Yes! Because of Europe's famous hostel-culture and world-renowned public transportation systems, it's relatively easy to travel around Europe on a budget. Keep in mind, certain countries are much more budget-friendly than others. For example, your budget will go a lot further in the Czech Republic than it will in Norway. My favorite European cities for travelers on a budget are Kraków, Prague, Budapest, Lisbon, Rome, Split and the Bay of Kotor.