How Much Money Should You Save When Going Backpacking Around Europe?

By Michael Ferguson

Backpacking around Europe is an experience of a lifetime, and if planned correctly, it can be an affordable way to travel. When you’re on the road, you’ll likely be spending money on accommodations, food, transportation, and activities. To make sure you don’t run out of money while backpacking around Europe, it’s important to plan ahead and save enough money before your trip.

To get a good estimate of how much you should save for a backpacking trip around Europe, consider the length of your trip and the destinations you plan to visit. Longer trips with more expensive cities will require more savings than shorter trips with cheaper destinations.

When budgeting for your trip, remember to factor in the cost of accommodations. Hostels are generally the cheapest option for travelers on a budget. Depending on where you stay and the time of year you travel, hostel prices can range from €5-€50 per night.

Food costs can also vary widely depending on where you go and what type of food you eat. Eating out at restaurants every night is going to be more costly than cooking your own meals in a hostel kitchen or buying food from grocery stores or markets. Estimate that food costs will take up about 25-35% of your total budget each day.

Transportation costs will also vary depending on how often you move around and which type of transportation you use (e.g., bus vs train). If most of your destinations are within Europe and not too far apart, consider getting an Interrail pass which gives discounted access to trains throughout Europe for a certain period of time (usually 1-2 months).

How much money should you save when going backpacking around Europe? It really depends on the length of your trip, the destinations you visit, and how much money you want to spend on accommodations, food, transportation, and activities. A good rule of thumb is to save up enough so that 25-35% of your total budget each day goes towards food expenses while also accounting for accommodation costs as well as transportation costs if needed.