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How to save money on FOOD + DRINK in Iceland

Well, we all know that Iceland is super expensive. Yeah. I know and you know, but the good news is that I want to help you save money because, yeah, Iceland is expensive, but if you know the right people, then you can get some insider tips on how to save money in Iceland. 

Hey, team Iceland. My name is Jeannie, and I’m your tour guide for all things Iceland planning. If you are just finding my channel, then please do not leave without hitting the subscribe button because every week, I give away new, free, and helpful Iceland planning tips to make your trip planning a breeze. Today, we are talking about my six favorite ways that you can save money on your food and drink during a trip to Iceland. Let’s get into it.

Cook your own meals

First up is to cook your own food. Don’t go to those expensive restaurants to let someone else tell you how much you need to spend on food. Oh, no, so obviously, just like at your own house, grocery shopping and cooking meals at your own place is going to save you a lot of money. If you haven’t seen my grocery shopping video yet, then make sure to check that out because I go through the entire grocery store and let you know how expensive everything is and what’s available.

Breakfast included in your accommodation

Next, I suggest to find accommodation that has breakfast included. An easy way to do a search for this is by using booking.com. They’re really good about telling you if the breakfast is included with your stay. This can save you a lot of money because breakfast in Iceland is, number one, difficult to find, and number two, can be quite expensive. If it’s not included and you need to pay for it at the accommodation or if you need to go out and find it, you’re going to have to budget around $15 per person for breakfast. You don’t want to do that.

Eat hot dogs

My third tip is to eat the Icelandic hot dogs. (Some people are not going to like this tip!) Okay, okay, I know. Hot dogs are generally disgusting, but I’m telling you, there’s something about the Icelandic hot dog that is totally different than any other hot dog you’ve ever tried in your life. I really think they’re delicious. You can find hot dogs throughout the whole country. Of course, there’s the famous stand in Reykjavik, but then also, you’re going to be able to find these hot dogs like at every gas station. It’s the cheapest thing that you’re going to be able to buy as a meal.

The true Icelandic way to order a hot dog is “eina með öllu and that just means that you get a hot dog with all of the toppings, so the sauces and the onions and all the things. It’s magnifique. If you are not into eating hotdogs, don’t worry. I still got you covered. I made a guide of my favorite budget restaurants in Reykjavik that you can download for free. I’ll put the link in the description below.

Alcohol at duty free

My next tip is so important. It is to buy alcohol at duty-free. Seriously, yes. Do it. Do not pass go. Do not collect $200. Just buy your alcohol duty-free. This is going to save you so much money for drinking in Iceland, so before you even leave the airport, stop at duty-free. Max out on the amount that you’re allowed, and then go have a good road trip, but if you forget that very important step, then you can either skip the alcohol completely. I know, it’s not fun but you’re going to save a lot of money that way, or find a happy hour. Reykjavik actually has a good selection of happy hours. You just need to know where to find them. I recommend downloading the app Appy Hour, which lists all of the different places that have happy hours, what time it’s at, what’s included, and all of the things, so yay.

Drink the Iceland tap water

Last but not least, my friends, is drink the water. Drink it out of the tap. Drink it out of the stream. Just drink the water. Don’t buy bottled water. Number one, it’s terrible for the environment, and number two, it’s an unnecessary expense, so that water is coming right from the glacier so you can’t get much fresher than that.

My friends, those are my best tips for saving money on food and drink in Iceland. I want to hear from you. What are your best money-saving tips for travel in Iceland? Let me know in the comments below. I hope you guys loved this video. I will see you back here next week, same time, same place for even more helpful Iceland planning tips. As always, happy planning!

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