There’s no avoiding the fact that the pressure is on people’s pensions in the UK and a recent report by investment provider NFU Mutual revealed that one in four people have nothing in their pension pot by the time they’re 48.
If you’re retired or are looking to retire soon then this doesn’t mean that you need to sacrifice your holidays as there are many affordable place to visit all over Europe which are ideal for people of retirement age.
Before you book your holiday, it might be worth speaking to a financial adviser to make sure your retirement finances are in-check.
Known as the ‘Pearl of the Adriatic’, Dubrovnik is only a couple of hour’s flight from the UK and offers the perfect mix of leisure and culture. Flights to Dubrovnik can start from as little as £53 return and a bus ride to and from the airport is around £16 so getting there is certainly affordable. Self-catering will generally always save you cash as you have the freedom to cook in your accommodation rather than eating out for every meal.
The key to holidaying in Dubrovnik on the cheap is to stay, eat and drink outside of the Old Town’s walls if possible. Dubrovnik’s Old Town is renowned for its beauty, with clean marble streets and baroque style buildings including ornate churches and monasteries, however this beauty comes at a price for holidaymakers looking for affordable places to eat and drink. Just outside the walls you will find many bars and small restaurants which sell hearty pizza and pasta dishes for under £6. If you do treat yourself to a meal inside the walls and still want to be frugal then avoid the harbour-side restaurants and opt for the eateries on the side streets where food is just as good but a little less pricy.
Although Prague has gained a reputation for being a stag and hen do destination over the past few years, it is still an affordable and very beautiful place to visit which is steeped in history. Flights from the UK start at around £50 and the cheapest time to fly is January and February but wrap up warm if you plan to visit then. Drinks in particular are cheap in Prague (one of the reasons it’s so popular with stag and hen parties) and half a litre of beer costs around 90p and a bottle of wine can cost as little as £3 and a decent evening meal will cost about £8.
Staying out of the main tourist areas will save you cash so try out eateries in one of the suburbs outside of the city centre such as Smichov which has a number of reasonably priced restaurants including sushi and Italian.
Of all the tourist attractions in Prague, the castle is a must-see and costs just over £10 plus further charges for individual monuments and the walk up to the castle is quite steep, but it’s well worth a visit. For more sightseeing opportunities, taxis cost about £1.20 to board and then expect to be charged about 75p per kilometre or alternatively if you’re travelling a lot use the public transport system as day tickets are only around £3.50.
Capital cities are not usually known for their cheap prices but Lisbon in Portugal is an exception and it can cost less than £50 to fly there from the UK. Similar to Prague and Dubrovnik, the sightseeing in Lisbon happens on the streets as the historical city is full of beautiful architecture and the views take in the Tagus River. Delicious coffee accompanied by the area’s traditional custard tart cost less than £1 and a three course meal for two costs around £25. Drinks are very reasonable with a bottle of wine costing less than £5.
Many of the museums in Lisbon are free which puts less pressure on your wallet when sightseeing, and if you get hold of the Lisbona Card, which costs £15, you can have free access to public transport, many museums and monuments, guided tours and receive shopping discounts.
Sarah Stewart is a travel and lifestyle blogger who writes regularly for a range of websites.