INFLATION - How It's Changed How We Travel
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- Опубликовано: 1 окт 2024
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In this fun and informative video, we’re diving into how inflation is shaking up our travel plans! From skyrocketing airfare to pricier hotel stays, we’ll share some relatable insights on how we’re all adapting. Let’s chat about those unexpected changes in popular spots, embracing local experiences, and tips to keep our trips budget-friendly. Join us for a lighthearted look at navigating travel in an inflationary world-because who said adventures can’t be fun and affordable?
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You guys have such a nice back and forth between you two; smooth, sincere, and just so well formatted. Thank you for this style of video
Thank you so much for the nice comment!! 😊❤️
As a slow traveler I’m definitely picking my places to visit that I get more value for the Dollar. Some places I might want to go but they just don’t provide the value to me. Sightseeing is low on my things to do in my slow travel. I prefer to stay as long as my visa on arrival is good for. I don’t care to pay or jump through hoops to do visa extensions.
It's best to avoid over hyped touristic places like Tulum, every counrry has more budget friendly options.
Great info as always :-) a little surprised though to not see you mention the timing of travel. Avoiding peak season travel in key locations is a time-tested way to reduce cost. Not suggesting someone endure the monsoon season in southeast asia to reduce costs, but with a little planning can find those times that are much cheaper before or after the peak season travel. ❤ the channel, and continued happy travels to you both!!
That's a great point. We have mentioned this in the past but missed it in this one. We sometimes forget that not everyone travels slowly most of the year, as we do. Thanks again for adding to the channel! 😊
Thankful that our pensions and Social Security are COLA-adjusted. Makes inflation, especially abroad, not a huge issue for us. Traveling abroad while retired can still much cheaper than living in the States. I think the key is having a budget that is well below your means so that inflation doesn’t disrupt you plans.
@@Fell214 I think currency fluctuations aren’t helping
Agree 100%. Leverage those inflation adjusted funding sources! ;)
$500 one way SFO-Bkk but $ is getting weaker against Baht or VN Dong 😢
We love to walk! All those tuk tuk's and horse rides etc. are fun...but you can discover so much more just clocking the miles with your feet! Thats if you are able hopefully! Great tips guys! We love your financial prudence.
We walked over 10 miles yesterday in Mexico City!! 😳 Thank you for watching!! 😊
Ouch..Going back home 3 times a year can put a dent in the travel budget for sure, but if you can do it, good for you. Safe travels!
We just got back from the northeast of Brazil (João Pessoa). Great city, Very Very affordable. We love it. Don't let the mídia scare you about Brazil. Safe travels. Enjoy your channel.
Thank you for the tip! We are currently in Mexico and the same can be said. Friendly people and amazing food!! 😊
Hi guys, great video, thank you. Have looked at the numbers for 2022 ($29,728) & 2023 ($33,968) and it was a 14% increase between the two. Was that any particular reason, or did you include costs in one year that were not included in the next year? Looking forward to your 2024 video, although we haven't finished 2024 yet so is your year Oct to Sept, and do 2022 & 2023 follow the same path? Thank you both, cheers :)
The 14% is due to moving faster for a couple of months and we also spent 2 months in Italy. On top of that, inflation! 😁 We will be adding up our costs for 2024 and have that video out at year's end. 😊
Medellin, Columbia was a pleasant surprise! Much cheaper than Panama where we reside half of the year. One example, 2 margaritas, 1 beer, and a bottle of water was $8.14. It's so beautiful and green and about a million places to dine out.
We have heard some great things about Medellin. Friends of ours just visited last spring and had a great time. Columbia is on our list! 😊
We have noticed the grocery prices in Romania have definitely gone up. My MIL is on a fixed budget (300 Euros per month) from my FIL's pension (she still gets a small pension after he passed). She also gets assistance from the government to purchase meat. It is barely enough for her to live on now so we send her money every month.
We have heard that prices went up in Croatia after entering the Schengen last year. We are not sure that is true, but you have to wonder if the same is happening in Romania?
Home exchange worked really well for us in the UK. We were able to trade our home in San Diego for Hampstead UK. It was fabulous, such a money saver.
Thats a great idea! Unfortunately, we don't have a home. But, if we did it would be something that we would consider. Thank you for adding the idea to the conversation!! 😊
My wife is from Bangkok. We try to go there once a year. I haven't noticed the price on lodging going up, especially in Bangkok where we stay. But it is not a tourist place either.
Now airfare has jumped a lot. But instead of traveling from the west coast we are now living and traveling from the middle of the US. Just booked around trip tickets for 1300 a piece.
We intentionally booked outside of the city center to keep costs down and to have a quieter place to sleep in. We ensure that we know what the transportation options are ahead of booking there. We never rent car's, we do public transportation, so we stay in places with busses, trains, subways etc. We stay in most areas for a month also to keep costs down.
Thats a very smart way to travel, Eliza! Thank for your advice and for watching!! 😊❤️
Hi B n C.
this was informative, thanks for the inputs. Was checking out Portugal n Spain for 2025, decent accommodations are pretty high, hence having second thoughts about destination now.
It is becoming more and more difficult everywhere! 😔 Thank you for watching and all of your support! ❤️
@@BrianandCarrie what is the best site for monthly stays.?
Regarding budget, how about Tenerife or any of the Canarias islands for Spain ? Or Sardinia island for Italy or south Italy or Imperia in north Italy? Or maybe the north of Portugal ? Or Malta ?
I like the new three months away and then home idea. You are right about prices going up. Even here in Spain, they went up but now seem to be stable. The problem is that once they go up, they don't come down. As for airfares, my Ryanair flights are double what I paid after COVID. So far, I am enjoying the Mexico videos and looking forward to your take on Mexico City. I enjoyed it immensely in 1986, but I am sure it is much changed.
We do believe we are on a good schedule now. We had to work out a few kinks but now we are on our way!! 😁
Great video-as always. We keep worrying about inflation during travel, but then get sticker shock while back in NYC and realize inflation is also something we would endure if we stayed home. So Chile here we go!
On a separate note, today October 1 is our one year anniversary of starting slow travel. It has been a phenomenal time starting in Eastern Europe and now in Patagonia Chile. I want to thank Brian and Carrie. We watched your videos for a year before embarking on our journey. Not only did we glean valuable information, but very importantly, the joy and confidence that you convey while traveling really helped us get over any jitters over packing lightly and living a new lifestyle as a global citizen. Thanks so much! I love my life.
This is so great to hear!! Thank you, Jim! We are inspired by stories like yours. Thank you!!! 😊 Safe travels!! ❤️
I'm from Calgary...Banff is super touristy and super expensive!! 😬 Your US $ will help, but be prepared. We used to be able to have nice weekend getaways there in the off season for reasonable $$...not anymore 😢
I spent 2 months traveling in Europe in 2019 prepandemic and 6 weeks this summer. Prices have easily gone up 50%, maybe more in 5 years. It definitely changes your travel options. Here are some strategies that I use that weren’t mentioned in the video. One, I only eat twice a day and try to get a nice big breakfast included with the hotel or B&B. Two, I use credit card points and try to be strategic with my cards to maximize their value. Three, I use public transport and avoid renting a car which can be a budget buster.
Great strategies! Thank you for adding to the channel!!
We have really noticed how much more expensive travel/accommodation is etc id say 35% since 2020. We’ve tried house sitting but it only works if it’s not with dogs as they’re hard work. Also insurance has increased a lot. SE Asia is much cheaper than going to USA so we’ve pivoted towards that area instead. We’re based in the UK. I wonder if you’re also seeing prices rise due to the weaker dollar maybe? It’s certainly very different to 4 years ago.
We love caring for dogs! It has worked out great for us and the money we save offsets any hard work that may be involved.
@@BrianandCarrie the biggest problem we have found is not being able to leave dogs for more than 4-5 hours so day trips are more limited. I’ve found horses/cats etc make life a lot easier for us anyway 😅 also there’s often a lot of cleaning involved… as we have higher standards of living than many home owners provide.
We see it as more of a cost savings than a vacation in a place that require day trips.
@@BrianandCarrie oh I don’t mean like a vacation at all, we’re retired and we go out a lot during the day for lunch, for walking, and other cultural hobbies. It just doesn’t fit with dog ‘work’ which felt too much like a job to us. So cats/horses is a far better fit for us.
Another interesting video. Being a Canadian, you will be Shocked at how expensive things have gotten here. A cost saving measure might be college residences in summer. That is where we stay travelling in the summer. Loving your Mexican travels!
We are from Bellingham WA. and being just across the border from Vancouver know how expensive Canada is. Being so close to home, we save on flights and accommodations. We should have been clearer on that. 🤣 Thank you for watching! Plenty more from Mexico to come!! 😊
Any tips on where to find those student accommodations in canada
@@cookmaster3626 we use the Holland College residences in Cherlotown, PEI. They can be booked for approximately $120 for a nice 2 bedroom apartment on Expedia for the summer months
@@davidbaillieul109 -Thanks!
What's your new monthly budget if it's not $4000/month?
We will be covering that in our end of year budget video. 😁
We travel to smaller towns, it saves on accommodation and food and often the smaller towns are more authentic and more fun.
We would agree! We are finding that the big cities aren't for us for a few reasons! 😊 Thank you for watching and commenting, Paul!
I appreciate your videos, especially the ones about budgeting. I’m pretty good about hearing music and I’m afraid with this video I don’t hear a thing. You guys will need to increase your incomes. There is No way around it,I hope you can keep this lifestyle. Good luck to you both.
How has your medical insurance changed if you’re spending more time in the states vs when you first started?
Nothing has changed. We come home more often but for the same amount of time.
Moose Jaw, Saskatchewan, Canada: I think my dad took me to the zoo there when I was a kid. I seem to recall something about a peacock. Don't know if the zoo is still there. Probably the peacock died by now... Those are all my reasons for you to put MJ on your bucket list:)
This would be an excellent primer on household budgeting.
Inflation is a hungry predator. Sooner, rather than later, when You least expect it, it comes for your flock of gold-laying geese. Be prepared!
Do you think Mexico is still a descent option for someone starting slow travel? Can you still get by on 2.5 K a month there?
Also Thailand has a new DTV VIsa, 5 years multiple entry for 6 months at a time, game changer. My wife and I both have the new DTV Visa. As an American I would not travel to any Muslim country, even as a Canadian, Muslim countries are out. The current war(s) make it a very dangerous prospect
Southern Thailand and Malaysia are both predominantly Muslim and they are our favourite destinations. Both are safer than Canada.
Hi, Love your inspiring channel!! Our family will visit Argentina on December. Which cities you guys would like to do the long stay? Thank you!!
We are looking at Buenos Aires for a week and then Mendoza for at least 2 weeks. We haven't really figured it all out yet. Thank you for watching!! 😊
Wow, you must be exhausted today! You are already in Mexico City... so quick! We owned a house in centro in Merida for 7.5 yrs, so will be curious to see if you hit the Yucatan as well. Safe Travels! P.s. loved the cricket tasting Brian and that brown, unidentifiable drink?? Carrie. You both have courage!
We will be in Merida next month!!! 😁 Thank you for all the comments!!! ❤️
We are currently on a month long housesit in Ontario, where our kids live. We return for the summer months and then head to our condo in Bucerias, Mexico for the winter. We have a campervan, we housesit, (London at Christmas!) and we visit my brother on Vancouver Island (bonus!). Sometimes we stay in very nice hotels - mainly in cities as our latest video shows:) Love your videos - hope we run into you guys sometime:)
Thanks, you two!! It looks like you have a great plan!! Thank you for watching and safe travels!! Maybe we will be in the same place someday soon! 😊
Great to hear how you've adjusted to inflation. There are always ways to modify your travels to accommodate the increase in costs, but still have an enjoyable time. Balancing out more expensive places with more cost-affordable places during the year always helps. I'm glad you mentioned how slowing down your travel is an effective way to reduce costs. I think a lot of people don't realize that because they just think about how much a short vacation costs and then extrapolate it to a longer trip, and it doesn't work that way at all. Great you are using the buses in Mexico. They actually have a very good bus network and the buses themselves are quite comfortable. Cheers!
As always, thank you, Jim!! 😁
We agree with Brian, it can often be more expensive to make a meal than buy one, especially if you are in a low price area. We travel 6 months and go home for 6 months each year. We never include the cost of food in our budget for 2 reasons. Firstly, you have to eat anyway where ever you are and secondly, because we are from the UK there are very few places where food is actually going to cost more than at home. Great video.
Very true!! We eat at "home" when we are back in the States. A couple can't eat out for less than USD 50.00. That's a week of groceries in some places!! 😁
Purchasing a property in Portugal was something I considered to do when I retire, but I can’t do now since cost of apartments went a lot since 2018. Then I started watching slow travel like yours almost from the beginning. At that time, I was thinking that I learned something different way of retiring and travel. Not only that slow travel is more affordable, there’s also the flexibility of moving around more without paying for two accommodations and visiting other parts of the world. Now, not only I’m saving less for retirement due to inflation, like you said the cost of travel has gone up a lot. Hopefully by the time I retire, things will be more settled and I can see the world somehow.
Portugal has become difficult the last year. The government has made some changes in policy. You can still obtain an extended visa rather easily if you wish to stay longer than 90 days.
The thing about inflation is that is generally happening everywhere in the world. So say when I compare thailand to australia (home) both have had high inflation but the ratio of costs stays similar. Just wondering what resource you use to compare living costs between countries (you mentined a figure of 51% cheaper).
Here is the website that we use to compare cost of living around the world.
www.numbeo.com/cost-of-living/
Your RUclips income has also increased considerably, this will more then compensate for inflation.
That helps but we are also trying to subsidize our retirement.
Do you have a new home base in the US now that you are going home every 3-4 months? We are starting next March and like to keep a home base in the US. Any tips on that?
We do not have a home base. When we return to our hometown we housesit. We will stay with family the few days in between.
Is it inflation or demand? This channel shares information about the places you guys traveled to, which is free advertising for that place. This entices people to visit. Also, there are several channels promoting travel. When there is a demand, prices increase. Several cities worldwide are complaining about tourists, and some of the influx results from RUclips. Some of it could be inflation, and some of it could be greed. I'm not suggesting that you should stop or that it's your fault. It is just that not everything is inflation.
Great point! Thank you for adding to the conversation! 😊
There are so many countries near Mexico you can go and strech your dollar.
US dollar will continue to get weaker as the FED lowers interest rates
Thanks
Fantastic info, guys! Thank you!!!
Thank you for watching!! 😁
What app do you use to track various currency's value against the dollar?
Hey guys, if you ever looking find a way to save money on flights just hit me up. I do wanna travel club and I know ways to saving money. For instance, I just looked for me to fly from Orlando to Sydney. By the way I’m able to do it I can get for two people total for just 1800😊
Thank you, Chris!
@@BrianandCarrie no problem I own a track club we get thing cheaper cause weather like most sites. What they do is they buy the packages from the resorts, the airlines, the cruise ships and then they mark them up and some at a higher price where we what we do is we contract out to the same businesses and we help promote and sell their packages for them and they give it to us and then they just pay us a commission for helping them out.
@@BrianandCarrie bye way I love talk both about doings that how much would think it cost me for family of 5 or 6
Gosh what you say is so try, you just have to adjust. We were looking at Bodrum because it looks so pretty but think we'll just look somewhere else, maybe just as good. My theory is, I also think there are a lot of baby boomers traveling. I love your honesty and your humour Brian 😂
You may be correct. There seem to be many people traveling these days, and we understand that we are a part of the problem. 😉 Thank you for watching and especially understanding the humor!! 😁
Look at the currency charts. USD will rise only when we approach the market crash. Our goose is cooked because of the failing USD
How could it be otherwise when Biden-Harris administration prints $1Trillion every 100 days.
You look great together❤
Thank you!! 😁❤️
Have a great day!
As always, thank you and you as well!! 😊
❤❤❤❤first one
🤣❤️ Thank you!!
Always great info for thought 👍
I'm starting to wonder what I can do to create more assets that will provide additional revenue.
We are 4 years+ out. Putting 40% of our income towards ETFs and 10%towards our whole life policies to cover our self insured strategy.
Learning nocode automations to create websites on large scale.
What assets can you think of?
We invested for 30+ years in mutual funds. 😁
USD has been debased due to constant money printing and will continue until the end game.
Thanks for watching.
Good video guys. Prices have gone up all over the world, it is a fact of life, Canada is insane, we never go to restaurants in Canada anymore, we have not noticed prices have gone up in Japan (we travel often), and Cambodia and Vietnam are still so cheap it is not even worth calculating the extra costs (if any), Thailand has definitely gone up over the last 4 years, but nothing like Canada. One of the reason we are moving to Hua Hin Thailand is the cost of living in Canada, although we can afford life here in Canada, as we have no mortgage and do n ot go to restaurants, we can have a much better quality of life moving to SE ASia, no comparison really. We paid $2500 USD last year from Vancouver Canada to Bangkok on Japan airlines, this October we are paying $1300 USD for the same trip on ANA airlines, so not everything is more expensive. Our condo is more this year, $500 USD compared to $350 last year in Hua Hin, but we are renting a far nicer condo this year. Thailand still wins hands down over anywhere else in the world, there are cheaper places, but I do not want to live there. mexico is definitely out for us, way to dangerous. Cambodia is very cheap (except for restaurants), but I do not want to live there. For dental work Thailand easily wins, we got work done in Mexico 6 years ago and the costs for the exact same work in Hua Hin Thailand were less than Mexico 6 years ago.
SE Asia is the only safe haven left but don't count out Mexico. It isn't nearly as cheap as SE Asia or as it used to be but it's not as dangerous as you might think. Thank you for watching!!! 😊
@@BrianandCarrie We can agree to disagree about Mexico, I think you guys like Mexico because it is close to the USA, and flights are cheaper and shorter, for you a win win. For my wife and I we have family in the Philippines, we are closer in Thailand, we do not need to be close to Canada after we move, we plan to actually move to Thailand, and not travel around much except for SE Asia. Flights are very cheap in SE Asia. Everyone is different, we are OK with a trip back to Canada every 2 years or so.
We like Mexico because of the people, amazing food, climate and history. The fact that it is close to the US is just a bonus! 😁