Europe houses some of the world's most expensive cities, including Vienna, London and Rome. Travelers can easily burn a lot of cash but with a few tweaks here and there, they can also stretch their budget to make the trip extra-special.

If it's the first time you're traveling to Europe, here are some of the best ways to make every buck count.

1. Either rent a bike or walk.

Cities like Rome, Copenhagen and Amsterdam are beautifully picturesque and beg to be explored on foot or on a bike. Apart from saving a lot of money on tours that are more often than not recorded, standard and could be drag, touring on your own has goes beyond saving money.

Walking tours are free on most cities like London and the experience is fulfilling, travelers won't even feel that it's been 3 hours since they started walking.

2. Check museum schedules for free admission.

Believe it or not, the Louvre accepts free admission on the first Sunday of every month and on Bastille Day (14 July). Small perks like this can save a lot of budget travelers the financial constraints world-renowned museums in Europe can entail.

It pays to do one's research. Before booking fares and accommodations, avid museum freaks who are about to embark on a backpacker fashion in this continent should look up the best deals while in town.

3. Withdraw cash from an ATM in your bank.

Cash over traveler's checks is not the only tip when it comes to pocket money. Moreover, it is not a good idea to simple withdraw from random ATM's found at the back of convenience stores or narrow streets.

The best way to prevent excessive transaction fees is to withdraw from an ATM located in a bank. Even better is to withdraw it from an ATM in the exact bank a tourist is in transaction with in his/her hometown.

Another tip is to inquire about ATM and bank locations before traveling to one's target destination.