“What’s the best way to look after your money while you’re travelling?”
I travel all the time, I should know this!
Of course, I began with a trusty Google search, confident that I’d find the answer there. After hours of research I was even more confused about the best way to look after your money while you’re abroad.
Personally, I exchange a small amount of cash (usually at the Post Office) before I leave and make sure I have enough for taxis and emergencies. I then simply withdraw cash using my regular debit card from an ATM. Whenever possible I use an ATM that doesn’t charge but this isn’t always possible.
Travelling with my money in this way is simple and hassle-free but I’m sure I’m losing out on exchange rates and withdrawal fees. When I was in the US I was being charged up to £4.50 for each withdrawal due to my bank charging me and then the ATM charging me too.
I’ve asked around and everyone seems to use a different method to look after their foreign currency.
Some people will use a pre-paid travel card, others use bank accounts that don’t charge (even if it means changing banks or opening a new account), some people just use cash and many use credit cards. But which is best?
So I’d like to put this to you. How do you look after your money while you’re travelling?
Let us know in the comments below and hopefully one solution will stand out as the best!