One size does not fit all, and this is especially true of touring cyclists. Some travel the country as fast as they can because they've got to get back to work. They self-fund their trip or have raised funds. Some have private sponsors, some have corporate sponsors. Some raise money for charity, some don't. Some go for longer tours by saving up, maybe renting their house or subletting. Others may give up all they own, get on the bike with few resources, and just go and live a lifestyle of being on the road. Some camp, some stay in hotels or hostels, some eat out every night, some cook at their campsite every night. One guy I followed on Facebook last year even raided dumpsters behind grocery stores for all his meals just to highlight how much waste there is in this country (and he ate like a king, btw).
So when the question was posed recently in a Facebook group about financing a trip, well the answers were as varied as the types of cyclists who make those trips. I have yet to start my big journey but no matter how you make the journey, you always have to have some preparation. Some cyclists recommend travelling very light. Some cyclists travel heavier. There's no right or wrong way. It is a minimalist lifestyle but you still have to be prepared. If you're traveling in the summer, no need to have a heavy sleeping bag that goes down to 20 degrees. If you're traveling in the winter, you need to have warm clothing to protect you, and you may need different gear.
I am starting my journey in the winter, but I am starting in southern California where the weather is moderate pretty much year round. Nevertheless, I will be getting into higher elevations before Spring officially begins, and I may run into some cold temperatures and even very cold temperatures. So I have to be prepared for that. Then as I head more towards summer and the country begins to warm up, I will store some of my warmer clothing and gear with a family member and have lighter gear. Because for me it's going become more of a lifestyle.
So it's hard to tell anyone how to prepare for a journey because there are so many things to factor in. However, I do recommend 2 things:
1. Have a Paypal debit card. That way people can put money into your Paypal account and you can access it instantly. INSTANTLY. And sending money Paypal to Paypal as a personal thing does not get any fee charges.
2. Send re-supplies ahead. You may need them, you may not. But to send yourself care packages to friends or family you will be visiting will help you. If you don't need them, send them to another station. I plan to travel with about 4 days worth of food, and that will get me through any patches where I might not have a host family, but I will also have food gift cards, maybe even some common grocery store gift cards. I even bought a little credit card wallet thing to hold gift cards. Now I just have to stock it.
I am not expecting to leave California with any kind of real bankroll behind me that will fund me. My "bankroll" is in being prepared up front and using Warm Showers and churches as much as possible.
God will provide.
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