One of the reasons Southeast Asia is such a popular destination among millennial is its affordability. It’s cheap, especially if you come from the western world. Taipei is no exception to the rule, even as one of Asia’s more well-developed countries. There are no hard rules to budgeting for travel. It depends on the kind of traveler you are. If you eat local food at modest prices (very doable), buy groceries to make your own meals (make sure you book accommodation with a kitchen), use public transit and keep an eye out for deals (IE: free nights at a museum) you can easily get by on CAD $50-60 a day/TWD $1250-$1650.
Taipei has scores of free things to do; parks, temple visits, festivals, hiking trails and even swing dancing (it’s a big deal in Taipei). This budget could easily be broken if you take taxis everywhere, stay in lofty hotels and spend a bunch of money shopping. Luxury travelers generally don’t care much for penny pinching.
For expert budgeting tips, see Nomadic Matt’s travel site and buy his How To Travel The World On Fifty Dollars A Day; a best selling budget bible for travelers.
Change your money into local funds BEFORE you get to wherever you’re going. First, your bank of choice will generally get you the best exchange rate possible. Second, having a set amount of cash on hand automatically makes you more budget conscious. Third, you won’t flush a bunch of money down the drain in bank fees. There’s no worse feeling than checking your bank and visa statement a few days after you’re home and seeing that you spent $10-$50-$100 dollars on transactions that could have been avoided. If you don’t have a chance to change your money before you leave, there are usually a few exchange counters in most decent airports, but you won’t get the best rates possible (and you deserve the best, don’t ya?).
Thanks to Drift Away Travel for the content sharing.