Budgeting for Portugal
Before RD goes off on his annual 5-week work trip at the end of this month, we wanted to budget for Portugal, and at least book our flights to Portugal. But since a big goal of ours this year is to save for a down payment, going off on a 3-week long European vacation seemed a bit extravagant. We can afford to go, but it doesn’t mean that we should go if it means sacrificing a bigger financial goal that we hope to achieve.
So after thinking about it for a while, we decided on a pretty good compromise – we’ll reduce our vacation from 3 weeks down to 2 weeks, and spend the additional week off as a staycation where we can get as much autumn hiking in as we can. It actually works perfectly because we still get to go to Portugal, but we’ll also get in a bunch of regional hiking in that we weren’t sure how we were going to fit into the summer months.
Right now we have a preliminary budget sketched out for our (now) 2 week trip:
- Flights (Vancouver-Azores, Azores-Lisbon, Lisbon-Vancouver) – $2,450
- Accommodation (14 nights) – $1,200
- Food – $1,000
- Car rental (7 days + gas) – $450
- Transportation – $100
- Miscellaneous – $200
Our budget came to $5,400 total. We have about $500 in travel rewards points to redeem, so I’m thinking we can do this trip for under $2,500 per person.
For our itinerary, we plan on spending 1 week in the Azores (split between Faial and Pico), and 1 week on the mainland in the Lisbon area. I’ve been to Lisbon, Sintra, and Faro before, but RD hasn’t been to Portugal at all. So it will be interesting to see if it’s as amazing as I remember it being. :)
In order to save money, we’ll be trying to book AirBnB for most of our stay so we’ll have access to a kitchen. Our trend when traveling is to cook most of our meals in our rental anyway, but I’ve added a bit of padding because I’m sure we’ll go out for food more often than usual in Portugal. We also decided to forego renting a car for the mainland portion of the trip. Instead, we’ll just take a train from Lisbon to Porto, and save our car rental for the Azores.
Any suggestions to this budget are more than welcome!
Author: Krystal Yee
I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.