When you are traveling, it is nice to keep everything as simple as possible. This also includes simplifying how you carry your money. You do not want to be burdened with numerous bills of varying currencies! Managing your money should not be a hassle but something easy to do. Here are a few of the easiest ways to carry money while you are traveling.
Carry Some Cash
Having lots of bills on you is not ideal when you are traveling. However, it is a necessity. Sure, many places across the world accept credit cards but others may not. Foreign currency might be necessary at times and you should be prepared. Before your trip, consider ordering some foreign currency online at a FX Compare or stopping by your local bank to exchange some money.
Once abroad, you will have some of the local bills on hand for those times that you can only pay with cash. This will be much easier than trying to find a currency exchange counter or rushing to an ATM last minute!
Travel Money Cards
A travel money card is a fantastic way to carry cash abroad. These cards are very similar to debit cards, however, they do not offer unlimited access to your bank account and personal information. You can get a travel money card and then load as much cash as you’d like onto the card. You can manage the card balance online, adding more money to it as needed. Also, the money you add to the card can be loaded in the local currency, making money exchange simpler than ever!
Another huge benefit of travel money cards is that if stolen, you can go online to your cards account and transfer the money back into your bank account. You won’t lose anything! These are definitely a very easy and convenient way to carry and manage your money while traveling.
A credit card is a super simple way to ensure you are able to pay for things while you travel. You probably already have a credit card too! However, before you hop on a plane, check to see if your credit card charges foreign transaction fees. If it does, see if you can get a card that does not have these fees. You will save a lot of money with a card that is free to use across the globe.
Debit cards are perfect to use while you travel as you can use it as you would a credit card but also use it to withdraw cash from you bank account when needed. Just like credit cards may charge international transaction fees, debit cards may also. Talk to your bank about how to use your card without excess charges while you travel.
As you travel, be sure to keep any cash or cards you may be carrying in a safe place. Carrying them close to your body is always recommended! It is also smart to check your account balances and transaction history a few times while overseas. When you stay on top of your money, it will be easy to manage and easier to budget too!