Europe never falls short in fulfilling the ultimate traveler's dream. While many tourists could get too excited to hop on the next flight out, it's essential to know what exactly are the best ways to maximize one's Eurotrip.

So just before you lay out your plans for the ultimate European experience, consider the following tips to keep your trip smart.

1. Choose ATM over traveler's check

Most of the time, tourists go for traveler's check instead of withdrawing through ATM's. Contrary to popular belief, ATM's are more cost-effective, faster and safer although it also comes with minimal transaction fees.

To avoid excessive fees, travelers are advised to withdraw in bulk and store them in the safest possible, like a hotel room safe.

2. Transact in US dollars.

To make sure tourists are not surprised with expensive credit card bills due to ever-changing exchange rates, it's always best to transact in US dollars especially when making hotel reservations and booking flights.

3. Invest on museum passes.

Europe is packed with the most famous and astounding museums in the planet. No trip is complete without indulging in these historic sites. There's the Louvre, Guggenheim Museum, British Museum and Vatican Museum to name a few.

What constitutes for a smart tour around these museums is investing on a museum pass that allows multiple entries. Not only will this save travelers money but will also allow them to skip the long lines and cut right to the chase.

Tourists need to keep in mind that the museum pass they are about to purchase should be worth the price.

4. Be on the lookout for free entertainment.

Just like in the streets of New York and in Central Park, there are a lot of sources of free entertainment in Europe. Whether tourists are in Prague, Vienna, Germany or France, countless free concerts and performances grace the outdoor.

The key here is to check the local newspapers and listings to see what's going on in the streets that day.