Your money can be at risk when you’re traveling. Not only could someone steal from you if you’re not careful, but you could also end up spending too much and even running out of money. Knowing how to protect your money when you’re traveling is essential if you want to make sure you have a good trip. If you end up in financial trouble, it could spoil your travels. You can be proactive and take steps to protect your money when you travel, whether you’re going abroad or sticking a little closer to home. Here are some of the things you can do.

Avoid Carrying Lots of Cash

It might seem obvious to some, but carrying a lot of cash is generally not a great idea when you’re traveling. You don’t want anyone to see you waving notes around, and you don’t want to risk losing a lot of money if you lose your wallet or someone steals it. Instead of carrying cash, consider the alternatives. You could use a prepaid card or look for a card that won’t charge high fees when you use it away from home. Some bank accounts will offer good deals for withdrawing money or spending on your debit card.

Take a Credit Card

While it’s useful to have a little cash with you, a lot of people choose to use a credit card while they’re traveling. Even if you don’t use it for your main spending, it’s still useful to carry one. There are several great reasons to take a credit card. It can allow you to earn rewards and it gives you a good backup option for emergencies. If you use Compare Credit, you could find a card that works for traveling. Some cards are designed to give you good deals on foreign currencies and some will give you rewards points for airlines and hotels.

Don’t Get Fleeced

It can be difficult to know how much to pay for anything when you’re traveling. If you’re unfamiliar with how much things can cost, it’s easier for people to overcharge you. That’s why it’s beneficial to do a little research before traveling, especially in places where you might have to haggle a bit. It’s always smart to try and avoid the tourist traps too. These places might be convenient to get to, but they will often charge a lot more compared to local places.

Prevent Identity Theft

Pickpockets and thieves can be a concern when traveling, but you also have to be wary of identity theft these days. If someone manages to get your personal information or steal your card details, you could find them using your money and identity. Make sure you keep a close eye on your belongings and protect your personal information. Avoid using unsecured public WiFi or protect yourself using a VPN when you do. Although it’s common in some places to take your card away for payment in restaurants, try to keep an eye on where it’s going.

Protect your money when you’re traveling to make the trip one that you’ll remember for the right reasons. Do you have any more tips on how to travel safely with money? Let me know what they are in the comments below.

Until our next rendezvous…

XOXO

Trudy