What does it cost?

It all depends on what you’re doing, where you’re going and for how long. Long haul flights are much more expensive than regional ones, for example, and insurance and visas vary country-by-country. 

It's estimated that the average gap-year for young people is £5000, while that goes up to £6000 for more mature travellers and £9000 for career breakers, plus flights on top. The key word here is average, but it at least gives you a ‘ball park’ figure.

A gap needn’t break the bank, but it helps if you start by making yourself a list of all the things you might need to pay for, and then research how much it all comes to. Look at your chosen locations and do a bit of research as to how much the essentials cost – accommodation, food and travel, costs between towns/countries here. This will give you your absolute base budget per day, on top of which you can add costs for activities - seeing sights, adrenalin activities (if that’s your thing) and, of course, going out!

The gap-year guidebook includes a chapter on finance and insurance, which includes checklists of what you need to think about and expert advice. Here, you can search for companies that provide financial services.

Advanced Payment Solutions Ltd

UK

0871 277 5599

www.mycashplus.co.uk

Produce the Cashplus Card, a pre-paid card which ensures you do not go overdrawn, incure interest or fall prey to credit card fraud.

Cash Passport

UK

cardservices_prepaid@mastercard.com

0800 056 0572

www.cashpassport.com

Cash Passport can carry many different currencies at one time meaning you can travel or shop freely from one country to the next. You can even use it online to avoid hidden charges.

Caxton FX

UK

info@caxtonfxcard.com

www.caxtonfx.com

Caxton FX provide a prepaid currency card usable wherever you see a MasterCard symbol. They also offer an app which allows you to transfer money to the card.

Escape Prepaid

UK

customerservices@escapeprepaid.co.uk

0871 220 6420

www.escapeprepaid.co.uk

With the 'Escape Travel Money Prepaid MasterCard' you can withdraw cash from over 1.5 million ATMs worldwide, usually without having to pay a fee.

FairFX Plc

UK

enquiries@fairfx.com

+44 (0)20 7107 1206

www.fairfx.com

FairFX offer a free chip and PIN secure card when you load £50 or more, which can be used in over 220 countries.

H&T

UK

0800 838 973

www.handt.co.uk

H&T specialises in a variety of financial services, including fast-turnaround foreign exchange. They have over 180 stores across the UK.

my Travel Cash

UK

0845 867 6496

www.mytravelcash.com

my Travel money offer the pre-paid multi currency card which allows travellers to withdraw cash in any currency without ATM fees.

Patchwork Present Ltd

UK

hello@patchworkit.com

+44 (0)20 8617 8487

www.patchworkit.com

Patchwork offers a fun and creative way of funding your gap year by creating a wish-list and sharing it with friends and family, making keeping track of donations much simpler.

Revolut

UK

+44 (0)203 322 83 52

www.revolut.com

Revolut is a Global Money App, it allows you to exchange currencies at perfect interbank rates, send money through social networks and spend with a multi-currency MasterCard®.

T24 Black Card

UK

support@t24blackcard.com

+44 (0) 20 7281 6090

www.t24blackcard.com

Offers a USD-denominated prepaid card that comes with complimentary premium travel insurance and standard Priority Pass membership, giving you access to 850+ airport lounges worldwide.

Travel Money Card Plus

UK

0344 809 4564

www.postoffice.co.uk/travel-money/card

Travel Money Card Plus is a prepaid MasterCard. You can manage your account from anywhere via an app, online or even by text message.

Travelex UK

UK

www.travelex.co.uk

Whether you're going to Andorra or Zambia, we've got you covered. With a choice of over 45 currencies and a range of Cash Passports™, we'll make it easy for you to get your travel money.

Virgin Money

UK

info@virginmoney.com

0845 089 6278

http://uk.virginmoney.com

Offers a 'Pre-paid Travel Money Card' enabling travellers to budget more easiliy and spend abroad with greater security.

WeSwap

UK

support@weswap.com

+44 (0)203 053 6610

www.weswap.com

WeSwap let travellers around the world swap currency with each other with no hidden costs, so that everyone gets the fairest rate and has more to spend.