How much should I budget?

[SKP]

Hey Everyone! My friend and I will be backpacking for the first time in Europe. We will be there for approximately 19 days and I will be catching a tour after our backpacking excursion. I was wondering how much I should budget for the following Itinerary:

All During Month of September:
7: Fly into London at Noon
8: London
9: London
10: Travel From London to Paris
11: Paris
12: Paris
13: Paris
14: Travel to Barcelona
15: Barcelona
16: Barcelona
17: Barcelona
18: Travel to Rome
19: Rome
20: Rome
21: Rome
22: Rome
23: Travel to Paris
24: Travel to London
25: Last Day in London
26: My friend leaves for the states and I start my tour in the evening.

I have already paid for my flight, tour and will have paid for the flights from Paris --> Barcelona; Barcelona --> Rome and Rome --> London and the eurostar from London --> Paris. Thanks!

[bs1313]

I am doing just about the exact same cities for my trip and I am basing it on 100 a day...40 for food, 40 for hostels, 20 for sights and transportation within the cities.

Thats just me I dont know if that fits what your plans are.

[pointofnoreturn]

I tend to budget $100 a day although some days it ends up being $50 because I'm in a cheap place (i.e. Greece) and some days, I up the budget to $130 if I'm in an expensive city.

The UK and Italy (and Paris) tend to be expensive so make sure you have reserve $$$.

[bs1313]

Great I am only going to London, Paris, and Italy and they are all the expensive cities...should I budget more than 100 a day??

[WillTravel]

Do you mean $100 USD or 100 Euros?

[bs1313]

100 US dollars...I have figured out that the Hostels I will be staying in cost about 40 US dollars a day (like +/- 25 Euros a day)...then about 40 for food then 20 for in city transportation and costs of sights. I know that London is going to be a little more expenisve but then again many of the museums are free so maybe it will even out.

[WillTravel]

Right now, with exchange rates and currency markup, say that is about 60 Euros or 50 pounds. It's possible to do this, but you'll have to keep a good eye on what is happening. In London, you'll save a huge amount by visiting grocery stores rather than going to sit-down restaurants. Here's a cheap place, though, where you can fill up on all-you-can-eat fairly good Indian food (for about 3 pounds):
Indian Vegetarian Bhelpuri House at 92 Chapel Market (near the Angel tube)