency one day, or we could use it to buy a cheap piece of land, start a small business or even take another year off.
I’m not saying that a backup savings fund is a requirement to travel because almost anyone can pull off a trip on a shoestring (or on credit) if they really want to. But for long-term travellers like us who have given up their permanent home and the security of a steady income, it’s nice to know that we have a little pot of mad money to dip into if we really need it.