Protect your money when traveling.

Tips to Protect Your Money When Traveling

  • Travel Team
Jan 24, 2013

Under 300 words: Keep your wallet protected while traveling.

Money is the lifeblood of almost every traveler. You need it to eat, sleep and get into most top attractions in major destinations, and as such, it becomes one of the most important things a globetrotter needs to protect. Becoming the victim of theft is a surefire way to mar a vacation, and while investing in certain packages can offer assistance services to help those who need to contact loved ones or embassies, there are a few other things travelers should do to stay ahead of the game.

Using alternatives to cash, such as credit or debit cards and travelers checks, is one way to make the most of your money while abroad. Not only do credit cards often help you get the best exchange rate on a given day, but the ability to track purchases and signatures could come in handy should your possessions fall into the wrong hands. The only catch here is that some transactions may be subject to international fees, so be sure to check with a bank or provider beforehand to examine the policy.

The way travelers carry money can also be important. Money belts, inner coat pockets and even special undershirts have places to store money, cards and identification, and dividing up valuables between these locations can help keep at least some of your things safe. Another handy tip is to use smaller denominations whenever possible. Large bills draw attention and should be stored in safer places than smaller ones, while smaller bills that are used more frequently should be kept somewhere that provides optimum convenience. By splitting up the bills, you can keep money hidden while also having small monetary units and coins ready for spur of the moment purchases - and you don't have to be concerned with accidentally dropping bills after jostling around for them.

How have you protected your money while traveling?

Ever had an instance where you were left stranded with no money while traveling? Tell us your story using the comment section below.

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