Ecuador can be an extremely economical country to travel through. It’s also easy to spend lots of money quickly, depending on your travel style and tastes.

It’s a common misconception that traveling is expensive. It can be wildly pricey, or it can be unbelievably cheap, depending on your travel style, the countries you visit, how fast you travel, and the exchange rate of the money you’ll be traveling with.

Even with the rampant temptation this beach bum haven provides, the disciplined backpacker can survive on just $5 a day.

This is an estimated daily travel budget for Medellín, Colombia as of June 2010.

When I’m planning a new trip and scouring the web for information on a certain country/region, one of the first questions I need answered is, “How much does it cost?” Unfortunately, there is little helpful information on the web for an updated daily budget for budget travelers.