How to Handle Your Money With Care During Travel

Posted on: 26th November 2013

You’ve packed your bags and you’re all set for your once-in-a-lifetime travel adventure. Stretch the value of your hard-earned cash with these pointers so you can make the most out of your trip and go back home full of wonderful memories.

 

  • Be informed about the current exchange rate before you arrive at your country of destination. This way, you won’t be ripped off at the airport or on the streets.
  • Instead of bringing travellers’ cheques, rely on your good ol’ ATM to pay for your transactions. There are just a few places around the globe that don’t have an ATM machine anyway.
  • Always bring some money in the local currency before you take the flight. This way, you won’t scour in the middle of the night for a currency exchanger or cash machine because the local hotel won’t accept anything else.Saving Money During Travel
  • Familiarise yourself with the local bills before you even get on a taxi. Find a quiet corner at the airport – usually inside a restroom cubicle – so you can see the difference between a 100 and a 1000 bill and not end up giving the taxi driver or the valet a hefty tip.
  • Bring along at least two credit cards. In cases where the machine accidentally ‘eats’ the first one or it gets blocked by the bank, you’ll have another option to pay. And keep them in separate places, like in your purse/bag and in your pocket.
  • Always keep a secret wedge of dollar bills. While Euros are generally accepted in most countries, the US dollars are still the most reliable form of payment for goods and services virtually anywhere. Make sure that it is in 2006 and above.
  • Carry your cash discreetly. There is nothing that screams “Rob me!” than traditional money belts under the shirt. Use a safety pin to hide a simple cloth purse inside the hip area of your trousers or jeans.
  • You can also put secret stashes of your cash under your in-soles since you’d be spending roaming around in closed shoes.
  • Keep a note of how much money you’ve hidden in different places so you don’t have to constantly check on it.
  • In places where robbery can be a possible scenario, just prepare a ‘decoy’ purse or wallet. Put on some local bills in small denominations and throw in some expired credit cards. Usually, the thief doesn’t have the time to scramble on the content of all his loot and it is better safe than sorry.

 

Safe travelling!

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