Traveling is one of its own kind of experience that fills life with memories. I have been travelling since childhood, all thanks to my parents to passing this passion to me genetically. I feel blessed that I am one of the top ranked travel bloggers in India and often get paid to travel. But I feel, travelling is something that everything loves. But when it comes to travelling abroad, you really need to be careful, especially if you travelling abroad for the first time. Be it a family or friends outing, a solo travel or a honeymoon holiday, overseas travel needs a lot of research and planning to manage money. Most travellers often fail to do so and end up spending more than required.
When I went on to my first international trip to Thailand and that too solo, I did not have any knowledge how it works and how to manage money while travelling abroad. But then, I came back with a lot of experience. In this post, I am sharing some really important tips to manage money while travelling abroad and best way to get cash in foreign country.
How To Manage Money While Travelling Abroad? best way to get cash in foreign country
CREATE A BUDGET: Planning is the key. Make a pocket friendly budget to lower your stress and enjoy your trip to the core. Book an inclusive vacation with a trustworthy tour operator. This will help you to avoid overspending. Consider your duration of traveling and how much money you will spend each day and what all places you wish to visit. Segregate your money.
GET SOME FOREIGN CASH: As soon as you land at the airport, you will need the local currency, be it for a meal or a cab fare, etc. Having foreign cash will save you the trouble of searching for an ATM. Get few currency exchanged from your own local bank because the exchange rates would be reasonable in comparison to exchanging it later at the foreign airport.
CHOOSE YOUR AIRFARE WISELY: Some airlines offer free luggage but have high ticket costs while others have cheap fare with additional luggage costs. The best way to solve this issue is to choose a budget airline and carry light baggage that can be carried rather than depositing at the luggage counter.
GET A FOREIGN COUNTRY FRIENDLY CREDIT CARD: Credit Cards come with different perks, fees and features to help you transact easily. You might already have a few cards but they cannot be the best ones always, therefore, you should consider opening an account with one of the best credit cards for international travel with zero transaction fees.
UTILISE CHEAPEST TRAVEL OPTIONS: Make sure to check all the local travel options and choose one or more as per your needs and money management. Many foreign countries have a cheaper car and bike rentals compared to a bus or a train. Choose wisely and make the best of your trip without spending a huge amount.
SOME BONUS CURRENCY EXCHANGE TIPS:
- FOREX CARDS HELP YOU TO AVOID UNNECESSARY TRANSACTION FEES
- UNDERSTAND FOREIGN EXCHANGE COST & TERMINOLOGY
- CONSOLIDATE YOUR TRANSACTIONS
- DO NOT EXCHANGE CASH AT THE AIRPORT, IT’S EXPENSIVE AS COMPARED TO THE AGENTS & SITES
- BEWARE OF COUTERFIETS
- CHOOSE THE RIGHT CURRENCY AND RIGHT CHANNEL
- BUY MORE SAVE MORE Manage Money While Traveling Abroad
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How do I afford traveling once per month? Do I have a trip budget planner? Of course, I do
