Travel is fun but travelers often make costly mistakes when traveling abroad. We’re here to help you avoid the pitfalls. With a little bit of planning, you can save yourself from costly money mistakes when traveling. You’ve seen the do’s, now in this second part, we cover things to avoid.
Also, make sure to read up on avoiding Cyber Scams when traveling.
There has to be a better way!
Avoid Travel Money Mistakes: Don’t Get Huge Exchange Rates
- Don’t get foreign currency at currency exchange windows or kiosks at airports, you will pay huge fees. Never do this!
- Don’t answer yes when a credit or debit card transaction asks if you want to convert your payment to U.S. Dollars. It’s just another way to get more fees.
- Avoid multiple ATM cash transactions in a day. Unless your bank is waiving your ATM fees, those fees are racking up. And don’t use an ATM without checking the surroundings and making sure no one can see your pin entry.
Avoid Travel Money Mistakes: Don’t Forget to Check Ahead
- Don’t worry about getting foreign currency for tips etc. In almost any country, they will gladly accept USD if that’s what you have.
- Verify your cell phone plan before traveling to any country. Know what the charges will be, if any.
- We love our Amex, but they are not widely accepted abroad. Bring a Visa or MasterCard for backup.
- Don’t forget to confirm your travel with your bank, so they don’t shut down your card.
Avoid Travel Money Mistakes: Don’t Forget Insurance
Don’t forget travel insurance!
If something happens, you could be out thousands of dollars, all your clothes, and worse. Travel Insurance can be one of the most important things you can buy to keep your money safe. Plus, a lot of health plans don’t cover much overseas, so you can lose a lot of money getting sick or hurt on your trip!
There were a lot of tips in there! Keeping your money safe is an important thing to keep in mind when traveling. With these tips, and some common sense, you can enjoy your travel to the fullest without worry!
