Do you dream of strolling through the romantic streets of Paris, soaking up the rich history of Rome or exploring the picturesque countryside of Italy? A European holiday has an allure like no other. But for young adventurers and seasoned travellers alike, funding such an experience can take time and effort. Now is the time to start planning your European summer holiday. Check out these money saving tips and hacks to help you go on that dream holiday without breaking the bank.
Create a realistic budget
Before you start saving, it’s important to establish clear money saving tips, and a budget for your European adventure is the perfect place to start. Research the average cost of accommodation, transport, food, attractions and incidentals in your chosen destinations. This will give you a realistic idea of how much you need to save. Factor in exchange rates and potential fluctuations, and add a buffer for unexpected expenses. A clear budget will guide your savings efforts and ensure you’re well prepared.
Set up a dedicated savings account
Open a dedicated savings account to keep your holiday fund separate from your everyday spending. Choose an account with a competitive interest rate to help your money grow. Automate regular transfers from your main account to your holiday fund to ensure consistent savings without the temptation to spend on other things.
Reduce discretionary spending
Evaluate your current spending habits and identify areas where you can cut back. This could mean cooking at home more often, cutting down on coffee shop visits or skipping impulse purchases. Put the money you save into your holiday fund. Small sacrifices can add up over time.
Embrace the sharing economy
The sharing economy has revolutionised travel. Use platforms like Airbnb or Sonders to find affordable and unique accommodation options. If you’re travelling with friends and family, you can share the cost of food and accommodation. Also, consider ridesharing services and buses for transportation within cities. These alternatives can save you significant amounts of money, leaving you with more money to enjoy your destination.
Travelling out of season
Travelling off-peak not only gives you a more authentic experience with fewer crowds, but also offers significant cost savings. Airfares, accommodation and attractions are cheaper during the off-season. Consider planning your European holiday in the spring or autumn to maximise your savings while still enjoying pleasant weather.
Be flexible with your itinerary
Flexibility can be your saving grace. Use flight search engines and fare comparison tools to find the best deals on airfares. Be open to shifting your travel dates by a few days to take advantage of lower fares. Similarly, consider visiting lesser-known cities or towns that offer equally compelling experiences at a fraction of the cost of more touristy destinations.
Cook your own meals and opt for picnics
One of the joys of travelling in Europe is sampling its diverse cuisine. While eating out is a must, you can save money by preparing some of your meals. If your accommodation has a kitchenette, cook simple breakfasts and lunches. You can also create memorable moments by packing picnics to enjoy in beautiful parks or at scenic viewpoints.
Buying city passes and museum cards
Many European cities offer city passes that give you access to multiple attractions and public transport at discounted rates. These passes can offer significant savings, especially if you plan to visit several attractions in a hurry. Similarly, museum passes offer unlimited admission to various museums and cultural sites, making them a smart investment for history and art buffs.
Use travel rewards and miles
If you have a credit card with travel rewards or frequent flyer miles, now is the perfect time to redeem them. Use them to pay for flights, accommodation or other travel-related expenses. Check blackout dates and restrictions and book early to ensure availability.
Travel light and avoid baggage fees
Packing efficiently will save you time and help you avoid hefty baggage fees. Stick to hand luggage to avoid these extra costs, and remember that most European cities are well served by public transport, eliminating the need for excess baggage.