Price of Backpacking in Europe!

What is the price of backpacking in Europe? You will need to have at least sixty dollars per day for expenses. Rather than go to Europe and just sit in the hostel as you can't afford to do anything, it is better to have money to enjoy yourself and go for less time.

England Countryside
England Countryside, price of backpacking in europe

Before You Leave Expenses

Travel accessories including toiletry kit, first aid kit, travel locks, money belt, etc. and Digital or Video Camera: depends on what you buy, Guidebook: approx. $23 US, Get a good Backpack: $100 to $250 US, Visas: Canadians, one for the Czech. Republic, Passport: $85 US, $85 CND for Canadians, Travel Insurance: $1.25 per day, Rail pass: $250 to $1,700 US, Plane ticket: $400 to $900, Depending on where you are going and where you are.

Monte Carlo
Monte Carlo, price of backpacking in europe

Expenses When Traveling

This might seem like a lot but it won't be when you get over there, budget a minimum of $60 to $75 per day.

Price of Backpacking in Europe, ATM's in Europe

ATM's in Europe
ATM's in Europe, price of backpacking in europe

While traveling, many people worry if they will be able to find ATM's, don't, they are everywhere. It's good to have money on you just in case you are concerned and if you are going to some small remote town.

Find out how much your bank charges for international transactions. Believe me, you don't want to be paying large transaction fees. I recently discovered my business debit card charges 3% of the transaction so I won't be using this card! If you find one that is more reasonable, change banks. For some people, the security and peace of mind of not having to carry around their money is well worth the fees. Don't lose sleep over it.

In many places you will not be able to access a savings account at the ATM, so you need to have your money in a checking, rather than a savings account. I heard that savings are for savings.

Standard for Europe, you will need to make sure your pin is four numbers. Do not use a word password.

While you are away, inform your bank with a letter that you are giving consent to (name goes here) to do any transactions on your behalf. The person will be able to deal with it, if anything weird comes up, yes, like having your money in a savings account! In order to make it official you may have to go into the bank and sign it in front of a bank employee, depending on where you live.

Price of Backpacking in Europe, Travellers Checks

Travellers Checks
Travellers Checks, price of backpacking in europe

With ATM's being so available, these are going the way of the dinosaur. If you can't access a bank machine, you still should bring about one hundred dollars in travelers checks just in case something happens. It is good to have a financial cushion.

Carrying Your Money Around

You need to have a money belt. It should hold all your valuables, such as your extra cash and plane tickets, passport, rail pass and a money belt is worn under your clothes. You don't want people to know you are wearing it, so you shouldn't be going in and out of your money belt, and leave a bit out in your wallet for your daily expenses. Do wear it! A friend of mine was travelling and he got a little cocky and did not wear his money belt. He was robbed by a pick pocket and lost all his money. Thank goodness he was travelling with a woman who fortunately, had money.

The Euro

The Euro
The Euro, price of backpacking in europe

Twelve countries started using the Euro, on January 21, 2002. These are Spain, Portugal, Netherlands, Luxembourg, Italy, Ireland, Greece, Germany, France, Finland, Belgium and Austria. The Vatican, San Marino, Monaco and Andorra have made the switch, since then.

San Marino
San Marino, price of backpacking in europe

It is really up to the individual businesses but the rest of the countries generally will accept the Euro.

The Euro comes in 1 and 2 euro coins, and 1, 2, 5, 10, 20 and 50 cent coins, and 5, 10, 20, 50, 100, 200 and 500 bills.

2 Euro Coin
2 Euro Coin, price of backpacking in europe

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