{"id":93695,"date":"2019-09-20T09:55:38","date_gmt":"2019-09-20T16:55:38","guid":{"rendered":"https:\/\/aswetravel.com\/?p=93695"},"modified":"2023-05-07T07:51:08","modified_gmt":"2023-05-07T14:51:08","slug":"personal-finance-tips-traveling","status":"publish","type":"post","link":"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/","title":{"rendered":"6 Personal Finance Tips for Traveling Abroad"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#6_Personal_Finance_Tips_for_Traveling_Abroad\" title=\"6 Personal Finance Tips for Traveling Abroad\">6 Personal Finance Tips for Traveling Abroad<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Here_are_6_personal_finance_tips_for_traveling_abroad\" title=\"Here are 6 personal finance tips for traveling abroad\">Here are 6 personal finance tips for traveling abroad<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Tell_Your_Bank\" title=\"Tell Your Bank\">Tell Your Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Take_Cash\" title=\"Take Cash\">Take Cash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Plan_for_an_Emergency\" title=\"Plan for an Emergency\">Plan for an Emergency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Check_Exchange_Rates\" title=\"Check Exchange Rates\">Check Exchange Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Use_Common_Sense\" title=\"Use Common Sense\">Use Common Sense<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Dont_Forget_Travel_Rewards_Cards\" title=\"Don\u2019t Forget Travel Rewards Cards\">Don\u2019t Forget Travel Rewards Cards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/#Personal_Finance_Tips_for_Traveling_Abroad\" title=\"Personal Finance Tips for Traveling Abroad\">Personal Finance Tips for Traveling Abroad<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"6_Personal_Finance_Tips_for_Traveling_Abroad\"><\/span>6 Personal Finance Tips for Traveling Abroad<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Whether you\u2019re heading to a big city in the US like Austin or headed across the ocean to check out the culture and class of the European nations, there are some <a href=\"https:\/\/aswetravel.com\/traveling-comfortably-on-budget-hacks\/\">personal finance tips<\/a> you\u2019ll want to follow to keep your personal finances secure while you\u2019re traveling abroad.<\/p>\n<p>Fraud and theft can happen anywhere, so it\u2019s important to take certain precautions to ensure you don\u2019t fall victim to financial crisis while traveling. Reduce screen time when traveling<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Here_are_6_personal_finance_tips_for_traveling_abroad\"><\/span>Here are 6 personal finance tips for traveling abroad<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>\n<dl id=\"attachment_26053\">\n<dt><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/aswetravel.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-11-at-4.55.43-PM1.png\" alt=\"personal finance tips for traveling abroad\" width=\"585\" height=\"406\"><\/dt>\n<dd>personal finance tips for traveling abroad<\/dd>\n<\/dl>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tell_Your_Bank\"><\/span>Tell Your Bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>First and foremost, you should always let your bank know where you\u2019re going, how long you\u2019ll be there, and your estimated return date.<\/p>\n<p>This goes for credit card companies as well.<\/p>\n<p>Banks and credit cards will sometimes freeze your funds if they suspect fraudulent activity, and not letting your bank know you were going to Prague could make your transactions seem very suspicious.<\/p>\n<p>Keeping your financial institutions informed ensures that your travel isn\u2019t cut short.<\/p>\n<p>The hassle alone could be enough to ruin your trip, let alone the inconvenience of not having any money.<\/p>\n<p>If your funds are frozen on a Friday, you may not be able to get a hold of anyone until Monday morning!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Take_Cash\"><\/span>Take Cash<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cash is still king, and taking cash on your trip can help protect your debit or credit cards from being at risk.<\/p>\n<p>Your PIN will be protected if you use cash, and often, cash is worth more in foreign countries (depending on the exchange rates).<\/p>\n<p>When you\u2019re carrying cash, it\u2019s best to only take what you need. You don\u2019t want to lose or have a large amount of cash stolen.<\/p>\n<p>If you\u2019re going shopping, start with a small amount, and if you need more you can always use an ATM.<\/p>\n<p>Restaurants are a popular place for thieves to strike since the waiter\/waitress usually has to take your card over to the register to ring you out.<\/p>\n<p>This can put your entire bank or credit account at risk; jeopardizing much more than just your travel plans.<\/p>\n<p>Protect your financial information and your travel plans by using cash instead of your card.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Plan_for_an_Emergency\"><\/span>Plan for an Emergency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When traveling abroad, it\u2019s important to have a backup plan should you run out of funds.<\/p>\n<p>While Western Union transfers are still around, there are plenty of other ways to have money sent to you while you\u2019re traveling.<\/p>\n<p>Facebook and apps like Vemo offer a convenient way to transfer funds to anyone in the world, and PayPal is the classic go-to for such transfers.<\/p>\n<p>Have a backup plan in place with a trusted relative or friend so you don\u2019t end stranded without any money.<\/p>\n<p>Using a financial advisor to help you set up a travel fund and backup plan will ensure that you\u2019re putting the right amount of money away.<\/p>\n<p>These experts will help you make better financial decisions overall, increasing your travel budget and personal assets.<\/p>\n<p>You can compare the 5 best financial advisors on the Careful Cents site for more information.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Check_Exchange_Rates\"><\/span>Check Exchange Rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you\u2019re traveling to another country, you\u2019ll want to find where the best exchange rates are offered.<\/p>\n<p>Sometimes the best exchange rates aren\u2019t actually in the country you\u2019re visiting but instead are in your home country.<\/p>\n<p>The exchange rate will determine how far your dollar will go in the foreign nation, possibly stretching your travel budget even further if your currency is worth more.<\/p>\n<p>For instance, if you\u2019re traveling to Mexico, <a rel=\"nofollow noopener\" href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=MXN\" target=\"_blank\">the exchange rate for one USD to Mexican Pesos<\/a> is: $1USD = $19.55 MXN.<\/p>\n<p>This could make your travel budget go much further since your one dollar is worth almost twenty pesos.<\/p>\n<p>Check exchange rates in local banks, border crossings, and foreign banks to be sure you\u2019re getting the most for your money.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Use_Common_Sense\"><\/span>Use Common Sense<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It can be pretty easy to get caught up in the spirit of traveling and forget that danger still exists, even when you\u2019re within the same country.<\/p>\n<p>According to reports, financial crimes have reached new heights as of last year, and are expected to continue to grow in the coming years.<\/p>\n<p>It\u2019s vital to the security of your personal finances that you utilize common sense when traveling abroad.<\/p>\n<p>Practice more caution than you usually would with your money, especially if you\u2019re in a foreign country.<\/p>\n<p>It\u2019s not uncommon for foreign hackers to get a hold of credit card information and transfer funds far out of reach of the US government\u2019s jurisdiction.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dont_Forget_Travel_Rewards_Cards\"><\/span>Don\u2019t Forget Travel Rewards Cards<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Travel reward cards can grant you deals on flights, hotels, and more simply by using them to cover your travel expenses.<\/p>\n<p>Remember that these credit cards still operate as regular credit cards with limits, due dates, and, of course, an APR.<\/p>\n<p>Travel rewards cards are the perfect option for the frequent traveler.<\/p>\n<p>The more you travel, the more rewards you\u2019ll rack up; granting you access to some amazing discounts you wouldn\u2019t be able to get otherwise.<\/p>\n<p>If you\u2019re looking for a credit card and love to travel, check out this list of the best travel cards of this year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Personal_Finance_Tips_for_Traveling_Abroad\"><\/span>Personal Finance Tips for Traveling Abroad<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Keeping your financial institutions informed of your travel plans and utilizing common sense are the most important tips from our list.<\/p>\n<p>Be aware of the situations you put yourself in, and always let your bank know that you\u2019re leaving (and when you\u2019ll be back).<\/p>\n<p>Avoid suspicious activity, and try to use cash where you can.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>6 Personal Finance Tips for Traveling Abroad Whether you\u2019re heading to a big city in the US like Austin or headed across the ocean to check out the culture and class of the European nations, there are some personal finance &#8230; <a title=\"6 Personal Finance Tips for Traveling Abroad\" class=\"read-more\" href=\"https:\/\/aswetravel.com\/personal-finance-tips-traveling\/\" aria-label=\"Read more about 6 Personal Finance Tips for Traveling Abroad\">Read More<\/a><\/p>\n","protected":false},"author":9,"featured_media":93696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/posts\/93695"}],"collection":[{"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/comments?post=93695"}],"version-history":[{"count":0,"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/posts\/93695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/media\/93696"}],"wp:attachment":[{"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/media?parent=93695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/categories?post=93695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aswetravel.com\/wp-json\/wp\/v2\/tags?post=93695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}