SAIGON
ITALY
QUITO
Our Finances: $1752 and Draining by Matt on November 14, 2008

It’s time to make our accounting apparent. After all, one crucial thesis of this experiment is that these adventures are possible on a bare-bones budget. Frankly, It’s been a constant battle. As we’ve explained, a hefty savings would have been much more comfortable than a summer of grueling jobs and mimunum-wage living. The first weeks in Vietnam have been so hectic because Saigon made us sweat moisture and money at equal rates. Finances are another burden, another challenge, another one of those recurring crises people encounter in travel.
We’re trying to forge a path that others can easily follow, and money is the launch pad. So we’re weaving our fickle finances into our developing story – in essence, we need to prove the $0.00 in Jet Set Zero.

We left Seattle and landed in Saigon with $3859. Three months of labor had seen that money steadily accumulate, but our first month saw it rapidly melt.

Here’s our financial footprint so far:

$630 – Housing and accommodations for 3 weeks

$260 – Expensive trip to Nha Trang

$125 – Bonus Hog, but she’s a recent addition to our team…and yes, we bough, and are currently driving, a motorbike for $125

$672 – Food – 3 months of our summer nutrition-less food budget inspired a little financial recklessness our food spending, and we averaged about $8.50/person/day, including daily trips to wifi cafes. We love our hotel, but trying to do Jet Set work in those dark stuffy rooms just makes us yearn for cool temperatures, fresh air, and peaceful quiet, all of which are so abundant in Saigon… so we’re driven to local wifi cafes, which always involves opening and emptying our wallets.

$200 – Drinks – we haven’t yet figured out the cheaper watering holes, and we’ve had a couple epic party nights, though to be fair, a “bad night” drinking can set us back a whopping $30…

$45 – Transit – daily Xe Om (motorbike taxis) rides to/from work and big taxi rides (from drivers who liked taking long expensive excursions before dumping us off at our destination) are adding up pretty quick

$175 – miscellaneous get-yourself-set-up costs, including annoying banking withdrawal fees

So, we’ve spent $2107 so far, leaving us with $1752.

Seems ok, right? Unfortunately, we don’t get paid for another week and our teaching schedules are far from mature, so we don’t expect to pull in much money. At this point, we need to move to cheaper housing and find a way to stop leaking money at local cafes…
At the end of each week, we’ll post a financial report which follows the episode, telling you the poor, the bad, and the poverty of our travels.


Comments

There are 9 comments for this post.

  1. aimee on November 15, 2008 8:32 pm

    It’s great that you posted this! was always curious how you guys get by with finances. It’ll be interesting to see what this looks like right before you jump for the next country. :)

  2. johnsons531 on November 16, 2008 1:16 pm

    my company was just asked if we could post this information since we are a not-for-profit company. obviously, you have a more apparent motivation for posting this info, but it always is interesting to see since discussing finances is so taboo. it’s inspirational.

  3. Jedidiah Mitchell on November 16, 2008 7:18 pm

    I feel like I should start posting these financial progress reports myself — give some hilarious context by comparing the cost of living for six men in Vietnam with one in Massachusetts.

  4. Rob on November 16, 2008 7:24 pm

    Of course! This information is out there for anyone that can use it. Please feel free. Tell us more. What organization do you work for?

  5. Rob on November 16, 2008 7:45 pm

    I like it Jed– a point of comparison to put it all in perspective.

  6. johnsons531 on November 17, 2008 5:23 am

    the comparison would definitely add useful perspective to your project. and perhaps some motivation to you all, rob.

  7. frcarlop on November 17, 2008 8:31 am

    Matt forgot one line-item :-) :
    3 weeks of living in Saigon/HCM City: Priceless

  8. Mark J. Lehman on November 19, 2008 3:23 pm

    Definitely interesting getting a behind-the-scenes take on how you guys are doing. Hope you don’t end up having to prostitute yourselves or anything… I’d rather not see anybody in those videos uttering the phrase “Me love you long time.”

    A possibly useful tidbit of info for you: since I recently moved overseas and did not want to shell out ATM fees for every withdrawal, I did a lot of banking research and found that Schwab has a great checking account that reimburses all ATM fees. It’s only a couple bucks here and there, but every Dong counts, right?

  9. Jet Set Zero // Finances: $1036, almost down to triple digits on July 19, 2010 8:29 pm

    [...] September was closing, we had $1752 to our names. Unfortunately, the sources of our slow financial death continued unchecked, and money disappeared [...]

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