Can you do Europe with $5,000?

I Spent 7 Months In Europe On Just $5,000—Here's How I Made My Money Stretch. Europe doesn't have to be expensive. Europe isn't exactly a budget destination—you can easily splash thousands on three days in a villa with that view of Santorini, or in the perfect Parisian apartment in the Montmartre.



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No, it is not possible to travel across Europe in 30 days for 5000. It would be a very tight budget and you would have to make some sacrifices along the way.

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From December 1 to January 22, 2017, I made my way through Europe with only a backpack and a $5,000 budget. As great of a trip as it was, I learned a lot about living out of a backpack. There are many things I would do differently if I were to go back to save money and have other experiences.

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It all depends on where you're going and what you plan to do during your trip. As you can see from our travel costs table above, some European cities are cheaper or more expensive than others. As a general rule, though, it's a good idea to budget at least $100 a day for your vacation.

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It can be done, but you'd have to budget money carefully and watch how much you spend on food, sights, etc (and that takes away some fun & spontaneity. I prefer to go the 3 star route and free up extra spending money (I'd still avoid fancy dinners every night).

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If managed carefully, a $5,000 budget is more than enough to eat and drink your way across the continent on a 10-day or two-week trip –or perhaps even longer.

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With 10,000 USD, you could easily travel around Europe for a few weeks. You could stay in budget hostels and eat at local restaurants or cook your own meals. If you plan carefully and look for deals, it's possible to stretch that amount even further.

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While your exact expenses depend on a lot of factors, here is the short answer to the question: how much do I need to budget for backpacking Europe? Backpackers should expect to spend between $40 – $70 USD/day in Eastern Europe, $70 – $100/day in Western Europe, and $150 – $200/day in the Nordic countries.

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I recommend a backpack around 40L-50L. Personally, I wouldn't go over 65L, but some people like a bigger bag. You can always go smaller, but I wouldn't recommend anything smaller than 35L — unless you're into minimalist travel.

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But, if you're willing to plan in advance (we started planning all of these things about a year in advance to build up the points necessary and such) and willing to do your research and make an effort, it's very possible to spend 10 days in Europe for under $3,000, staying at great hotels and not skimping on expenses.

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You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight.

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You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, TSA has no rules that limit how much money you can bring through security. In other words, TSA has no cash limit per person.

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