Save money while you travel
September 20, 2018
When you’re away from home it’s even more important to make your money go as far as possible. You don’t want to miss great opportunities while you’re away but then again you don’t want to face a mammoth credit card bill upon your return.
Here are a few ideas to help make your dollar go further while abroad.
Staying in touch
Obviously the cheapest ways include email and Facebook. Internet cafes are now located in the remotest parts of the world. (Although don’t forget those friends and family members who would love to receive an old-fashioned postcard delivered to their mailbox!)
Using “global roaming” on mobile phones is extremely expensive. Turn off global roaming before you leave Australia and buy local SIM cards to stay in touch by mobile phone. International Calling cards are another way to control how much you spend on phone calls.
Better still, sign up with Skype or other VOIP providers. Their communication packages are cheaper than traditional phone services.
Banking from far away
ATMs are plentiful overseas but be wary of the transaction costs overseas banks charge for accessing your account... they can be very expensive. Use Internet banking to check your account and move money about, but always ensure the computer you use to access your accounts has a high level of security.
Finding well-priced accommodation is also easy in many major foreign cities using discounted travel websites. Just type “travel deals” into your favourite search engine. Or try Airbnb for unique accommodation options.
Check local bargains
Often there are significant price differences between home and overseas. For instance, a camera may be cheaper in Italy but a haircut is a lot more expensive.
Take the bus/tram/train/subway
Reduce the stress of driving in large cities with different road rules. Instead drive to the outskirts of a city, park and catch public transport. This also gives you a better chance to mix with the locals.
Eat where the locals do
Many prominent eateries can be tourist traps. Take a stroll up the back streets and you can often find tasty local food at a fraction of the price.
By saving money as you go, you could afford to extend your holiday!
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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should consider your own financial position, objectives and requirements and seek personalised advice before making any financial decisions.