Everything from food to lodging is on the expensive side, so consider eschewing the popular resorts in favor of the many privately owned cottages and villas scattered about the island. Many come with kitchens and are within walking distance of beaches, bars, restaurants and grocery stores (so you can eat in if you'd like). Buy a bus pass and scoot around like a local. Skip some of the higher-priced attractions and hike on the Bermuda Railway Trail, which slices through woods and curves along waterways. And check out free events, like the wholly entertaining Dunking of the Wench in St. George.