Stay out of the bars. That’s the #1 tip for budget travelers visiting Iceland. The best budget tip for those wanting to imbibe in Iceland and to save money is to purchase alcohol at the duty-free shop at the airport on arrival. While we clearly fall into the Budget Traveler category, there was zero chance we were going to bypass trying a few local brews at a pub. It is, after all, our preferred method of meeting and mingling with locals. We sacrificed the budget and found 3 places to drink.