Are you going away on travels soon? An important thing to take care of before you go is your money. The financial aspect of your trip should be last thing on your mind when you’re traveling, you have sights to see, people to meet and local food to taste! If you make a rough overview of your finances before you set off to your holiday destination you won’t face any surprises, spend too much money or run out of the cash you saved up for the trip before returning home.
Compare your home country to your destination
With the use of an online currency converter, you can find out how much your money is worth in the country you’re visiting. If you want to be one hundred percent sure, you can make a call to your bank and enquire about the most recent conversion rates.
Find out how expensive or cheap the costs are for tourists in your destination place – travel guides and online search engines will help you out with this.
Plan your daily finances
Now that you know how much money you have and how much you will roughly spend every day, write it down. Make a table and organize how much money you want to spend on accommodation, food, entertainment, culture, souvenirs and possibly nightlife and/or shopping.
Try to stick to your plan when you’re abroad. If you go past your spending limit, find free things to do, cheaper places to eat and spend less money the following day.
Don’t withdraw too much at once
It’s tempting to exchange a lot of money at once as it will cost you less. But when a pickpocket gets their hands on you, it will cost you more. Always be careful with the amount of money you carry with you! A lot of pickpockets target tourists specifically as they know their wallets will be full. Be wise and don’t be one of those poor tourists!
Set some money aside
If something unexpected happens to you, you need to have a backup plan and in most cases cash is your only way out. Everyone has gone through the trouble of losing their luggage or passport at least once so you should always set some money aside just in case this happens to you. Don’t touch this money during your travels when you don’t need to.
If you want to receive some last-minute earnings so you have a little bit more to spend during your travels, why not go through your personal belongings and see if there’s anything you can sell? Get rid of some old books or try a little clothes recycling for cash on musicMagpie. This is an easy and quick way to earn some extra money to spend abroad.