THIS POST HAS NOW BEEN MOVED TO:
http://chausadventure.com/time-travel/
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!!
Love these tips! Especially about bringing cash- I always do so when traveling!
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Glad you enjoyed it! I feel so anxious if I don’t have cash haha
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Thanks for sharing! I usually like carrying cash
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Me too! It feels safer!
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I always end up coming home with a tonne of money! And I never get round to getting it exchanged, it just sits in a draw and collects up waiting for the next holiday in 3 years time… LOL! Usually I try sell it to my friends / family if they are traveling somewhere using that currency!
Much love, caitylis x x
http://www.caitylis.co.uk
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Yah, selling to friends benefits both ways 🙂
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Also to add to the ‘try and spend your cash’. If you have coins they may not exchange it. I have a bag of loose money from around the world! Some great tips on saving
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Oh yes!! Great tips, I have so many random coins at home….
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I usually travel with 2 cards (Amex + MasterCard) to make sure at least one of them usually works. I try not to have any cash if not necessary. Especially I’m avoiding local currencies because it’s sometimes hard to spend them. I usually carry some Eurs and USDs with me and accept other only if it’s the last change. It’s also a safety thing – if you have hundreds of cash the insurance usually doesn’t cover it all and it also makes you better target for pickpockets.
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I find cards easiest to use too. Don’t have time to deal with all that cash!
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Thank you for sharing all these tips! I love the travel wallet too.
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You are welcome! The wallets are so handy!
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I absolutely love the advice on this 🙂 Travel money can confuse alot of people and this just makes it simple.
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Thanks for your kind words!
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Wonderful tips! Bringing some cash is always important as you can’t trust in the machines in some places and well, some don’t necessarily even take one as a payment.
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Oh yes, the worse thing is when they don’t accept cards and all you have are…cards!!
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Yes! Planning can play such a huge part in saving because if you don’t know what you’re doing you can’t set yourself a budget!
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I love myself a budget holiday so I am always always planning!
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Thanks for sharing these helpful tips. I prefer cash too when I travel. I feel it’s more safer.
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But sometimes it’s really hard to guess how much you will need.
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Good tips on money. Well said. I almost follow them all actually. 🙂 http://www.yanikamuscat.com/
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You are a travel whiz!
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Good advice, planning is a key for staying on a budget 🙂
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Indeed! All that time planning is always worth it.
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