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📚 Budget 🛠️ Medium ⏱️ 7 min 🗓️ Updated on June 15, 2024

Travel Budget: How to Travel on the Cheap

My tips and tricks for traveling without breaking the bank while fully enjoying your adventures.

Introduction

Traveling doesn’t have to cost a fortune. With the right tips, you can discover the world without emptying your bank account.

Budget Accommodation

Youth Hostels

  • Price: 15-30€ per night
  • Advantages: Meeting people, shared kitchen
  • Disadvantages: Less privacy

Couchsurfing and Exchanges

  • Price: Free
  • Advantages: Local immersion, savings
  • Disadvantages: Less flexibility

Cheap Transport

Low-Cost Flights

  • Booking: 2-3 months in advance
  • Days: Tuesdays and Wednesdays are often cheaper
  • Airlines: Ryanair, EasyJet, Wizz Air

Local Transport

  • Day pass: Often more economical
  • Bicycle: Affordable daily rental
  • Walking: Free and great for discovery

Budget Food

Local Markets

  • Price: 2-3 times cheaper than restaurants
  • Quality: Fresh, local produce
  • Experience: Cultural immersion

Street Food

  • Price: 3-8€ per meal
  • Authenticity: Traditional cuisine
  • Practical: Eating on the go

Bonus Tips

  • Season: Avoid peak season
  • Duration: Longer stay = lower daily cost
  • Group: Traveling with others reduces costs
  • Flexibility: Flexible dates and destinations

Sample Budget: 2 Weeks in Europe

💰 Backpacker Budget - 2 Weeks in Europe

Catégorie Estimation

Round-trip flight

Low-cost, booked in advance

80 - 150 €

Accommodation

Youth hostels (14 nights)

210 - 350 €

Local transport

Bus, metro, regional trains

100 - 180 €

Food

Mix of groceries and street food

200 - 350 €

Activities

Sightseeing, free museums

50 - 150 €

Extras

Souvenirs, contingency

60 - 120 €

Total estimé

700 - 1 300 €

Accommodation Comparison

Youth Hostel vs Hotel

⚖️ Youth Hostel

Avantages

  • Very affordable price (15-30€/night)
  • Meeting other travelers
  • Shared kitchen to save money
  • Social and friendly atmosphere
  • Often well-located in city centers

Inconvénients

  • Lack of privacy (dormitories)
  • Possible noise at night
  • Shared bathroom
  • Not suited for couples/families
  • Need to watch your belongings

⚖️ Airbnb vs Hotel

Avantages

  • Equipped kitchen (meal savings)
  • More space than a hotel room
  • Immersion in a local neighborhood
  • Often cheaper for groups
  • Washing machine sometimes available

Inconvénients

  • Variable quality depending on hosts
  • Cleaning fees sometimes high
  • No hotel services
  • Check-in sometimes complicated
  • Cancellation policy can be strict

Budget by Travel Style

Backpacker Budget (40-60€/day)

Accommodation: Hostels, couchsurfing, camping Meals: Cooking at the hostel, street food, markets Transport: Local buses, walking, cycling Activities: Free museums, hiking, beaches

Ideal for: Young travelers, long stays, adventurers

Comfort Budget (100-150€/day)

Accommodation: 2-3 star hotels, Airbnb Meals: Local restaurants, some fine dining Transport: Public transit, occasional taxi Activities: Paid admissions, guided tours

Ideal for: Couples, families, week-long trips

Luxury Budget (250€+/day)

Accommodation: 4-5 star hotels, boutique hotels Meals: Fine dining restaurants Transport: Taxis, private transfers, car rental Activities: Exclusive experiences, private guides

Ideal for: Special occasions, short trips, comfort priority

Frequently Asked Questions

Plan for a minimum of 50€/day in backpacker mode in Europe, plus the flight and a 20% safety margin. For 2 weeks in Europe, budget 1000-1500€ all-inclusive.
Choose a card with no foreign transaction fees like N26, Revolut, or Wise. Avoid exchange and withdrawal fees which can represent 3-5% of your spending.
Use comparison sites like Skyscanner or Google Flights. Set up price alerts, be flexible with dates (+/- 3 days) and airports. Midweek flights are often cheaper.
In peak season, book accommodation and popular activities in advance. In low season, you can be more spontaneous and sometimes negotiate prices on the spot.
Use an app like TravelSpend or Tricount. Set a daily budget and track your expenses. Keep a reserve for unexpected costs (about 10-15% of total budget).