Travel Money Mistakes to Avoid

Most of us have their own tips and tricks when it comes to travelling. Whether it is when booking a tour or accommodation, getting around the city destination, or finding the best restaurant in town. One of the most important aspects to consider when travelling is how you can manage your money. To avoid spending more than your budget, here’s some of the money mistakes you should avoid when travelling.

Not notifying your bank

Notifying your bank before you travel abroad is very important. This way, your bank does not block access to your card in case you need it abroad. Plus, you can avoid certain charges. Furthermore, you can set a bank travel notification so you will get a message alert in case someone fraudulently use your card.

Failing to plan your transport from airport to hotel

One of the vulnerable moments you will ever have while on your trip is transporting from airport to your accommodation. It is the time that you are tired, carrying tons of luggage, and not knowing how far it is from the airport to your hotel. Plus, there may be drivers who would take advantage of you since they know that you are a tourist. To avoid these things, figure out how can go to your hotel from the airport. See what options you have. Is it going to be bus or train? Make time to do some research about your transportation before you head to your destination.

Not knowing the exchange rate

If you are travelling abroad, it pays to know the current exchange rate of the country you are visiting. Since exchange rate changes every now and then, check the rate in the first several hours of your stay in your destination. This way, you will know how much you will really need.

Using public WiFi for financial transactions

Free WiFi is absolutely helpful since having an internet connection will help you get through your stay in your destination.  It is okay to use the public WiFi when searching for your food stop or when booking for accommodation. However, it is not advisable to use this connection when doing financial transactions, such as checking
your account and fund transfer. Plus, avoid entering passwords. Doing these things may compromise your personal bank details.

Not setting a budget

Budget is one of the essential aspects you need to consider before travelling. Make time to research all the details in your destination. The food, transportation, and price range of accommodation, among others. This way, you will have a glimpse on the amount of money you need to bring. Furthermore, it is also helpful if you bring extra cash beyond your budget.

Using a debit or credit card

Using your debit or credit card to transact abroad may cause you a foreign fee that may range between 2% to 4%, depending on the card that you have.

Key Takeaway

Travelling is definitely a fun and fulfilling experience. You should take careful decisions, especially when it comes to money.

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