When you travel it is important to feel safe about your finances. All sorts of things can go wrong on a trip so it is always best to keep your wits about you. Instead of learning the hard way it is advantageous to take all the advice you can get before departing.
Make sure that you always follow the attitude, “better safe than sorry” and you will manage to avoid all sorts of problems. It is important to enjoy your trip and not let fear consume you but it is also ideal to plan ahead and take precautions. Here are some of the best tips for making sure your financial situation is safe during your trip.
Bring 2 Credit Cards
You should always travel with at least 2 credit cards. This way you have your main source of money and a backup if anything goes wrong. It is always good to have a backup because you never know if you could be a victim of theft, loss, or even something as wild as the ATM eating your card.
If you only have one credit card, consider bringing a pre-paid debit card. This way you can still use it like a card and make payments online, but without any of the worries of interest or fees. This is a great option for people who are trying to build their credit.
Always Have Some Cash
You never know when you will need to take a cab or end up at a restaurant or store that accepts cash only. This is a common occurrence in places outside of North America. Many smaller businesses in humble countries prefer not to pay the cost that it takes in order to run a credit card machine so it is common to find that you will need cash.
Instead of carrying a large amount around with you, carry the equivalent $30-$50 and leave $100-$200 back at your hotel in the safe. This way you have a larger stash back in the hotel in case you need to buy a larger purchase in an emergency like a train ticket.
Alert Your Bank Of Your Plans
Make sure that you contact your bank about your travel plans. This way they will not put a hold on your card and freeze your funds due to suspected fraudulent activity.
This can be a terribly disappointing situation if you are in line trying to pay for something and your card will not go through. You may have to spend the afternoon on hold with your bank trying to reactivate it. Instead of dealing with this extra hassle, plan ahead and notify them about your travel plans.