RTW Budget Update: Europe

We’ve shared our RTW budget previously and now that we’re a few months in, it’s time to check-in. I’ll spare you the heartburn if you’re curious about the end result – we went over budget. But that’s okay. I’ve got explanations (or excuses) on why we went over budget. Learn from our mistakes and plan accordingly.

Part 1: Major Transportation

  • Estimated Expense: $1,400
  • Actual Expense: $1,002
  • Variance (+Better / -Worse): +$398

Good news! Transportation in Europe is all it’s cracked up to be. Comfortable, clean, fast, efficient, and relatively affordable. We’ve faired much better than expected due to the great decision not to purchase a rail pass. I’ve mentioned before that we were on the fence on purchasing a Eurail pass and I’m glad we didn’t. Here’s how it would have worked out for our route (all prices quoted for 2 people):

  • Cost of Travel with Eurail Pass: $2,170
    • London to Paris via Eurostar (not covered on Eurail): $132
    • Paris to Florence to Cinque Terre to Bologna to Venice to Ljubljana to Budapest: $1616 (the cost of a 10-day saver pass for 2 people)
    • Budapest to Istanbul via Wizz Air: $277
    • Istanbul to Cappadocia and back via Pegasus Airlines: $145
  • Cost of Travel without Eurail Pass: $1,002
    • London to Paris via Eurostar: $132
    • Paris to Florence to Cinque Terre to Bologna to Venice to Ljubljana to Budapest: $448 (the cost of point to point train and bus tickets for 2 people)
    • Budapest to Istanbul via Wizz Air: $277
    • Istanbul to Cappadocia and back via Pegasus Airlines: $145

Part 2: In-Country Costs

So we started our analysis on a high note. And now to the bad news. I’m breaking it up between Western Europe and Central / Eastern Europe due to the large differences in costs.

Western Europe

  • Estimated Expense: $2,520 (14 days at $90 / day / person)
  • Actual Expense: $3,957
  • Variance (+Better / -Worse):  -$1,437

Whoa! That number looks bad. We must have spent all our time blowing dough along the Champs-Élysées in Paris or sipping wine at 5-star resorts in Tuscany. But no. We didn’t do those things. There is a simpler explanation. We spent more time in Western Europe than we had originally planned. Our original budget called for just 14 days (2 weeks), but in reality we spent 21 days (3 weeks).

So – because all things numbers can be fudged around to make things seem better or worse if you want them to, I’m going to do just that. With an adjustment to the budget based on our actual time spent.

  • Adjusted Estimated Expense: $3,780 (21 days at $90 / day / person)
  • Actual Expense: $3,957
  • Adjusted Variance (+Better / -Worse): -$177

So what happened? Even if I try to mess around with the numbers, I can’t fix them. We overspent. We spent too much on cozy apartments in Paris and Bologna, we visited tourist hot spots like Cinque Terre and Venice, and we had far too many apertivos, bowls of pasta, and gelato in our near two weeks in Italy. But that’s okay. We were comfortable. We ate well. And we’d say it was well worth it.

True Cost for Western Europe: $94 / day / person

View from our apartment in Paris booked from Airbnb
View from our apartment in Paris booked from Airbnb

Central / Eastern Europe

  • Estimated Expense: $2,520 (21 days at $60 / day / person)
  • Actual Expense: $2,766
  • Variance (+Better / -Worse): -$246

But of course, I need to mess with the numbers again. This time it’s going to work against me though, as we fell a few days short of the originally planned 21 days in Eastern Europe.

  • Adjusted Estimated Expense: $2,160 (18 days at $60 / day / person)
  • Actual Expense: $2,766
  • Adjusted Variance (+Better / -Worse): -$606

With the $450 we dropped on the hot air balloon in Cappadocia, good eats in Ljubljana, and free flowing beer in Budapest, we overspent just a bit. Woops.

True Cost for Central / Eastern Europe: $77 / day / person

Getting ready to fly with Butterfly Balloons in Cappadocia
Getting ready to fly with Butterfly Balloons in Cappadocia

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