Advertising
Advertising

5 Ways To Travel in Europe on A Budget This Summer

5 Ways To Travel in Europe on A Budget This Summer

Summer is here and you’re excited to head off on that dream vacation to Europe. The one small problem is that you’re not really all that ready. You might know when you’re going to go and when you need to be back, but Europe is such a vast and varied place that working out exactly how to do it all properly is pretty overwhelming. What’s worse, you’re not sure that you’ve even got enough money.

Luckily for you, there are a number of smart ways to travel in Europe on a budget. I’ve done it and used them all, multiple times. Below are five simple tips that should help you do the same whilst having one of the best holidays of your life.

1. Hit the Road

Europe is fully covered by a plethora of low-cost airlines offering cheap flights to all the major cities. The problem is that at this time of year the cheapest of these seats have probably been taken up.

Advertising

Young travellers can look to have an authentic European travelling experience by buying a Eurail train pass. These can work out to be very good value if you use them a lot, but they need a lot of forward planning and you will have to move quite often to get your money’s worth.

A cheaper option is to head down to the bus station and jump on a coach. Modern coach travel is pretty comfortable, often now comes with free Wifi, and is usually a much cheaper option than a flight or train ticket. Journey times are obviously a bit longer, but if you can get a night bus, you save twice. Not only will the journey be cheaper but you won’t be paying for accommodation that evening either.

BlaBlaCar is another decent road alternative if you’d like to share a car ride with people making the same journey as you. You can sign up quickly via Facebook and there will be plenty of rides available across the whole of mainland Europe.

Advertising

2. Go East

London, Paris, Rome, and Barcelona all pull at the heart strings of those travellers from outside Europe who are heading over on their first visit, but these major cities do not come cheap, especially in summer. Unless you have a lot of time and money on your hands, it would be wise to make one or two of these cities your jumping off and departure points and then look to the east in order to get some real value for money.

Everything is cheaper the further east you travel in Europe but this does not mean you have to compromise in any way on the amazing places that you can experience here. Budapest, Prague, Warsaw, Sarajevo, and Ljubljana are just some of the city highlights that you can find in the east. In these places you’ll encounter history, culture, and architecture to match all of the big boys. And the people are often more welcoming than in the more historically popular capital cities where everybody is just a teensy bit tired of all the tourists by this point.

3. Unlock Your Phone

One of the quickest ways to watch all your money get eaten when you travel in Europe is for you to use the roaming service from your mobile carrier. Some companies do now offer good deals on this, but any digital nomads who rely on their phones to allow them to work whilst travelling will definitely need more data.

Advertising

The best way to get around this is for you to unlock your phone before your departure and pick up a free SIM card when you enter any of the major cities in Europe. This is particularly useful if you’re planning on staying in one country for a while. Even if you are not, a European SIM from a low-cost company like Lebara will allow you to move from country to country within the EU without incurring too many additional charges.

4. Double Up

Undoubtedly the most expensive part of travelling anywhere is the cost of accommodation. The easiest way to make this cheaper is by splitting the cost. Anyone thinking about making a solo trip should perhaps consider whether there could actually be a good friend out there who might want to join you. Your costs will immediately come down and you won’t have to take so many selfies.

For those people who do really want to go it alone, the best sleeping options will be in the hostels with shared dorm rooms. You can find really cheap beds in these places all over Europe, but some are obviously better than others, so make sure you do a little bit of research before making your booking.

Advertising

5. Eat Cheap, Eat Local

After accommodation, food is where you are most likely to blow most of your budget. This doesn’t have to be the case if you do as the locals do and buy your food stuffs from the supermarket. Bread, fruit, and vegetables are all relatively cheap wherever you go, especially if you are buying local produce. This is an excellent way to save money but also one that pumps money directly back into the local economy.

If you fancy eating out a restaurant try to do so at lunch time. In many European countries this is often the main meal of the day and most restaurants usually offer special lunchtime multi-course options that are very good value.

Featured photo credit: Viktor Hanacek via picjumbo.com

More by this author

5 Simple Ways To Survive Your Tax Returns Super Bowl LI: 5 Reasons To Watch attractive 5 Misconceptions About What Is Attractive To Women The Top 5 Happiest Countries In The World Top 5: The World’s Best Cities To Move To

Trending in Budget Activity

1 6 Easy Ways to Treat Yourself 2 7 Websites to Sell Used Stuff Profitably 3 Seven Tips to Save Money While Renovating Your Home 4 4 Ways to Make Every Penny Stretch in 2017 5 Getting Out of Debt in 4 Simple Steps

Read Next

Advertising
Advertising

Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

Advertising

How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

Advertising

Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

Advertising

Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

Advertising

Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

Read Next