Everyone dreams of traveling abroad, but the worry of money sometimes makes this experience stressful. If you want to enjoy your trip to the fullest, then correct money management is very important. To avoid spending money at the wrong place or paying more charges unknowingly, it can be beneficial to adopt some easy money hacks. Here we are sharing 10 such tips according to Bank Bazaar, which will help in keeping your foreign travel tension free and in budget.
Inform your bank about your travel before going abroad. This can prevent your cards from getting blocked, and you will be able to withdraw or spend money abroad without any hindrance.
Do not exchange currency at the airport
Exchanging currency at the airport can be expensive. Try to buy foreign currency before traveling. If this is not possible, then withdraw currency from a bank or ATM at the destination.
Check the credit card fees
Before using the card abroad, know how much charges will be levied on it. Some international credit cards charge low fees, use such cards.
Make a budget for the trip
Make a budget for the travel expenses. This will let you know how much money you need to carry with you and how much you need to spend every day. Also keep some extra money so that it can be used in case of any sudden need.
Carry multiple payment options
While traveling abroad, keep multiple payment options like cash, credit card, and forex card with you. This will ensure that you are prepared in any situation.
Keep cash and cards separate
Keep your money and cards separate. Always keep some cash and a card with you and distribute the rest among your luggage. This will ensure that you have money even if you lose a bag.
Take care of household bills
When going on a long trip, do not forget about your household bills. To pay them on time, you can set up automatic payments or take help from a family member.
Get an international phone plan
Get a good international plan to avoid expensive phone bills abroad. Turn off your phone’s data before landing to avoid any unexpected expenses.
Do not use public Wi-Fi
Using public Wi-Fi is not safe. Turn off the ‘Connect to networks automatically’ option on your device and use a data plan while banking.
Make sure to take travel insurance
Don’t forget to take travel insurance for traveling abroad. It will help you in situations like lost bags, flight delays, and medical emergencies and make you feel secure.
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