Travel requires money even if you go to local destination. And international travel can cost lots of money. Hence, it is a must to be more prepared with your money management before, during and after the trip. Keep in mind that managing your money while travelling abroad can be overwhelming if it is your first time. You need to be aware of different currency and whatsoever. And here are some of the most issues regarding to money management for international travel:
Accessing money in the safest, easiest way
Travelers use different ways to keep their money. Some of them prefer usual wallet thy usually use at home. Some others prefer more unconventional methods such as putting it inside plastic bags or not taking any cash at all. The most important thing is to not flash your cash in front of others carelessly. Some places might be more dangerous than others that you can become a target of theft or robbery. If you are unsure of taking cash, just bring enough amount for that day and save the rest in safe place in your lodging or bank account. You can withdraw local currency at the ATMs later. You may also consider using credit card just make sure you keep it safe.
The amount of money to spend
When it comes to the amount of money to spend when travelling abroad, there is no exact number to use as parameter. Every individual may have different spending. However, you may estimate by considering the duration of the trip. It is also essential to make detail estimation of possible expenses you have for the trip including expenses for the unexpected such as paying for medication or injury, buying souvenirs, etc.
What you should do when your card stops working
It is possible that the card you bring to your destination stops working. Do not panic and call the bank to find out what is happening. The staff of the bank will ask you few questions to confirm necessary information. If it goes well, your card can reactivated without hassle. Even if your card cannot be reactivated right away, the bank usually work out a plan for a cash advance if you really need access to your money in the meantime.
How to stay safe during travelling abroad
Travelling abroad is safe in general especially if you don’t go wandering around sketchy or secluded places. When you explore new places, make sure to always choose the safest path especially if you are solo travelling. It is recommended to not bring too much cash when exploring the places. Bring cash with enough amount that can last you for that day. It is also recommended to put your cash in different places in your body just in case you become a victim of pick-pocketing or something. Hence, you still have a backup cash. If you have to go to the ATMs, avoid secluded places and put your cash in your bag before coming out of the ATM.