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Congrats, you have made the decision to "see the world" and now it is time to think about the logistics. Many backpackers wonder how far their money will take them. The short answer is, it depends on how you travel. One person on a Gap Year can go through $1000 in a week and another can make that budget last six months. There are many ways to save money on the road and extend your travel time significantly.
Let's imagine you are in a hostel and meet some awesome people. They are headed out the next day on a (camping) road trip across Spain and have an empty spot in their car and invite you along. If you can abandon your trip to Paris, you can save a bunch of money and still have a great time.
If you really want to stretch your travel dollars, be as flexible as possible. Travel to Australia is going to cost a lost more then time spent in Indonesia. A bus ride from Holland to London is far cheaper than a flight. Keep an open mind when it comes to accommodations, destinations and mode of transportation. Be ready to adjust plans if new opportunities present themselves. As always, use common sense and don't compromise your safety.
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