The concept of being a digital nomad in Europe is more than just working from a beach in Spain or a cafe in Paris – it’s about financial and personal freedom, planning in advance, and making the most of your money while exploring new places. Whether you’re hopping between co-working spaces in Italy or living out of a backpack in Prague, here’s how to make your European nomad journey more beneficial and pleasant:
Choose your destinations wisely
Not all European cities are budget-friendly. While places like London, Paris, and Zurich can cost you a fortune to stay there, cities like Lisbon, Budapest, and Warsaw offer a much lower price tag while still providing a fantastic quality of life and strong remote work communities.
If you come from a non-European country and want to stay in Europe for longer, consider digital nomad visas that have become quite popular recently in countries like Spain or Portugal.
Save on banking & avoid unnecessary fees
One of the biggest problems for digital nomads? Banking fees and bad exchange rates. Using traditional banking while traveling can lead to unnecessary transaction fees, ATM withdrawal charges, and poor currency conversion rates.
In order to save on all these unpleasant fees, consider opening a CFPS account, because it provides you with low transfer fees, favourable exchange rates and money tracking, so that you can always stay on top of your spendings, while avoiding paying more than necessary.
Find affordable accommodation
Staying in hotels for a prolonged period of time can be quite expensive, and it also doesn’t feel like home, besides, you won’t be able to cook there, so that would incur additional costs on food. Instead, try renting out accommodation on Airbnb and try to negotiate a better price, because you will be staying there longer. Another option is to look for co-living spaces and share an accommodation with other digital nomads. Facebook groups and digital nomad forums could also be a valuable source of information for finding a place to stay.
Plan where to work
For a digital nomad, a stable internet connection is non-negotiable when working remotely. Before settling in a new city, make a research on coworking spaces and coffee shops with reliable WiFi. Another great place for working could be a local library – however, they often require silence and are not suitable for work calls, so keep that in mind.
If you want to use your phone as a router and share connection with your laptop, consider local SIM cards or eSIM cards for mobile data.
Take advantage of governmental benefits and programs
Some European countries offer tax-friendly policies for digital nomads. For example, there is Estonia’s e-Residency for starting a remote-friendly business and Portugal’s NHR program, which offers tax benefits for expats. Always think first about your tax situation and consider that while planning your next move, because saving on taxes can help you earn more and be able to travel better and more frequently.
Being a digital nomad in Europe is about adventure, freedom, and financial independence. With smart planning and the right fintech apps at your disposal, such as CFPS app, you can focus on what matters—exploring new places, meeting like-minded people, and growing your career on the go.
Ready to take control of your finances while on the go? Download CFPS today and make the most of your money no matter where you go. You can open your CFPS account in just 10 minutes.
