Skip to main content

How to keep your money safe while traveling abroad

Are you excited and counting down the days to your next vacation? Regardless of how thrilled you are to take your next trip, it’s always crucial that you buy forex and plan wisely. After all, nothing can ruin your vacation faster than losing your bankroll.

That’s right, after working throughout the year, you deserve to take a few days off to relax and unwind. But when travelling abroad, it’s important that you choose the best multi-currency forex card, plan well and remember to take plenty of precautions. If you’re careless with your wallet, someone could swipe your money from under your nose.

Here are a few simple ways to keep your money safe while travelling.

Limit Cash and use a credit card: Many use credit cards as a primary method of payment on vacation, which can be risky, as there may be a temptation to overspend. But by using cash you can save more money and stick to a specific budget, as it compels you to spend within a certain range. But on the flip side, cash isn’t replaceable – if someone steals your money, you can lose all of your trip funds. So, beware of pickpockets.

Use the Multi-Stash Method: If you totally rely on cash, never carry a lump sum amount in your wallet. Instead, break it up and put various sums of it in different spots to reduce the impact of theft. For example, you can keep some money inside a hotel room safe, if a safe is available. If you have to bring a lot of cash while travelling, ask one of your friends to carry some of this money in his or her wallet. Use banks as it is the safest place for your vacation cash, and only withdraw cash on an as-needed basis.

Use a Money Belt: Whether you have cards or cash, there is no safer place than on your body. A money belt is a basic travel necessity that reduces the risk of theft. It fits comfortably across your waist or stomach. Zip the pouch and your cash will be safe from pickpockets and thefts.

If you want to know other ways to keep your money safe while travelling, visit source blog.
Source: https://yourexpertguide.wordpress.com/2019/02/25/how-do-you-keep-money-safe-while-travelling-abroad/


Labels:

Comments

Post a Comment

Popular posts from this blog

Factors to Consider When Choosing a Currency Exchange Provider

Planning a foreign trip and wondering where is the ideal place to buy foreign exchange in India? Should you be looking at a multi currency travel money card or buy USD online? Read on for things to consider when you are choosing a currency exchange provider/service: First, you would need to consider your options. Would you want to go to banks or regular currency vendors/dealers? You could even buy USD online or for that matter, most currencies. You can buy from banks or even from national post offices so there are no chances of acquiring counterfeit currency. In case you don’t hold an account in a specific bank, the bank may choose to carry out transactions through cards so you end up paying convenience fees. When you go to private dealers/vendors, you should ensure that they are a credible name, and have the requisite authorisation from RBI, India’s central bank. Don’t exchange from the first vendor you see. Compar...
Post a Comment
Read more

How Currency Swings Can Affect Your Holiday Costs?

Rise and fall, variation or shift in the floating exchange rate system is a norm in the case of most major economies. The currency’s value goes hand in hand in accordance with the foreign-exchange market. International money exchange rates are affected by numerous factors that are usually in a state of perpetual flux. These include interest rate differentials, economic performance, supply and demand of the two currencies, and inflation. If you run a travel business, you’ll directly be impacted by fluctuating currency rates. The relative strength, or lack thereof, of the dollar against other major currencies will dictate your business traffic. Travel Trends: A Lot of people travel for leisure than for business. Travel, just like any other activity, experiences trends that tend to develop based on various forces. Unsurprisingly, trends can be set by the media. Specifically, travel media may establish some trends based on tourism surveys and other professional r...
Post a Comment
Read more

Rbi Guidelines for Foreign Exchange

People travel all around the world and when they land up in a foreign country they require that particular country’s currency in order to buy goods and services. Here foreign exchange comes into the picture, which helps you in exchanging the currency of one country into that of another. The largest and the most liquid financial market in the world is the foreign exchange. Here are some international currency exchange guidelines that are to be followed in India. When going on a leisure trip abroad, the maximum amount of foreign currency that can be taken is USD 25,00,00 per traveller in a single financial year. Out of that, only $3000 can be carried as cash. The remaining balance should be carried around as traveller’s cheques, forex cards and remittances. But when on a trip to Nepal or Bhutan for any purpose, no forex currency exchange will be available. When going on a leisure trip abroad, the maximum amount of foreign currency that can be taken is USD 25,00,00 per t...
Post a Comment
Read more