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Making a budget is easy. Staying on IT is the real challenge!
And in Europe it's like being on a diet during the Christmas Holidays.
Whether you are traveling on a tour or independently, you want your money
to last as long as your trip without coming home to a huge charge card bill.
Doing some research before you go and having an itinerary will help you avoid
this dilemma.
The following expense list includes a couple of dozen items that
will consume your money quicker than the arrival of the end of your trip
if you don't plan ahead.
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Basic Biggies:
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Twenty Miscellaneous Items:
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An Itinerary listing the things you
want to do and see each day is the first tool you need to anticipate your
trip expenses. The list may include theatre in London (can get costly) or
a stroll around a Medieval ruin on the Rhine (which may be free).
I can hear Tour Travelers saying, "I don't have to be concerned about that
because sight seeing is all taken care of by my tour." Is it? Check
your Tour Itinerary for Free Time and Options. Whoops-- maybe it's not. With
a little research before you leave home, you may discover an Option which
costs you $50+ can be done for $10 and a $2 bus ride. And with additional
research you may find discounts you can use such as Student, Senior, Family,
or group rates, giving you some extra money to splurge on a Gelati sundae.
CURRENT guide books are your second set of important
tools. They are useful in estimating cost of both sights and accommodations.
Again, Tour Travelers are saying, "Taken care of." But like the
independent traveler, the Tour Traveler will want to have the addresses of
their accommodations so you can locate them on City
Maps--your third set of tools. (Get these free from Tourist Information
Offices before you leave) Knowing ahead of time where your hotel is located
and finding out where sights are in relationship to it can save you money
and time there. Many maps for large cities have their transportation systems
mapped out on them. High light the bus or metro stations near your accommodation
and near your sights. This step will make it easy for you to get to the things
you wanted to see during your free time as well as pre-determine what it
will cost.
As an independent traveler you have allot of flexibility for budgeting in
the accommodation area. If you have little or
no money to spend, you can look into Hostel-ing, College Dormitories, or
using SERVAS or House
Swapping--the latter two being almost free. With the help of good guide
books or a trip through TERC you can spend $50 or less a night for a double
to sleep in a castle or convent one night and in an Austrian LocalÕs
home another. You can locate yourself near the sight seeing or festival action
or stay in a village getting closet to local people, thus experiencing more
of your European dream trip while paying less.
The Independent traveler can eat well and healthily for $15--25 a day ($5-7
lunch & 10-15 for dinner--less if you picnic!) If you read up on how
to do it European style. Rick Steves' EUROPE THROUGH THE BACK DOOR is an
excellent guidebook on this topic. Since some meals aren't included in most
tours, Tour Travelers can add some control to their expenses by shopping
at open markets and delis. Find out before you leave where these might be
located. All travelers beware that beverages are $2.50+ "in cup or can" and
will sabotage your spending plans! Plan ahead and start learning how to get
your thirst quenched as cheaply and healthily as possible. And if any traveler
needs a special diet-- a little research re. how and where you can find the
types of foods you need in various countries will definitely make your trip
smoother, on budget and more interesting. (TERC has some good literature
on this topic)
Transportation costs are an area most travelers
need to research carefully and may need some outside guidance with beyond
the guide books. All travelers need a Travel Agent who knows European Air
transportation. Having a finished itinerary can save you alot of $
and make it easy for your Travel Agent to find the best price. Making
changes in your arrival and departure locations can get costly and have your
agent loose interest in servicing you well. The independent traveler
needs a well planned itinerary to determine what type of ground transportation
is best for their group and sight seeing agenda. The number of people in
your traveling party as well as the distances and number of days you are
traveling will play a big roll in determining which is the best deal. Most
good guidebooks can give you costs for local transportation in the cities
you are visiting. Mele and TERC staff are specialists in itinerary
planning and ground transportation and can help you determine how much this
major expense will be. They will point out some flexible train-car-boat-bus
combinations that will save you money and get you to sights you would have
missed.
As a bunch-- the twenty miscellaneous items can add up to a sizable sum which
will make your "biggies" look petit in comparison. Here again there are
guidebooks that provide information to help you make realistic budget estimates
as well as teach you how to avoid "Waikiki" type tourist prices. I recommend
that Hawaii tourists to Europe buy their film here--film is twice as expensive
in Europe. Check the guidebooks for guidelines re local customs for tipping,
how much to expect to pay for admission fees, how to get Sr., Student, and
family discounts. If you plan to SHOP, learn about getting 17% of your money
back on purchases over a $100. (This is a Value Added
Tax--VAT) You might find it useful to research
out where to find reasonable laundries and shops for souvenirs (sometimes
with prices and shop names).
To reduce your inevitable loses when changing money, study up on
exchange rates. Decide early
on in your planning how you will carry your money--ATM card, Travelers Checks,
Cash, and what credit cards you want to use. Check if your
ATM card will work in the locations you are going
to.
With this homework behind you, you will be able to create a realistic estimate
of what your trip will cost as well as be prepared to cut some corners if
the need arises. You will likely find out that by spending less you get closer
to the Europe you came to see.
But the real test is staying close to your budget once you are in the enchanting
atmosphere of Europe. One method I have found effective is to go on a weekly
cash draw system. For example, every Wednesday morning I allot the travelers
checks or cash that will carry me through my Itinerary and budget that week.
Remember the Old Envelope System? If I'm running out of $ on the following
Tuesday morning, I just "picnic on the Seine" or do a "walking tour" instead
of the boat tour of Amsterdam until Wednesday morning. Not following my Itinerary
1 day a week beats running out of money 7 days before the trip is over or
coming home to a charge bill I can ill afford. If I don't use my "unexpected
expense money" I reward my self with a fantasy splurge at the end of the
trip.
Please Drop TERC a Note if you
have any suggestion to add to this topic.
Mahalo, Mele Fujiwara, Travel Consultant
Check out these TERC articles and web sites for more
information:
Budget Back
Packer Trip Costs A list of expenses before you travel +
on your trip with USD
estimates.
Travel
Student Budget Formula Putting these principles to work they stretched
3 months of travel to 5
months
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