How To Be Money Savvy When Abroad

By Guest Contributor

 

 

 

 

By Jessica Pierce

Travel Blogger

Kent – UK

 

 

 

How To Be Money Savvy When Abroad

 

Photo by Steve Johnson on Unsplash

 

Travelling is an amazing experience that can broaden the mind and allow you to immerse yourself in a completely different culture.  But without proper planning, travelling abroad can become expensive and before you know it your budget is spent.  However, there are ways to make your money stretch further so you can enjoy your trip without worrying about your bank balance.  Here are five top tips on how to be more money savvy when you’re on your travels:

 

 

  1. Food

 

While feasting at the country’s finest restaurants is great for one night, it’s an unsustainable activity that will quickly tear through your budget; carefully plan which days you plan to eat out and save money on the rest of your meals.  If food is a big part of your holiday experience, then travel writer Ben Groundwater recommends travelling to a country like Singapore where the food is affordable, delicious and available in abundance.

 

 

 

 

  1. Don’t pay for every experience

 

When you think outside the box, there are so many activities and excursions to partake in while abroad that don’t cost anything.  All you need is a sturdy pair of hiking boots and you can embark on a walking adventure where you can see all of the unique animal and plant life that the country has to offer.

 

  1. Be careful during money exchanges

 

Locals might take advantage of tourists who might not be familiar with the country or the currency; countries like Bali use rupiah, which might be confusing for tourists.  Stay alert during monetary transactions and check your change to make sure that your money hasn’t been skimmed.

 

  1. Take out travel insurance

 

With so many other travel investments to make for your trip abroad, travel insurance might seem unnecessary but this is far from the truth.  In 2017, more than 10 million UK residents travelled without insurance leaving them susceptible to massive medical, cancellation, and theft-related costs if the worst should happen.  According to government statistics, treating a stomach bug or infection can cost up to £100,000 if you’re travelling in the USA, and a fall in Spain can accumulate more than £15,000 in medical expenses; with this in mind, can you really afford not to take out travel insurance?

 

 

  1. Book transfers and travel in advance

 

If you’re planning a month-long trip abroad, then travel is bound to be a big part of your experience.  It might seem difficult at the time, but booking your trains and travel in advance can save you a lot of time, money and stress when you’re in the country.

 

Happy trails…

 

 





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