I am not the best person to answer your question about budget as I tend to start with a certain amount of money or a set income and see how long it lasts, it is difficult to calculated due to different lifestyles and expectations. As for should you do it or not, I have never met anyone who has packed in all in and gone off travelling and regretted the decision, it is a great experience.
It is a bit cheesy but here is a get up and do it video.
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