Many people choose to take a gap year as one last chance at freedom before going into full-time employment or going to university. It can be incredibly eye-opening, but also very expensive. Even the cheapest countries to visit can wrack up a considerable bill at the end!

How much does it cost to travel for 1 year?

You might want to consider your gap year as an extra job. It'll cost you around £20,000, as it's likely that the price of where you live will vary from country to country, no matter how cheaply you try and live. This price includes flights, accommodation, living expenses and even choosing affordable transportation. You'll need to add to this round figure if you're considering living in pricey countries. With such a total to take into consideration, you'll want to cover your belongings with backpacker travel insurance to avoid any other accidental costs.

How can I save for a gap year?

If it's possible, moving back in with your parents will help cut out a whole lot of extra livings costs. If that's not possible, and you're going to need to save a lot more, here are some additional tips:

• Cut out your unnecessary expenses (maybe the manicures and meal deals will have to go!)
• Open a separate savings account
• Set up a standing order for every month to your nominated savings account
• Take up an extra job
• Top tips for travelling cheaply
• The first tip is to check as little baggage as possible. If your backpack can fit in hold luggage, then that's a whole extra financial weight off your back.
• Being flexible and travelling in the less convenient times will also save you the price of an expensive plane ticket. Making your own food, bringing it with you and walking when possible will also help save some pennies along the way.