There’s something grand that happens when you get to travel. You get to leave the comfort of home and see the world. Whether you are going on your first trip, or you have gone on many before, there are some common sense things that you should consider when traveling anywhere today. The biggest to consider is currency and money. Money matters a great deal, especially if you are going to travel internationally. To avoid too many headaches, consider the following notes in regards to your finances today.
Do Your Homework For Exchanges
You will no doubt want to change currency before you go. If you don’t, expect to pay a lot of fees for the privilege. Before you go, consider looking at currency specialists, you get a much better rate than a bank. Ask about the costs associated with this, and you’ll actually be surprised by the prices that you’ll be quoted. If you wait too long, and you end up going overseas to exchange things, there may be additional fees tagged to your dealings.
Traveler’s Checks Still Work
If you’re not sure about carrying paper money, you don’t have to. You can buy traveler’s checks and use them to make exchanges and much more. Of course, you may find it difficult to pay for things at a small business in another country, but you could visit a bank and make a quick exchange with minimal fees as a result.
Don’t Use Stronger Currency For Anything
This happens a great deal. You visit another country and you forget to trade all your cash. The vendor accepts your home currency! Great, right? Nope. They are going to outsmart you with the currency exchange rates, and by the time you figure it out, it’s going to be over. Do not deal with this, don’t use your home currency, always use the money of the place you’re in.
Tell Your Bank and Credit Card Company
Always make sure that you are in communication with your bank and credit card company before making international travel options. That will help you avoid costly fees, declines, and more. Furthermore, make absolutely sure you double check with them before you leave, or you may find yourself stuck in a foreign country, without recourse.
Send Money Abroad or Receive It
If you run into an issue while you’re away, and you need help, as a last resort you can use MoneyGram or Western Union to get funds wired to you without hassle. You can also send money abroad to family, friends, and relatives if you need to. They can also send you money as well. Either way, this can help out in a bind, especially if you’re caught up in the midst of travel.
One last thing to remember about all of this is simple, keep an emergency stash of currency in your luggage, just in case. Have both your home currency and coins, bills and more for the place you’re visiting. You never know what may go wrong, but at least you can have peace of mind when you return to your hotel room and your luggage has an emergency fund.
from
http://www.changecurrency.org/change-currency/5-tips-for-avoiding-currency-issues-abroad/
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