The Backpacker's Budget for Australia
(Cost Of living In Australia)
Budgeting for backpacking in Australia is all about getting the most out of your trip with the funds you have available. To do this you need to know where you want to go, what you want to do and roughly how much time you'll spend in each place.
So that's the basic idea for budgeting, but how much do things actually cost in Australia? and how do you calculate the living costs for backpacking?
In this article we outline how to budget for backpacking around Australia including getting up to date prices for accommodation, transport, essential shopping items and day-to-day living expenses so you can budget your trip with confidence before you go.
Calculating your budget for backpacking in Australia
The type of visa you have and the amount of time you are going to be backpacking in Australia will change the way you budget.
For example, if you are on a working holiday visa (in Australia for upto 12 months or more) it's not worth trying to budget for your entire trip because so much can happen along the way and your plans can change at any time.
If this is you, the best thing to do is work out the costs of things you know you will always need no matter where you are (i.e, accommodation, transport, food, phone credit, other shopping etc...) for one week. Then you can multiply one weeks living cost by the amount of time you will be in Australia for a rough outline (more in a moment).
If you are visiting Australia for a shorter period (i.e, on a tourist visa or as part of a round the world tour), the chances are your budget needs to be a lot more accurate. You will need to budget for the day-to-day things (mentioned above) but include long distance tranport and the cost of any activities you have planned (more to follow).
So with the basic idea of how to calculate your budget, let's now see how to get the actual prices for everything you'll need and total them up into the budget for your trip.
Do you know which visa to get yet? Check out the Visas for Backpacking Around Australia
article to see which visa you will need and how to apply. Remember also that a visa will cost you money which needs to be included in your budget.
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Packing Guide & Checklist for Backpacking Around Australia
Read our helpful backpacking checklist and get lots of tips about what to pack before you go to Australia. Learn about choosing the right backpack, what essentials you will need to take with you and how to travel light when you need to.
Employment In Australia (How to start Finding Work)
If you\'re on a working holiday visa, finding work while backpacking around Australia is going to help you live comfortably and enjoy all the things you want to do. Even before you go to Australia, there\'s quite a lot of preparation you can do to maximise your chances of getting work quickly when you arrive and earning a fairly continuous cash flow when you need it.
Read more articles managing your money while backpacking around Australia
Money Management Tips For Backpacking In Australia
In this section you can learn how to set up an Australian Bank Account (Australian bank account), read about transferring your money to Australia, see how to create a financial contingency plan for emergency situations and find some helpful tips on budgeting.
Opening an Australian Bank Account from Overseas - Australian Bank Accounts Explained
An Australian bank account can be opened before you go which you can then transfer funds into in advance for when you arrive or alternatively you can open an account when you get there. Both options for opening a new Australian bank account are covered in this article as well as some helpful ideas about how to choose the right account for you.
Contingency Funds - Savings when you need them - Backpacking Australia
Anything can happen when you're backpacking around Australia and if something goes wrong, having a contingency fund will enable you to act quickly when you need to get things sorted out. In the case of an emergency (i.e, your money gets lost or stolen) or even if you simply over spend and just wind up broke, you will need access to money, accommodation, food, transport & identification documents to get everything back on track.
Electronic Funds Transfer - Transferring Money To An Australian Bank Account
If you're on a Working Holiday Visa or are travelling for extended periods the largest part of your holiday funds will be paid into your Australian bank account (Australian bank account). There are a few ways you can transfer your holiday funds...
Carrying Cash Safely While Backpacking Around Australia
Whatever plans you have made for backpacking in Australia you will need to take some cash with you. The amount you take will depend on what you have managed to do in the planning phase (i.e, prebooked accommodation, shuttle, opened an Australian bank account, etc...). Learn how much cash you will need to take to Australia to see you through the first 2 weeks.
Currency Conversion Guide for Backpackers in Australia
Knowing how to convert currencies will be a definite advantage to backpackers in Australia and all over the world. This calculation is a simple but very useful tool which will help you compare costs in Australia.
A Guide to Travellers Cheques for Backpackers in Australia
Travellers cheques can be used to safely transport your money to Australia where they can be 'encashed' at some stage during your trip. They can be ordered in a shop front (bank, post office, etc...) or online which are delivered to you in the post.Learn how to use travellers cheques and why they are good for backpacking in Australia.