Top six tips for saving money on your next holiday

With so many iconic countries, many tourists plan shorter city breaks to see the best of one destination or extend their traveling across multiple destinations to experience as much as possible in one trip.

However, the cost of traveling can add up very quickly when factoring in flights, accommodation, transport, meals, and visiting local attractions. Unexpected bills from medical emergencies or accidents can increase this even further.

That is why finance experts from Finansplassen have shared their top tips for cutting costs when traveling abroad without limiting the experience. In fact, some of these tips will help make the trip feel more authentic than choosing the more expensive options.

1) Eat like a local

Avoid the unnecessary restaurant charges by sourcing your meals from cheaper options. Grocery stores are abundant in European countries and offer many different options that are perfect for tourists, including pre-made sandwiches and meal deals.

Find the freshest ingredients by visiting local food markets, either on select days of the week or searching for a permanent location. This is a great way to become immersed in the local culture as well, especially in countries that take their food very seriously.

You could also consider staying somewhere with a kitchen or cooking facilities. Cooking your own meals is always going to be cheaper than visiting restaurants and cafes all the time, which can be especially cost-effective for long stays.

2) Visit affordable attractions

Every city has its main draws for tourists, but these areas can be very expensive as a result. You should look for attractions that are safely within your budget or maybe even free to visit, like public gardens or historic landmarks, that can be just as satisfying.

There are many sources of information for these sorts of activities, including searching online each day or checking travel guides. Similarly, you can ask the locals what they would recommend seeing to discover some locations that otherwise might be missed.

If you do book tours or excursions, make sure to shop around. There are likely to be multiple options for tour guides in the area that will offer different experiences and prices. You could also inquire at the reception of your accommodation to see if there are any deals for where you are staying.

3) Explore local travel options

Public transport can be very efficient in places that receive a lot of tourists and is a much cheaper mode of travel compared to taxis. Look at the metro systems and bus routes in the area to see if there are any travel passes you can take advantage of.

You should also be walking about as much as possible to enjoy the ambience and save money along the way. Many major attractions end up being close together or can easily be found by just following the central walking routes through the main cities.

Cycling is another option for easy travel that is already utilized by many locals. Renting a bike to use for your whole stay is likely to be more cost-effective than hiring them from pay-as-you-go stations for short distances, just be sure to bring strong security locks.

4) Travel offseason

While it may seem appealing to visit hotter countries in the summer season, this is when the prices will be the most expensive due to the high demand from tourists. Some cities receive similar levels of footfall in the early winter, so spring and autumn are recommended as the seasons for planning your trips.

Traveling in the summer will also impact your accommodation options and visiting attractions, as they are more likely to be booked up or packed with crowds. Try to choose times to avoid the summer holidays and busy tourist seasons.

Another point to consider is that you are likely to get a less authentic experience when passing through the major cities and towns in the summer because there will be fewer locals there to interact with than during other times of the year and it is likely to be far cooler in less urban locations.

5) Do some research beforehand

Once you know your intended destination, it is always worth heading online to plan your journey and explore what options are available to you. This can help alleviate many of the usual costs by finding cheaper deals for your transport and accommodation.

Flights can be one of the biggest travel expenses, so you should compare multiple airlines and travel sites to get the best prices. There may also be flights departing a day later or earlier than your first choice of date at lower costs.

Another potential money saver is looking into all-inclusive city passes intended for tourists at your destination. Many of them include free attractions and limited use of the public transit system or can provide discounts for selected activities and/or restaurants.

6) Prepare for unexpected circumstances

It is difficult to know exactly what will happen when traveling abroad, which is why it is safest to prepare for the worst to avoid outrageous costs. This could include medical emergencies or unexpected travel delays that may prevent you from catching transport.

See whether your flights or holiday packages include travel insurance, or look at deals that may be cheaper for families and/or couples. Some bank accounts can also include insurance package benefits, but ensure that this will cover exactly what you need.

An essential item for all European travellers is the free European Health Insurance Card (EHIC) or the Global Health Insurance Card (GHIC) for the UK, which entitles you to state-provided healthcare at the same medical costs as insured locals in many other countries (often free).