Destinations, Europe, Spend Money, Travel

We recently left the beautiful city of Berlin and it is easy to see why so many people visit every year. With the many sights to see, museums to visit and the tasty food on offer I can see why so many love it here. 

While we have been exploring the sights of Europe on a budget it is only fair we share our guide on how to visit Berlin on a budget.

Travel Insurance – £10

Before you go anywhere you’re going to need travel insurance. Travel insurance covers you for small things such as loss of baggage or larger things such as illness of death abroad.

Whilst it isn’t compulsory I personally wouldn’t go anywhere outside of the UK without it. I have travel insurance as part of a service with my bank. If you don’t have travel insurance already then I recommend using a comparison service such as Go Compare to find the cheapest / most suitable insurance policy for your needs.

For the purposes of this study let’s say that you don’t have travel insurance but you manage to pick up an annual worldwide travel insurance policy for £10.

Airport Parking – €16 Per Person

While we have been hopping from city to city by bus we included our bus fare from Prague to Berlin. We chose to travel with Hello but will soon be apart of Flixbus. If you are looking to use a bus service to get around Europe for cheap check out my review of Flixbus.

If you’re looking to park your car at the airport then check out my review of Looking4Parking.

Flight – £36 Return

As you may have seen we took a one-way flight to Bulgaria and are slowly making our way across Europe back to the UK. If you are planning on visiting the beautiful city of Berlin you can find many cheap return flights.

I find that the easiest way to find cheap flights for the dates in which you can travel is to head to the free to use flight aggregator website SkyScanner.

Internal Travel – €2.80 Per Person

When we arrived in Berlin we got off somewhere further away from Alexanderplatz, we took the metro and a tram to get to where we needed to be. The ticket was valid across all transport for up to 90 minutes at €2.80 per person. 

Ticket lengths and prices vary depending on the zone you need to travel to and from as well as the duration of your journey. We found this really simple and easy to use, machines are either above ground before getting on the metro or on the platform to purchase a ticket.

If you’re a little unsure of using public transport when you arrive then consider pre-booking transfers from your arrival location (airport, bus station, train station etc.) direct to your hotel with a service such as Hoppa.

Hotel – €61.30 Per Night For 2 People 

This was by far our biggest expense, there were options to stay in hostels and save a little money but working out the difference was small and we got more for our money with a hotel. This will not always be the case but check out hotel prices as well as hostel prices and compare before booking.

We chose to stay at the Ibis Budget Berlin Alexanderplatz if you are planning a visit to Berlin check out my review. 

While we enjoyed our stay and would stay again if we could find a cheaper option we would look into that first. 

Attractions – €15.20

While we don’t normally splash out on too many attractions and try to do the best of free, there were two attractions we wanted to see, the Berlin TV Tower and the panoramic view from The Park Inn by Radisson.

The TV Tower for adults is €13, children €8.50 and students at the desk can get a 20% discount. This to me wasn’t worth the money paid and the waiting, I would recommend saving time and money and head over to The Park Inn.

The Park Inn is €4 and is much easier to get up and less fuss and waiting. The Park Inn has beautiful views and has a lovely view if you wanted to get a picture of the TV Tower in the picture. They have a few deck chairs and a place to buy a drink to enjoy with the view.

Food – £15 Per Person – Per Day

While this is where we can save money and make the budget go further but due to being in a hotel it meant more meals out and more expenses. We found plenty of cheap eats and reasonably priced places to eat and not once had to compromise on quality or service.  

We also had 2 supermarkets within a 10-minute walk that had plenty of pastries for breakfast, pre packed sandwiches and salads for lunches as well as cheaper drinks compared to the shops nearer the centre.

Souvenirs – £0

As always we opt not to purchase souvenirs. Our trip to Berlin on a budget was no different. As with all of our budget trips we instead put the money we would have spent on another trip, and the chance to make even more memories.

And so, there we have it, my complete guide to how to visit Berlin on a budget. If you are planning a trip to Berlin, or have recently come back then be sure to let me know in the comments where you stayed, what you did, and if you feel comfortable enough, how much it cost you.


Everything Else, Make Money

Just a few short decades ago, the world of share trading was considered to be only accessible to the chosen few.

Then, trading went online. Suddenly, there was an open door to the world of stocks and shares. What had once been accessible only to a small number was now accessible to the public. This newly accessible world of share trading attracted people from all walks of life, from retired couples to housewives. The differences between traditional and online trading are as follows:

The cost of traditional trading is higher, which pushes more cost-conscious traders towards online trading.

Traditional brokers close when the stock exchange closes. Online brokers appear to be available 24/7, which gives greater flexibility to investors.

Traders tend to develop close relationships of trust with their broker, unlike online brokers, who tend to remain out of reach.

Information on the stock exchange is readily available to traders. This enables them to make responsible decisions about which shares to trade in and which markets are more profitable.

The Internet and Share Trading

Thanks to the Internet, information on the finance markets is readily available. Also, as most brokers have an online presence, it is easier than ever to get in touch with them. Anyone out there who has a little money and would like to put it to work for them is now finding it easier than ever do so.

It could be a housewife who’s been left some money by a deceased relative, who’s trying to increase her finance and therefore her sense of personal power. Or it could be a retired couple investing some of their personal wealth in an attempt to increase it. Checking the stock market helps them feel that they are part of what’s going on out there instead of feeling retired and out of the world. It could be a just a canny business person with an eye on profit. Who knows?

Trading in CFDs – Advantages and Disadvantages

Trading online has evolved. One of the most exciting innovations has been CFD trading. ‘CFD’ means ‘Contract for Difference’. It’s a form of trading in which a client and a broker enter into a contract. The performance of the concerned asset from the time of entering the contract till leaving it decides on whether the client makes a profit or loss.

This is a way of investing in an asset without ever actually owning it. A very positive aspect of CFD trading is that it takes a much lower financial outlay to make some interesting diversifications in an investment portfolio. However, risks of loss are high and it is essential to take precautions against.those losses. Some safeguards can be set up with the help of some expert brokers who have long experience in this area.

If You Need Guidance, Help Is Available

If you’re interested in trying online trading, there are a number of companies which have long experience in dealing with the stock market. Their expertise is an invaluable help in guiding any interested party in this area.

While no guarantee can be made for making a profit, the right guidance is essential for helping a share trader in maximising the potential for profit.
CMC Markets is one company which has a very good record in this area. It was recommended to me by someone who had used the company’s services already and I haven’t been disappointed. However, check out all the brokers available and see for yourself who would work well for you.

Investor Vs Share Trader

Investors are those who invest in stocks and shares etc. with a view to long term profit. Share traders are those who purchase stocks, shares, CFDs etc. with a view to short term gain. They study the market and buy and sell at times when they are likely to maximise their profit and minimise their losses. They are in the business for short-term profit.

Do Your Homework

Guidance will only carry you so far. At the end of the day it is imperative that the individual wishing to engage in share trading takes the trouble to educate and inform themselves about the complex entity which is the stock market.

This is necessary in order to make an informed judgement on how to invest their funds. Share traders generally use a system called ‘technical analysis’ in order to predict which way the prices of a particular share will go. There are a number of ways an
individual can educate themselves about the stock market. There are books available explaining the complexities. There are also some Massive Open Online Courses (MOOCs) which are really useful for mastering the different aspects of this complex area.

How To Work With A Broker

You may order your broker to buy certain shares only if they fall below a certain level or you may order the broker to stop buying shares if the amount in your account falls below a certain level. This can help you to protect yourself from large losses in a worst case scenario. There are stop orders, limit orders and even combinations of the two.

Who Should Indulge In Share Trading?

People who enjoy gaming and gambling would probably enjoy share trading. The ideal is to have some spare money you don’t mind losing. Play safe. Enjoy the thrills, spills and near misses Enjoy the stimulation of working with an unpredictable but thrilling mechanism which never fails to surprise. Which sometimes delights you and sometimes drives you to the brink of despair.

Share trading is not for people who don’t enjoy the thrill of uncertainty, that feeling of ‘we just might win.’ Those who want stability and security mightn’t enjoy share trading so much. Long term investments in stable companies might be a more suitable option for those individuals. The share trading market requires a certain kind of temperament and not everyone has that temperament.

This is a sponsored post. As always, the words and opinions are my own and aren’t intended to be a personal recommendation in respect of a particular investment. Getting started with stock / share trading can be complex and so as with all financial products and investments, I recommend seeking independent financial advice.