Top Tips For Traveling Safely Financially

by Chan Francesca | December 19, 2018 11:40 am

One of the biggest factors when traveling is the cost of it. Traveling is not exactly cheap, and keeping costs under control is a top concern for any traveler.

This is also exactly why not only you need to learn how to travel safely, but you also need to learn how to travel in as financially safe of a way you can as well, and that’s exactly what we’re going to talk about today.

Here are the top tips for traveling safely financially[1]:

Invest In Travel Insurance

Travel insurance is definitely going to save your bacon, financially speaking, if any one of the three following scenarios occur:

  1. You land in a foreign hospital due to illness or injury
  2. You have to cancel a non-refundable flight or hotel room
  3. You lose valuable heirlooms, jewelry, or other items (such as from lost baggage or thieves breaking into your hotel room)

Depending on the travel insurance plan you go with, you should be reimbursed for each of the above happening to you. Out of all of those, being covered for foreign medical expenses is inarguably the most important one.

Carry Cash

It’s also always a smart idea to carry cash on you when you travel as well, for tipping, emergency expenses, or for anywhere that credit cards or debit cards are not accepted. If you’re going to be traveling internationally, you’ll need to convert USD into whichever currency you need using any one of popular money transferring services[2], such as remittance services, bank wire transfers, among other options.

Consider A Tamper Proof Wallet

These days there are wallets you can invest in that are tamper proof, meaning they may require something such as a fingerprint thanks to a biometric system in order to open. This way, even if you do lose your wallet, you can be rest assured knowing that the wallet will most likely keep your cash, personal identification, and debit and credit cards inside secure, which is pretty cool.

Be Wary About Public Wi-Fi

Last but not least, the reason you should be very wary about public wi-fi[3] is because there could be cybercriminals and hackers also accessing that Wi-Fi network. As a golden rule, avoid going to any of your online bank or credit card or other financial accounts on a public wi-fi network, no matter how secure you think it is. This holds true for airports, hotel rooms, coffee shops, restaurants, and anywhere else that the internet can be publicly accessed.

Traveling Safely Financially

Traveling as financially safe as you can should be a top priority for any traveler, and the above tips should hopefully give you an idea of how exactly you can do that. In other words, not only do you need to keep yourself safe[4] while traveling the world, you also need to keep your money and finances safe as well.

………..

Endnotes:
  1. traveling safely financially: https://www.lifehack.org/articles/money/27-personal-finance-tips-for-overseas-travel.html
  2. popular money transferring services: https://www.remitly.com/us/en/colombia
  3. wary about public wi-fi: https://usa.kaspersky.com/resource-center/preemptive-safety/public-wifi-risks
  4. keep yourself safe: https://www.cnbc.com/2017/07/24/7-tips-for-staying-safe-while-traveling.html

Source URL: https://betacash.org/top-tips-for-traveling-safely-financially/