The best time to travel is right after graduating college when you’re young, healthy, and still figuring out what to do with your life. However, after college many grads are broke and have a pile of student loans to pay off. I did not want this to impact my decision on what to do after graduating so I did a little research about traveling on a budget:
First challenge is being able to get around. For flights you can find the cheapest European budget airlines on http://www.skyscanner.com/. This site compares different airlines and includes the prices of checking bags. As for getting around the area; avoid rental cars! They seem cheap on paper but when you take gas, parking, and tickets into account it really adds up. Check out the local buses and trains. Maybe it is worth it to get some sort of pass. Hopefully you’ll be able to find a place where you can bike around easily.
As for sleeping and living arrangements, I found two good options depending on how confortable you are with crashing on a futon (let’s be honest we’ve all had to do this at some point in college.) Have you ever heard of a hostel? It is, “an establishment that provides inexpensive food and lodging for a specific group of people, such as students, workers, or travelers.” A good website to search for hostels is http://www.hostelworld.com/. Another cheap, easy alternative to trying to book a hotel is airbnb.com. I used this with my family while traveling to New York. We got a cheap flat 7 blocks away from central park! Of course we had a little bit more money to spend then but at least you can get a place to stay even if it’s not in the best location.
Now as for exploring and adventure it does not have to cost a cent! There are penty of free attractions everywhere you go including things like free tours. Sure it would be nice to have a little pocket money, but it would be wise to save that for food and necessities. Plus, all the souvenirs you need will be the pictures you take and the memories made. Not only that but traveling is the best education and will look great on resumes ;). Good luck!