1. Divide your travel expenses into five major buckets: visa processing, intercontinental transportation, accommodation, pocket money, and emergency money. Pocket money includes budget for sightseeing, food, and city transportation.
2. Make tons of sacrifices. Before your trip, don’t buy expensive coffee, eat out at restaurants with friends, or have mini getaways. Avoid shopping, and say no to that Spotify premium registration.
3. Know what you need for your visa application. During your visa application, you will be asked for the specific places you’ll visit. So be sure to be ready with a detailed itinerary. You also need to include the cost of the roundtrip tickets, transportation, and accommodation. Do this by multiplying the country’s average daily expense by the number of days you’re staying there and by the exchange rate.
Here’s a sample computation.
4. Pay in cash. Use your credit card only in cases of emergency. Local banks usually have an additional charge for purchases you made by card abroad.
5. Save on food. Pick highly rated hostels with free breakfast and a kitchen. Make your own sandwich for breakfast or one of your meals, so you don’t have to spend 15 to 20 euros more at a restaurant.
6. Take the train. Trains usually depart and arrive at safe hours. When you’re in the train, you can lie down and stretch thanks to the cozy bunk beds. Also, the view outside is just so scenic.
In May 2015, Vanessa spent 26 days in Europe, covering five countries and eight cities. She spent roughly 160,000 pesos.