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Backpacking in Southeast Asia for 5.5 months! How much money do I need?

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I'm planning my first backpacking trip for 5.5 months with one other person starting February 2013. We just figured out our route and are trying to calculate expenses.

Route:
Philippines - 2 weeks
Japan - 2 weeks
China - 1 month
Thailand - 1 month
Laos - 2 weeks
Cambodia - 2 weeks
Malaysia - 1.5 weeks
Singapore - 2 weeks
Indonesia - 3 weeks

We plan to end in Australia and live/work there for the rest of the year. All flights have been calculated and came to a total of around $6,500 CDN.

How much more money will we be needing for this trip for daily expenses, nightly accommodations, etc? Will $12,000 CDN be enough?

Any additional information would be greatly appreciated.

Thanks!

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