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We love to get the most out of our money, especially when it comes to travel. So here are some tips on travel money and all things currency related!1) Plan
As with everything, having a plan before travelling causes less stress. With money, the more you plan, the more you are going to save! So our first tip is to plan and do your research!
Things to consider: – What currencies dose the country use? Do they accept more than one currency? – What kind of payment method do they accept? Card? Cash?
2) Ask your friend
Before you compare currency rates, ask around to see if anyone you know has that currency lying around at home. They are most likely willing to sell it to you are a cheaper rate than most banks and bureau de change. It will benefit both of you in the end!
3) Travel Credit Cards
Travel credit cards are usually where you can get the best exchange rates. There are so many travel credit cards available these days we are unable to list them all.
We recommend using comparisons websites such as http://www.moneysavingexpert.com/travel/travel-credit-cards (UK ONLY) to find the best deals and credit cards with the most benefits.
Some cards like Monzo allows you to draw cash out for free abroad.
We love using travel credit cards because you don’t have to worry about taking cash out before your trip.
4) Bring a small amount of cash
The amount of cash to take out depends on where you are going to. If you are travelling to a less developed place, you may need to take more cash out as credit cards are likely not going to be widely accepted.
For an places where credit cards are widely used (eg, USA, UK etc), we would recommend taking around 20% of the total amount of spending money you require out in cash. This is useful for taxis fares and in case of emergencies.
5) Try and spend your cash
Do try and spend the cash you take out before going home (unless you intend to visit that country again). This will save you the hassle of exchanging it back and losing money through that process.
Petty holiday cash is a great excuse to do some last minute shopping!
We hope that this is useful for you! What are your best travel money tips? Comment below and let us know!!