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

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

Benefits of Using a Travel Money Card Over Using Your Own Credit Card

Planning to travel overseas, and wondering what’s a better option, your credit card or a travel money card? You don’t have to keep rushing to money exchange locations for every transaction when you are abroad; instead carry a multi-currency forex card, especially if you are travelling to multiple countries, within Europe, for example. The options are plenty; you could carry a HDFC bank forex card, an ICICI bank forex card or an Axis bank multi-currency card. You don’t have to constantly worry about money exchange , and instead carry a small amount of foreign exchange from India. Read on for more on the benefits of using a travel money card over your credit card. One of the biggest benefits is that by getting a forex/travel card you are safe from the fluctuations in the currency value; the value of currency you are loading on that specific day will remain the same throughout your trip. This means you don’t have to constantly fret over changing...
Post a Comment
Read more

Pros and Cons of Forex Card Vs Debit Card Vs Cash

You have a foreign trip coming up and are unsure how to carry your money. Should you buy foreign currency notes, get a worldwide travel money card or head to a foreign cash exchange place once you land in your destination? How about a debit card Read on for more eon the pros and cons of each of these options. Worldwide travel money card or a forex card: This is one of the best options when you are travelling abroad. All you have to do is get a card from your bank or any bank that offers one. Most reputed banks in India offer these cards. The next step is to add funds to this card, making it a prepaid travel money card. It is secure and a good alternative to carrying cash, which is unsafe. Also, the pro of carrying a forex card is that you have a specific budget and you know exactly where your money/spending is. With cash, it becomes difficult to track spendings and you will have to match it with bills and receipts. With a forex card, you can also opt for travel ...
Post a Comment
Read more