7 simple money tips to keep in mind for a hassle-free travel

Saturday, 4 July 2020

Follow these 7 simple money tips to ensure that you have a hassle-free travel.

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With all the excitement of preparing for your next travel, it’s easy to lose track of some important things in your day to day life that you normally do not overlook. One such critical aspect is money or finances.

Money tips for a hassle-free travel
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7 simple money tips to keep in mind for a hassle-free travel




    Let’s admit it. While it’s true that one of the checklists in travel planning is budget preparation, truth is, we often fail to realize that there are also other crucial financial details that we need to be mindful of before we set off to our next adventure. 

    It could be because of the eager anticipation for the arrival of that holiday or the stress that come with having to remember so many details. Whatever it is, it is advisable to include those financial-related concerns in your travel checklist or things to do. 

    Money matters to remember before traveling 


    We all want our vacation to be fuss-free and without headaches. As such, if you want maximum enjoyment when you travel, make sure that you have all things that are related to money dealt with accordingly. 

    So, what aspects of your finances aside from your travel budget should you focus on before you hit the road? Read on to find out more. 

    1. Settle all your payables and obligations 


    There nothing more nagging than suddenly remembering that your loan or credit card bill for the month is already due for payment while you are on your trip. As such, it would not hurt to settle your obligations in advance before flying to your next vacation destination. 

    Failing to get your debts in order before you go will leave a heavy cloud hanging over you every second of your journey. This will leave you second guessing your spending habits, worrying about your money, and, worst of all, casting doubts on the travel itinerary that you worked hard to prepare. topped 

    Furthermore, you get that uneasy feeling that comes from knowing that you have an obligation to pay, plus added fees and charges, waiting for you when you get home. When faced with this situation though, it’s good to know that there are companies that can help you come up with a work-around even when you are traveling. For example, there is Creditfix.co.uk that can help you get to grips with your debt and prepare a tailor-made debt solution for you and your situation. 

    You can still enjoy the rest of your holiday with the thought that your problem can still be addressed. But again, to reiterate, settle your obligations especially if you will be traveling for an extended amount of time. 

    2. Your credit card is your friend 


    I do believe that your credit card is your best friend when traveling. Credit cards are safe and secure as compared to bringing large amounts of cash, plus they have features that will ensure to the highest degree that it’s only you who is using it to transact. 

    But again, practice smart credit card spending. Try to balance your credit card spending because you do not want to be surprised to find out that you have spent so much during your vacation using your card. At best, use it for emergency situations when you have ran out of cash. 

    Remember that there are currency conversions and associated fees whenever you use your card overseas.


    3. Write down your bank and credit card emergency details 


    Take note of your bank’s emergency hotlines which can be found at the back of your credit card. There’s nothing more nightmarish than losing your credit card abroad. As such, it’s good to know your bank’s emergency hotlines so that you can report lost cards immediately. 

    Simple and easy-to-follow money tips for a hassle-free travel
    Photo courtesy of pexels.com

    Your bank can then block your lost credit card and prevent unauthorized use. If you are using an international bank, they may even find a way to send you a replacement credit card. 

    4. Report all suspicious transactions in your credit card 


    Unscrupulous individuals will strike in situations when you least expect them to. Even when you are out traveling, you may realize that there are unauthorized transactions going on using your credit card. If you feel that your credit card is being compromised, report it to your bank immediately so that they can investigate and act on the situation accordingly. Again, always keep your bank’s emergency numbers in a notebook or your mobile phone. 

    5. Familiarize yourself with the currency of your destination country 


    It’s always a good idea to familiarize yourself with the currency of the country where you are going to. Moreover, you should also familiarize yourself with the exchange rate versus US Dollars so that you when it is time to pay for items or services, you will have an idea if you are getting the best price or not. In the end, keep in mind that the more you know, the less likely you are going to be ripped off. 

    6. Use a travel money card 


    As much as possible, avoid exchanging your cash at the airport because you will not get the best deal here. You can shop around the days before you are due to travel or consider using an international money card to make the entire process even simpler. 

    If you are not so keen on bringing and using credit cards, you may opt for a travel money card. These are reloadable prepaid cards that can support various currencies, depending on your bank. That means that you can load it with US Dollars plus some other currencies like Japanese Yen and Hong Kong Dollar.

    A travel money card is safe and easy-to-use and will not incur fees and charges and interest rates. However, you have to ensure that it is loaded before your travel schedule. To load it, you have to visit your branch of account, exchange your money for the currency of your choice, and load it into your card. 

    7. Keep your cash in a safe place 


    There will always be crooked individuals wherever you are in the world. As such, always take caution when you are traveling abroad and especially if you are bringing cash with you. 

    Keep your money in a safe location to avoid hassles when traveling
    Photo courtesy of pexels.com

    Make sure to keep your money safe when you’re abroad. Put it in a money belt that you can always see or place your extra cash in hidden pockets inside your bag or pants. 

    Also, do not put all your cash in a single location so that in case somebody tries to steal it from you, they will not be able to take all your money. 

    Epilogue 


    It is of utmost importance to be mindful of our finances and money-related issues before and during our vacation. I hope you found these simple tips helpful and practical. What’s even better is that these are simple enough so that they do not feel like additional tasks when planning for your holidays. 

    If you have some more tips in mind, please don’t hesitate to share them in the comment section below.


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