Traveling to Egypt can be done without spending a ton of money. The cheapest way to get there is to check which low-cost airlines fly into the major tourist's cities. From Europe, cheap flights can be found flying into Sharm el-Sheikh, Hurghada and Luxor. Once in these cities, one or two day trips can be arranged to visit Cairo or other popular destinations. Hostels are not very common outside of Cairo. So if you're visiting another city, you might have to pay a little more for a budget hotel. It's a good idea to check directly with the hotel. Travelocity found a great deal for me at 18 euros a night for a hotel. I contacted the hotel and they charged me 14 euros a night for the same room.
Day trips are very common in Egypt. I found deals to go 4 wheeling in the desert, diving in the Red Sea, to visit Israel or Jordan, and to fly to Cairo, Luxor or any other city that you want to visit. To get the best price, you have to shop around. Like in most places, these trips at your hotel will be more expensive. Visit different online travel agencies and price the one that is the cheapest but also willing to go on the day that you want to travel. Before you arrive, I would suggest only booking a day trip that involves a flight. This way your trip is guaranteed. All others can be booked once you arrive.
Haggling is essential in Egypt. Taxis, in the market, and especially day trips. Be sure to fix your price before getting in the taxi. If you find a local travel agent, don't take his first price for a day trip. On a recent diving trip in Sharm el-Sheikh I paid the same price for 2 dives as another couple paid for 1 dive. And I'm sure someone else paid even less than I did!
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