How to Calculate Cost of Travel

Are you going on travelling in this summer holidays. You must calculate the cost of travel before going to travel in reality because it will reduce your misuse of your money. Proper calculation of cost of travel will also be helpful for you for proper management of your cash and you will not face any difficulty due to increasing the cost of travelling.

During Travelling on Boat

1.       Cost of Transport Outside City

There are three main modes of transport. One is train, second is bus and third is airplane. Cheap is train. There are lots of online websites which tell you the cost of going and returning cost. For example, you have to go from Delhi to Kolkata through Kalka Express. You are interested to know the cost of Sleeper seat. Just go to and search same. Just open kalka express train information and you will find the exact cost.

2.       Cost of Transport inside City

a)      When you will go to railway station or bus stand or airport, you have to pay the cost of transport inside the city. For example, you will hire the car for reaching the airport. So, when you will go you will and when you will return same cost, you will pay, so you will have to calculate the total of both costs.
b)      When you reach your destination. You may visit 5 or 10 important place. First of make the list of all the places which you will visit. Now, calculate the cost of this transport. For calculating correct this cost, you should search google, there are lots of visit who loves to write the cost from one place to other place. For example, last time, I went to Jaipur, I think, I wrote the cost of my dharamshala to jal mahel. Like this, you can calculate the cost of from your hotel to your place where you have to go. For better result, you should make the planning one month before the travelling.

3.       Cost of Living During Travelling

If you are travelling, you should calculate the cost of living in the Dharamshala or hotel. In India, you can get one room easily in any Dharamshala by paying Rs. 50 to Rs. 200 per day. For calculating the total cost of living, you will multiply per day cost with number of days, you will live.

4.       Cost of Eating During Travelling

Your cost will almost be double from your eating in a day. It may be dependent of your diet. What you are interested to eat and where you will eat. Make the list of different eatable products in a day.
Count the number of days, you will live outside. Count the number of persons. Search the prices of same product at different places on google. Now, you just multiply all these things. For example, I and my friend just drink the water during the travel.

Our travelling days 5 X number of persons 2 X cost of one bottle of water Rs. 20 = Rs. 200

5.       Cost of Cash Money in the Pocket

You will love to keep cash in your pocket instead to keep in ATM. So, you will not get any interest on this money. Loss of interest is also part of the cost of your travelling. For example, you go to India from USA. You live India for One year. You have taken $ 100,000 cash in hand and same converted in Indian Currency whose value is Rs. 54,00,000. Now, you have consumed just rs. 400,000. You went back USA with Rs. 50,00,000 and converted in USA Currency whose value is $ 92302.01 after one year. Interest on this money is the part of cost of your travelling.

6.       Cost  of Buying Products During Travelling

Make the list of all the products which you will buy during the travelling. For example, you are going for travelling for discovery. Search on the google what you will find in that place which will be helpful for your research and discover. Now, there are also online eCommerce store. So, you can find its price. After reaching, you can touch physically before buying. So, to calculate this cost is also must.

Warning : -

 If you are travelling though any organisation or group or any agency, you must give money after calculating cost of travelling with my above points because there are many organisation who are just interested to cheat innocent travelers by taking amount which will be very big and more than actual cost. Beware from these cheaters.

Related : How to Estimate Expenses






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Accounting Education: How to Calculate Cost of Travel
How to Calculate Cost of Travel
Accounting Education
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