Your destination will play a big part on the expenses you incur when travelling to Europe. As a rule, the cost of staying in Eastern European countries is cheaper than staying in the western part of Europe by at least thirty Euros per day.
While travelling by air may be the quickest way to get from point A to point B, airfare and the price of tickets can put a dent in your finances. Going by air is not the only way to go around Europe. Going by train can be a scenic and cost-effective way of getting around the continent. Check to see if you can save by booking online and in advance or by buying at the station. This is where good planning will hold you in good stead.
If you intend to visit several countries, consider getting a Eurail pass. This allows you to use just one pass to ride the Eurail lines to and from several countries. Also consider taking overnight trains for longer trips to save up on the cost of overnight accommodation.
Travelling can be cheaper if you do it with a companion. Having a travelling companion will enable the both of you to share the costs of lodging.
One doesn't have to go to pricey restaurants and tourist traps to sample the local cuisine. Instead, try eating at street food stalls or self-service places where you don't have to worry about tipping. If food is not one of your priorities, there are always fast food joints to keep hunger at bay.
Travelling to Europe does not have to be very expensive. A little research can save you money - funds which you could use to make your trip one to remember.