Who doesn’t like to save money?
It’s no secret that traveling is not the cheapest of endeavors, but fortunately, traveling doesn’t have to be as expensive as you may have anticipated either.
Here are four tips that will save you money when you travel abroad:
Tip #1 – Use A Card With No Foreign Transaction Fee
One expense that will add up quickly on any travel trip is using your credit card to pay for things. It will add up even more quickly if your card is using a 1-5% or so fee for each transaction that you make in a foreign country.
The solution to this problem? Simple: get a card that doesn’t have any foreign transaction fees. Honestly, they aren’t hard to find, and it’s possible that you already have a credit card with such a policy.
Tip #2 – Seek Out The Best Exchange Rates
When converting money to attain cash in the currency of the country you are traveling to, you’ll want to get one of the very best exchange rates that you possibly can in order to save on money too.
One of the best ways to do this will be to seek out the aid of an online remittance service, which will almost always have a smaller rate than the exchange services you can find in the terminals of most airport.
Tip #3 – Don’t Eat Out
Or at the very least, don’t eat out a lot, because doing so will almost certainly cost you a lot of money. Even though eating out at individual restaurants won’t cost you a lot, they will add up very quickly.
The solution here is you need to eat out less by buying more food at grocery stores and supermarkets and bringing it into your hotel room to make on your own. It may not be as fun, but if money is an issue for you, it will be a very smart thing for you to do.
Tip #4 – Book Early
Booking just a couple of weeks early ahead of your trip, rather than several days ahead, can really help you to save a lot of money on your trip as well.
In fact, it’s possible to save as much as several hundred dollars when you opt to book flights and hotel rooms several months ahead of times. If that’s not possible for you and your trip is coming up soon, then at the very least you will want to book everything as soon as you possibly can.
Saving Money While Traveling Abroad
Traveling is something that is meant to be enjoyed, and while stress is natural when you’re hustling and bustling from one airport to the next, you don’t want money problems to add onto that stress. For that reason, following any one of the personal finance tips in this article can help to save you on cash when you travel.