Financial Advice

Posted on November 18, 2013Posted by admin

Make sure you’re set up for internet banking, it’ll make it easier to manage your spending while you’re away.

Check the expiry date on your credit, debit or prepaid card and make sure it’s valid for the whole trip.

Photocopy your credit, debit or prepaid card(s) and passport details, and keep the copies in a place separate to the originals.

Financial institutions may put your accounts on hold when cards are used in a foreign location, so let them know where and when you’re travelling before you leave.

Your financial institution’s customer service number will be different in different countries. Jot down the phone numbers for the countries you’re visiting before you go.

European merchants prefer PIN transactions, set up a 4-digit PIN with your financial institution for your credit, debit or prepaid card before you go.

Carrying large sums of cash when travelling is a real hassle. Plus, if it’s lost or stolen it could put a real downer on your trip! Use your Credit, Debit or Prepaid card for things like hotel bookings and transport to avoid carrying large sums of cash.

Reservations and rentals usually require a card number, so keep yours handy.

Store your credit, debit, or prepaid cards in separate places, so you have a backup if you lose one.

Enjoy local cuisine. Not only is it the most delicious way to eat in Asia, it’s also the cheapest! Western food is quite a bit more expensive here and not nearly as good as what you’d get back home.

Mind your P’s and Q’s. The easiest way to burn through your travel fund is to go out drinking every night. Drinks are relatively cheap in our destinations, but indulging every night will certainly take a toll on your bank account. By all means, enjoy the varied nightlife Asia has to offer, but everything’s better in moderation.

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