Budgeting for Europe

Hey guys!

This post is probably the most important topic to consider when planning a trip to Europe: how much can you spend?  In all reality, the amount of money you’ll be able to spend won’t let you visit every place on your long list of destinations.  However, by planning SMART and well in advance, you can see as much as possible for your buck

I would definitely recommend setting a goal for your vacation.  You need to take into account how much you want to see and how long you want to stay overseas.  Be reasonable about the amount you want to save in a certain time.  Realistically, you won’t be able to save $5,000 in two months.  Rather, take a certain amount out of each pay check and put it into a savings account just for your vacation.  This way, you are less likely to spend it on other things.

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Once you’ve decided how much you want to save, you’ll have an idea of how long you can spend on your grand adventure.  Myself, I’m hoping to spend 3-4 weeks in Europe, and travel to Ireland, Scotland, England, and Paris.  I know I want to get off the beaten path and see as much of the local areas as possible, so I’m going to have to budget to rent a car.

I highly recommend making an excel spreadsheet.  It will make it much easier to track what you need to save for each part of your trip.  These categories are pretty basic, so they should work for a lot of trips.  Feel free to add or remove categories to fit your trip.

  • Hotels/Lodging
  • Food
  • Travel
  • Spending Money
  • Miscellaneous

Do you guys have any tips for creating a budget?  Post them in the comments below!

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