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Whether you're a gap year traveller trying to circumnavigate the globe for £3.50, or you're a bit strapped but need a good break, or you're just a bargain-hunting hound looking for hints on freebies, blagging and upgrades, you've come to the right place. Check out our inside tips and travel secrets on all things budget-related, and if you know any we've missed, tell us about them.
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CaixaForum Madrid

Posted by snowedunder 22 September 2009

The CaixaForum Madrid by architects Herzog and de Meuron, opened in 2008 and is located near the Prado, Reina Sofia and Thyssen-Bornemisza museums.

The converted former power station presents itself like a walk-in sculpture, with several exhibitions and events hosted concurrently. The building looks over the Paseo del Prado with a daringly beautiful planted wall and contrasting Cor-ten steel and brick facade.

My family and I went there after a visit to the botanical garden for a 'quick look' - we stayed three hours and hadn't even exhausted the impressive Richard Rogers architects exhibition (until 18 Oct 2009) with dozens of models. Even the younger kids were happy!

A cool cafe and bookshop rounds of this 'must visit' gem.

Paseo del Prado, 36
28014 Madrid
Tel.: 91 330 73 00
Metro:
Atocha, línea 1
obrasocial.lacaixa.es/nuestroscentros/caixaforummadrid/caixaforummadrid_es.html

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Madrid on the cheap

Posted by luckyluke74 12 July 2009

I can rightly claim the "hombre más baratas en Madrid" crown after surviving a weekend on €38.

The Madrid Metro – the Orient Express compared to the London Underground – runs from the airport to city for a paltry €2. Visit the Parque del Retiro and explore the Crystal Palace art installations, monuments including the beautiful but sinister El Angel Caído, go boating by Alfonso XII's grandiose statue, then watch free street performers and puppeteers. Sip your sangria and toast the Madrid teleférico's 40th anniversary at the terminal bar: the skyline's not as exciting as Barcelona but it's relaxing and cheap.

Window-shop the Gran Via and continue to Plaza de España, Teatro Real, Palacio Real and Plaza Mayor for some classic Spanish architecture. Don't miss the El Rastro fleamarket on Sundays: calling it a flea market is a disservice to the sprawling city of stalls filled with delicious food and exotic crafts. It covers several blocks and gets very crowded so mind your valuables.

Madrid's gloriously rowdy tapas bars were out of my budget so I made do with the supermercado for flavoursome food. Ubiquitous Carrefour City and Express stores stock tasty Iberico ham, chorizo and other Spanish treats at unbeatable prices.

From horrific realisation to splendid sunny weekend of exploration, Madrid is perfect for a Spanish holiday on the cheap.

Metro - €2 one way from airport to central city, daypass tickets available. www.metromadrid.es/en/viaja_en_metro/tarifas/billetes/contenido07.html
Teleférico - €5.10 round trip, Paseo del Pintor Rosales, nearest metro Arguelles. www.teleferico.com/tarifas
El Rastro - start at Puerta de Toledo metro from 10am on Sundays. en.wikipedia.org/wiki/El_Rastro
Parque del Retiro (and other locations) - madridspain.ca/attractions/retiropark.html
Carrefour store finder (use Google translate) - www.carrefour.es/

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Gay Pizarro Hostel Madrid

Posted by Sissi 18 June 2009

Another great gay hostel in Madrid - this cool modernist building is in the Chueca area - great for gay nightlife and parties.

The staff are extremely welcoming and will give out any advice on things to see, gay/lesbian advice, free vouchers for clubs, saunas etc...

The rooms have ensuite and have great facilities - tvs, free internet, safety deposit boxes, linen and towels.

Calle Pizarro 14 -1,Madrid, Spain, 28004

www.hostelbookers.com/hostels/spain/madrid/31404/

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Gay Hostel Puerta Del Sol Madrid

Posted by Sissi 18 June 2009

This is a great gay hostel with really friendly staff - who are always willing to offer you advice on where to go and what to see - they even hand out free club passes!

The rooms are more like a hotel than a hostel, with TVs, comfortable beds and balconies overlooking Puerta del Sol square. There's also free internet and a free breakfast of freshly baked buns.

The location is excellent, you are right in the center of town, so we could walk everywhere.

Puerta del Sol Square, Madrid

www.hostelbookers.com/hostels/spain/madrid/3468/

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Ginger restaurant

Posted by DouglasPaddy 19 May 2009

Great food at a great price. No main was more than €10! Wine was about €8-€9 a bottle.

We don't normally go to the same restaurant twice when we are on holiday, but we came here three times when we were here in Madrid in summer 08.
There were queues into the place on some evenings.

Plaza El Ángel 12
28012 Madrid, Spain
+34 913 691 059

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100 Montaditos

Posted by johnsannaee 4 April 2009

Slap bang in the centre of Madrid near to many of the major attractions, the old town, main shopping areas and a block from the Plaza Mayor is 100 Montaditos. It's your best bet for cheap lunch on the run in the city. Take a ticket and wait for your turn to order from the extensive menu of bocadillos (small Spanish sandwiches), starting from just a Euro, there's something for all tastes.

Calle Mayor 22, 5 mins from the Sol metro station

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El Arco Artesano

Posted by bearandlion 22 January 2009

If you're looking for gifts or souvenirs which are uniquely spanish but not tacky or generic you must visit El Arco Artesano on the Plaza Mayor. A whole range of prices and everything beautiful, handmade and local. I got myself a gift of some earrings and a beautiful scarf; a perfect reminder of this place with out having to have "Spain" or "toro" written all over it. Lots of accessories, homewares, decorative items etc. Fantastic.

El Arco Artesano
Plaza Mayor 9 (in the corner tucked in beside Ben and Jerry's icecream)

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Madrid isn't necessarily the cheapest city in the world in which to eat out, and if you're on a budget, and fancy hitting the town too but don't know how you can afford to do both, this is the answer: do as the Spanish do and drink and snack all evening in the multitudes of Tapas Bars throughout the city. Placa Santa Ana is one of the liveliest and most celebrated places in which to do this, though prices can be higher than in more up and coming districts such as Chueca or Lavapies - though both these areas have a wide range of trendy places serving quality food and drinks. Avoid the Placa Mayor and its immediate environs as you pay vastly inflated prices which don't equate to value for money. If you're not sure which bar to choose, just check out the menus and prices, ask one of the (usually friendly and helpful) locals or as a rule of thumb head for somewhere that looks busy. Not only are you eating and drinking for far less than a restaurant or cocktail bar, you are getting a real taste of what Madrid life is all about. Enjoy!

Across central Madrid

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Filmoteca Cine Dore

Posted by LeilaAlice 10 June 2008

A state-run arthouse cinema showing a range of different films. All films are shown in original version, with Spanish subtitles if required. Screenings are eclectic - I've seen some gems I'd never have watched otherwise, some bona fide classics and some "I'll go because it's in English and cheap" bilge. Listings can be found in Guia del Ocio, or with film notes at the cinema itself.
Tickets on my last visit cost just under 3€.
The main screen is a fabulous old salon, complete with balcony and boxes. The whole cinema is housed in a fin de siecle building which has starred in at least one Almodovar film.
As with any Spanish museum, morgue or meeting place there is a cafeteria serving coffee and snacks on site.

C/Magdalena.
M.Anton Martin.

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Museo del Jamon

Posted by derderder 16 November 2007

A great restaurant chain for tapas and larger raciones. They don't do just ham, as the name might suggest, but all sorts of food. Calamares, Tortilla and gambas al ajillo are excellent. Prices are very reasonable. You can eat at the counter or in the salon (waiter service is a little dearer). They have restaurants in Puerta del Sol and on the Gran Via. They also do excellent three-course menu for under 10 Euro.

La Puerta Del Sol
or La Gran Via

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Sanabresa

Posted by irishalice 3 April 2007

Part of me is loathe to share this tip - it's my restaurant. No trip to Madrid is complete without lunch here for this former Madrid resident.

A local neighbourhood restaurant, sandwiched between the traditional madrileno working class district of Lavapies and Plaza Santa Ana.

Don't be put off by the long menu translated into English and German as I initially was. If you arrive on a Monday or Thursday lunchtime the queues of Madrilenos, business men in suits to builders in boilersuits, waiting for their cocido and paella specials will convince you it's not a tourist trap.

The service is at times brusque. I ate here at least once a week for a year and only during my last week in Madrid did the waiters show me any familiarity - and I lived next door.

The food is simple but good. There are a selection of menus at various prices to suit any budget.

The atmosphere is pure Madrid. TV blaring in the corner, twice as many tables crammed in as should really fit and shouted conversations echoing off the tiled walls and wooden floor. You do not come here for a relaxing lunch. But all the same don't come here if you are pushed for time. You can be out the door in 40mins having eaten a 3 course meal or waiting for your dessert 2 hours later.

Try the pollo al ajillo. Or the grilled asparagus. or the fried aubergines. or just about anything!

Enjoy.

C/Amor de Dios
M. Anton Martin.

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A Madrid card

Posted by RogerT 12 October 2005

This looked a good thing, but we found that by walking and judicious visits to attractions, it was not cost effective. I can appreciate families may have youngsters, but we oldies can walk and we spent far less than the card in our week in Madrid.

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Bazaar

Posted by lizziee 8 October 2005

Fusion food, without the pretension or price, from the La Finca de Susana group. Beautifully decorated in white and cream, Bazaar has an intimate atmosphere with friendly and attentive, yet never overbearing, staff. Best of all, it has the most amazing desserts. Try the chocolatissimo - you'll think you're eating the food of gods even if you're not a chocoholic.

Expect to pay about £20 for two courses for two with bread, water and wine. And get there early (8.30pm).

Calle Libertad 21, close to Chueca metro station. Telephone 91-523-3905.

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Lovely small restaurant, family run, excellent local atmosphere. Delicious lomo de buey (beef fillet), brought to the table salted and uncooked, along with a scorching hot earthen dish on which to cook the meat in front of you as you talk and eat.

Lovely manchego chipped from a wheel as you enter and brought to the table, good wines, and delicious desserts. Excellent for a solid Spanish meal without all of the touristy tat. Food usually 15€-20€.

Plaza de la Marina Española, Metro Santo Domingo

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Hostal Adriano

Posted by samc79 6 October 2005

Excellent value hotel (45 euro - single, 58 - double). Ikea furnishings, but beautiful building. Fantastic location, close to P. del Sol, Plaza Major, etc., but not noisy. Internet access, air con and fridge in rooms! Very friendly staff.

Calle de la Cruz, 26 - 4° Piso
28012 - Madrid - Spain

www.adrianohostal.com/ingles/index.html

Tel: +34.91 521 13 39, +34.91 521 56 12

nearest metro: Sol

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Cat's Hostel

Posted by GilesTremlett 1 August 2005

At 14-19 euros the night, it is certainly cheap. Morisco style, chill-out, weekly parties and 24 hour opening make this a desireable spot in the centre. Two to 14 beds per room.

Calle Cañizares, 6; Tel: 91 369 28 07; Metro: Anton Martin; www.catshostel.com/

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La Castela

Posted by GilesTremlett 1 August 2005

For really excellent food and knock-down prices, try eating standing up at La Castela on Doctor Castelo at the corner with Calle Narvaez. Fast food never tasted this good.

Doctor Castelo, 22; Tel: 91 573 55 90

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Casa Mingo

Posted by GilesTremlett 1 August 2005

Eat chicken and cider at Casa Mingo for 16 euros between two.

Paseo de la Florida, 34; Tel: 91 547 79 18; Metro: Principe Pio; www.casamingo.com/

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Let the kids stay up late

Posted by GilesTremlett 1 August 2005

Scrap their normal bedtime. Let them stay up late, like Spanish kids. Take them to a restaurant at midnight. The waiters will love them and there will be other four to eight year olds running around.

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