How much money do you need to live as a digital nomad?

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With the world opening up, there’s been a renewed interest in travelling and working in different countries as a digital nomad. So how much money do you need to make it work abroad? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.

With the world opening up, there’s been a renewed interest in travelling and working in different countries as a digital nomad.even entire families can get in on the actionI’ve been a full-time digital nomad since 2019 and have lived and worked in six different countries.

As seen above, the country you choose is the most crucial factor as to what your expenses will end up being. Many digital nomads start in cheaper countries in Asia, Eastern Europe, or South America. If you can afford a bigger budget, many more options are available.:If you need to travel in style in luxury hotels or apartments, this will be much different than the backpacker who wants to live in a hostel.The more you travel, the more you’ll spend due to transportation costs.

If you’re going to a country with costly health care, such as the United States, look into purchasing travel insurance. I also highly recommend having an emergency fund of at least six months before starting this journey, as many issues can happen during long-term travel.

 

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