Brett and I had no idea when we started out last year how we would feel about traveling after a year, or whether we’d want to keep going, but it’s turned out that we enjoy our nomadic life and want to keep going. There’s still a lot of this world we want to experience. However, beginning next month there are two upcoming financial matters that are going to cause changes to our monthly budget and that will impact not only how we travel but potentially how much of it we can do for a while.
- The out-of-pocket costs for all of my dental work this summer (three fillings, a new bridge, a tooth extraction, and teeth whitening) and Brett’s work (deep scalings) came to a whopping $3,590 – OUCH! We had both insurance and the means to pay the balance, but beginning next month we want to start replenishing our savings account by a few $100 per month.
- The cost of attending Bryn Mawr this year will exceed the financial aid YaYu receives, and next month we will begin helping her meet her out-of-pocket costs for the spring term and on into her senior year (she is in her second year now). YaYu works very hard and is extremely frugal and has so far been able to meet her expenses, but what’s left in her savings after this fall’s payment won’t be enough to cover all of the spring term’s bill, so we will step in and make up the difference. Meiling graduated without debt, and WenYu will next year as well, but they both received much larger scholarships than YaYu and were also attending at the same time with siblings, which increased the amount of aid all three girls received. Beginning in the fall of 2020, YaYu will be our only student, and we expect the amount of aid she receives to drop (it already dropped some because Meiling is no longer attending college). So, we will begin setting aside an additional several hundreds of dollars a month for the next two years for her so that she will also be able to graduate without any debt, or at least with as little as possible. Our other children have let us know that although we didn’t provide them with similar financial support, this is the right thing for us to do now for YaYu.
These two items are going to most directly impact our on-the-road expenses, most especially the amount of money we have available for day-to-day spending. Currently, we budget for an average of $50/day, with funds covering not only food but all our local transportation costs and incidentals such as admission fees or other necessary items. Beginning in September, we will be reducing our daily spending average to $35/day. Our summer in Portland has been good training for this lower amount as we’ve tried to keep our average about there (not all that successfully, but we’re getting there – it’s currently under $25/day for August). Thankfully housing during our stay in England is already paid for as are the overnight stay at Heathrow, our lodgings in Edinburg, our train fare out to the Cotswolds from London, two tours we are taking in London, and lodging for an overnight stay in Oxford during YaYu’s visit in October. We know though we are going to have to be very, very careful with and mindful of every penny we spend in England.
Our belt will also have to be tightened a bit more when we arrive in Japan in January of next year because the cost for our housing there will be more expensive than it was before thanks to the current exchange rate, and we will be paying rent month by month rather than ahead of time. If Brett gets the cultural activities visa I can work part-time which will help our bottom line, but if our stay is only for three months finances will be quite tight. We’re not sure yet what we’ll have available for our daily spending because we don’t know what the exchange rate will be, but we know it will be less than $35. We’ve already decided that we won’t make as many outings as we did during our stay earlier this year, and we’ll focus more on spending time with our son and family and helping care for our grandchildren. Our up-front transportation costs have already been covered, but we still don’t know at this time when we will need to purchase fares to leave Japan or to where. If the lower daily amount is unsustainable we will have to lessen the amounts we’re reimbursing our savings and setting aside for YaYu, but we’re hopeful we’ll be able to manage on less.
So, we’re going to have less room to maneuver, budget-wise, for a while but we are up for the challenge. I think we’ll be fine but we’re going to have to be far more careful and creative, say “no” to ourselves quite a bit more, and most likely change up how and where we travel for the next couple of years.