How to Handle Money While Traveling

Traveling to a different country can be exciting! You get to experience new cultures, sample new cuisines, see unfamiliar sights, and learn exciting languages and customs. However, one thing that can be a bit tricky is figuring out how to handle your money.

Before you travel, it’s a good idea to do some research on the currency of your destination country as well as its banking system. That way, you’ll know what to expect and can plan accordingly. In this article, we will go over the top tips for handling your money while you are vacationing.

1) Plan Ahead

One of the best ways to save money while traveling is to plan your expenses in advance. This means knowing how much money you will need for activities, meals, accommodation, and souvenirs.

If you are on a budget, there are plenty of ways to save money while still enjoying your trip. For example, you can cook your own meals instead of eating out, stay in Apartments for rent in Chattanooga instead of hotels, and walk or use public transportation instead of taking taxis everywhere.

2) Use a Travel Rewards Credit Card

If you are going to be using your credit card while traveling, it’s worth considering a travel rewards credit card. These cards usually have no foreign transaction fees and offer rewards such as points, miles, or cash back on your purchases.

Some travel rewards credit cards even come with perks such as free checked bags, priority boarding, and airport lounge access. So if you are a frequent traveler, a travel rewards credit card can save you a lot of money.

3) Stay on Top of Exchange Rates

When you are traveling to a foreign country, it’s important to stay on top of the currency exchange rates. This way, you’ll know how much your money is worth in the local currency and can budget accordingly.

There are a few different ways to do this. You can check online before you travel or download a currency conversion app. Once you are in the country, you can also ask your hotel or a local bank for the current exchange rate.

4) Use an ATM

One of the easiest ways to get local currency is to use an ATM. When you use an ATM, make sure to use one that is affiliated with your bank. That way, you’ll avoid any foreign transaction fees.

If you are traveling to a country where ATM machines are not common, you can exchange your money at a local bank or currency exchange office. Just be aware that you will likely get a better exchange rate if you use an ATM.

5) Be Careful With Your Money

When you are traveling, it’s important to be careful with your money. This means not carrying all of your cash with you and being aware of your surroundings when using ATMs or counting out money in public.

Some tips for avoiding money loss include:

  • Keep your cash and cards in a money belt or hidden pouch.
  • Only take out as much cash as you need for the day.
  • Be cautious of pickpockets and scams.

Following these tips will help you to keep your money safe while traveling. It’s also a good idea to keep track of your spending. This can be done by keeping receipts or recording your expenses in a travel journal.

6) Have an Account With an International Money Transfer App

Let’s face it, emergencies happen. And when they do, it’s good to have a backup plan. One way to do this is to have an account with an international money transfer app such as Ria Money Transfer. This app to send money internationally allows you to send and receive money internationally without high fees.

So if you find yourself in a situation where you need cash urgently, you can transfer money to your account and have it within minutes.


Overall, handling your money while traveling doesn’t have to be difficult. By following the tips in this article, you can save money, avoid fees, and stay on top of your finances while you’re on vacation. So go ahead and enjoy your trip!


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