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Budget

Due to the fact that my friends and I are still students with no full time jobs or careers in the near future, it is important to all of us that we keep the costs as low as possible. As I have already stated, one of the reasons we decided on Iceland was because it is different and the costs of tickets is relatively low in comparison to other places we considered. After extensive research into planning this trip, we believe it is possible to do this trip for under $1,200 per person. 

 

 

Expenses 

FLIGHTS 

 

With WOWair the cost of flights for 4 travellers for a round trip from Toronto, Ontario to Reykjavik, Iceland

 

Departure: Sunday, September 4th, 2016 at 7:30 pm from Toronto - $185.26 CAD

Arrival:  Monday, September 12th, 2016 at 3:20 pm from Reykjavik - $259.00 CAD

Total Cost of Round Trip Flight per person: 

$444.26 + $84.30 (tax, fees, and charges) = $528.56 per person CAD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAR RENTAL 

 

Car Rental Company: SADcars

3 Door Toyota Yaris 

Unlimited Kilometres 

Total: $934.20 CAD/ 4 people = $233.55 each 

 

 

GAS 

 

Information retrieved from: https://www.fueleconomy.gov/feg/Find.do?action=sbs&id=31734

355 Miles per Tank 

42.18 L Gas Tank x $2.66/L = $112.00

Ring Road Trip is 850 Miles 

850 Miles/355 Miles = 2.4 Fill Ups (round up to 3) 

3 fill ups x $112.00 = $336.00 CAD 

Total gas money per person: $336.00/4 = $84.00 each 

 

 

ESTIMATES OF OTHER TRAVEL EXPENSES (FOOD AND ACTIVITIES)

 

Remainder of our budget will be allotted to food expenses, such as, groceries and the occassional meal out. Since we have no specific plans for what we will be doing each day, I can only estimate approximate expenses on activites. 

 

Flights + Car Rental + Gas Money = $846.11 

Therefore, according to our budget, we will have $353.89 to spend accordingly. 

 

SUPPLIES

 

Most, if not all the supplies required for this trip we already have, including, a four person tent, blankets, pillows, sleeping bag, map, minimal clothing and warm clothing, hiking boots, protein bars, and travel documents 

 

 

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