Budget-Friendly Tips for Paris

Are you heading to Paris for some international flair? Make sure you have a financial game plan ready so you can make the most of your experience. After all, costs can add up quickly, especially when considering expenses like transit, sight-seeing, and unexpected emergencies. With these smart financial travel tips, you can enjoy Paris without breaking the bank. Keep reading to learn how to navigate Paris on a budget!

1. Notify Your Bank About Your Travels

Additionally, it's a good idea to ask about foreign transaction fees and ensure your card will work in France. Taking these precautions will allow you to enjoy your trip without financial interruptions.

2. Exchange Currency Before You Go

When traveling abroad, one of the best financial tips is to exchange money before you go. Although it takes a bit of planning (1-2 business days at most), it’s one of the best decisions you can make. Trust us, you will appreciate having cash available to pay for your transportation and meals as soon as you land in France. Plus, your local bank or credit union usually offers much better exchange rates than you’ll find elsewhere.

PRO TIP: If you need to exchange money while visiting a foreign country, location matters. Be sure to avoid currency exchange booths at airports, tourist spots, and train stations. They often have the worst rates and high fees!

3. Save Money on Transportation

Everyone needs move around the city—teleportation would be nice, but until then, there are other options! Navigating Paris on a budget is key to keeping your travel costs down during your visit.

First, you should consider purchasing the Paris 2024 Pass, which offers unlimited travel on metros, buses, and trams within central Paris at a lower cost than single tickets. This is your best option for public transportation between July 20 and September 8.

Paris is also a bike-friendly city, making bike-sharing a convenient and budget-friendly option. Vélib' Métropole —the city's bike-share service—offers affordable single ride, 24-hour, and 3-day passes. This makes it easy to explore Paris up close while saving on transportation costs!

PRO TIP: be aware that Paris has closed several major metro stations currently, such as Concorde and Champs-Elysées-Clemenceau. You can stay updated on these restrictions by signing up for local flash alerts from France’s Ministry of Transportation website. Additionally, transport apps like Citymapper provide real-time traffic updates to help navigate the city efficiently.

4. Set Up Customized Bank Account Alerts

Customized account alerts provide real-time updates on account activity, helping you detect unauthorized transactions and manage your budget more effectively. These alerts can notify you of various situations, such as low balances, large withdrawals, or unusual spending patterns. For example, if you are planning a trip to Paris, alerts can help you keep track of your spending and inform you if something suspicious is happening to your account.

Many financial institutions also offer mobile app notifications, which can be a convenient way to stay informed about your account activity. Activating these alerts ensures you have greater control and peace of mind over your finances.

5. Eat Well, for Less

Paris is a paradise for food lovers, and enjoying its culinary delights doesn't have to be expensive. One option is to explore street food markets such as Marché Bastille, where you can find authentic and budget-friendly French cuisine. Bakeries and street food stalls offer delicious pastries, sandwiches, and crepes at much lower prices than restaurants.

Another great idea is to have a picnic in one of Paris's picturesque parks. You can pick up a baguette, cheese, and fruit from markets like Marché Monge or Marché d'Aligre and enjoy a meal outdoors.

PRO TIP: Tipping in French restaurants is generally unnecessary because the service charges are already included in the bill. This can help you save a bit more when dining out!

6. Bring Multiple Payment Options

It's wise to have more than one payment options while traveling. When you’re in Paris, carry a mix of credit and debit cards, as well as some cash. Keep one card with you during the day, store another securely in your phone's digital wallet, and leave backup funds in your hotel safe. That way, you’re prepared for any situation and can easily manage unexpected expenses or card issues without disrupting your trip.

7. Save Money on Sight-Seeing

Between events, there's plenty to see and do in France WITHOUT spending a fortune. One great option is to join walking tours at no cost, which are an excellent way to learn about Paris's history and culture. While these tours are free, showing your appreciation with a tip is both customary and valued!

Secondly, many iconic sights like the Eiffel Tower and Sacré-Coeur can be admired from the outside without having to spend money on entry fees. For a splendid view of the Eiffel Tower, visit the Trocadéro Gardens, which is free of charge. Plus, the city's parks, such as the Jardin du Luxembourg (Luxembourg Garden) and the banks of the Seine, offer picturesque spots to relax and enjoy a picnic.

You could also consider purchasing the Museum Pass, which allows access to multiple museums at a discounted rate, making it a cost-effective way to explore Paris's rich art and history.

8. Know What to Do If You Lose Your Card

In case your card is lost or stolen, it's crucial to report it immediately. Deactivate your card using your bank's online platform and contact customer service for further assistance. Additionally, you should monitor your account for any unauthorized transactions. Being aware of your options and taking quick action can provide peace of mind during your travels and help prevent potential fraud.

PRO TIP: If you misplaced your card and aren’t 100% sure if it was stolen, you can temporarily freeze your Academy Bank account while you search for it.

9. Academy Bank is Your Travel Buddy

Visiting Paris is a once-in-a-lifetime experience, and with careful planning, you can enjoy it without breaking the bank. Start planning your financial travel strategy today and consider using Academy Bank's mobile and online banking platform¹ to manage your finances on the go. With features like customized alerts and mobile banking, Academy Bank is here to support your travel adventures.

Finally, if you find yourself needing more money to cover your expenses, why not apply for a personal loan?² This flexible financing option will ensure you have everything you need for your unforgettable trip, even your wallet will thank you!

Enjoy your trip and bon voyage!

Helpful Travel Resources at Academy Bank:

Need foreign currency? Visit your local Academy Bank branch!
Online and Mobile Banking: Setting Up Alerts
Debit Card Controls
Personal Loans²

 

 

Member FDIC

¹ Message and data rates charged by your mobile phone carrier may apply.

² Subject to credit approval. Restrictions Apply. Direct deposit relationship required. Origination fee, 10% or $100 whichever is less. Annual Percentage Rate (APR) is based on credit score. Only one personal loan allowed to any borrower at any time. Loan terms are based on the loan amount.