Top tips and ways to save money when travelling to Iceland

 Explore other guides in Europe, Iceland, Road trips, Saving money tips, Weekend Getaways

Thinking of travelling to Iceland but worried about how much it’s going to set you back and whether you can afford it? Looking for ways to save money in Iceland?

I can confirm that my 5-day road trip travelling in Iceland was not the cheapest adventure I’ve ever been on, but it was one a hell of an adventure.

In my opinion it’s worth every penny you save for it. 

See what we got up to on our 5-day adventure in Iceland and my guide to planning your road trip here in this blog post.

Top tips and ways to save money when travelling Iceland | Where's Mollie? A travel and adventure lifestyle blog

If you’ve been with me a while you’ll know that I love a bargain. I don’t usually go for the luxurious option and in doing so, you can afford more adventure time!

Happy days. More adventure is what we all want right? Agreed.

My top tips and ways to save money when travelling in Iceland…

How much can you expect to pay for things when travelling in Iceland?

The rumours are indeed true. Iceland is certainly not cheap. Petrol is expensive, eating out is expensive and so is alcohol (relevant information for a road trip, gotta toast a glass under the stars). Food shopping wasn’t bad, as with any country you just have to suss out what’s good value before you start emptying everything into your basket!

For reference: 1000ISK = (approx) £6.30. Check before you travel as exchange rates fluctuate!

I made notes of a few different things we paid for during our travels in Iceland to give you an idea of costs…

  • Liquor store

You’ll pay up to 4,000ISK for a bottle of wine. 1500ISK was the cheapest bottle I could find (if you aren’t fussy) and then around 4000ISK+ for a bag/box/sack/cask/goon. Cans of beer average at 200-400ISK each. Fun fact: Beer was only made legal in Iceland in 1989!

Remember your ID! We were asked for it every time.

  • A meal in Reykjavik

The cheapest meal we could hunt down was 1400ISK (we got burritos at the food market for this price) but if you dine out you can pay up to 6000ISK for a main dish – that’s £42! Make sure you look at the menus before you sit down.

  • Coffee

450-550ISK in more cafes.

  • Campsites

1500-2500ISK per person per night

  • Entrance fees:

  • Lava museum: 2400ISK
  • Kerið Crator: 400ISK
Top tips and ways to save money when travelling Iceland | Where's Mollie? A travel and adventure lifestyle blog
Top tips and ways to save money when travelling Iceland | Where's Mollie? A travel and adventure lifestyle blog

To be honest, yes it’s an expensive destination, but for good reason. It’s so well preserved and so beautiful. It’s mind blowing how Iceland even exists as it does and as long as you know beforehand, you can save for it!

Of course though, if there’s a way to cut corners and save money. I’ll find it.

More money saving tips for travelling in Iceland…

  • Don’t eat out.

Do a supermarket shop and swap meals out for meals on the camp stove. Do a supermarket shop (I spent £25 and got meals and snacks for 4 days!). Supermarkets are so much cheaper than eating out or convenience stores! Seriously!

  • Stay in an Airbnb rather than a hotel.

Use this link to get £25 off your first booking!

  • Bring a bottle of spirit with you or buy one in duty free at the airport on the way.

It’ll save you a bomb!

  • Take a reusable water bottle.

Fill up with water for free. The glacial water is insane. Don’t pay for waterShop my reusable water bottle here.

  • Stay at designated campsites.

Camping illegally (i.e. not at a designated campsite) can result in a fine up to £500. Don’t risk it!

Top tips and ways to save money when travelling Iceland | Where's Mollie? A travel and adventure lifestyle blog

Extra top tips for travelling in Iceland…

  • Take Monopoly Deal and UNO.

Get yourself a pack of Monopoly Deal and/or UNO cards. If you’re anything like me, I’m useless at card games. These are fun, stimulating and easy to team up with some alcohol!

One night we had planned to drive 4 hours to sleep at the Glacier Lagoon in preparation for a sunrise Glacier Tour but a snowstorm had the visibility reduce to nothing. For safety we pulled over and instead got up at 4am to drive the remaining distance. Weather can be crazy here so try and account for that.

  • Download the ‘weather app’.

This will keep you up to date with weather warnings and predictions! For more apps you should download for your travels, check out this post.

  • Chia seeds are really cheap.

I don’t know why but they are! I stocked up and bought some home.

  • Try Skyr yoghurt.

Iceland is the home of Skyr! They have all the flavours and it’s perfect for a road trip snack.

  • Pick up an Icelandic wool jumper.

These staple jumpers, made from Iópa wool, are known for their longevity but also their warm, breathable and showerproof qualities! My friends were adamant on picking one up to take home as it’s one of the cheaper places to get your hands on one!

Have you been to Iceland?

What are your top money saving tips for Iceland? I’d love to know!

Love as always and happy adventuring,

Mollie.

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