Tips for Managing Your Money While Traveling
Using Cash
Of course, a credit card won’t be suitable for all of your transactions, and you’ll still need to have cash in many situations. The little old lady on the street corner in Vietnam serving up delicious bowls of steaming Pho won’t be able to accept a credit card!
Avoid converting cash at a currency exchange booth at the airport, as they don’t usually offer very good currency rates. Also, usually locals who offer to exchange your money for you aren’t going to give you a good rate. Instead, look for a local bank further away from the airport.
Do not carry your cash or your wallet in your back pocket, as it’s much more vulnerable to pick-pockets. Carry it in the front pocket of your pants and be aware of it, especially in crowded areas. It is good practice to only take the amount of cash you need for the day and leave the rest of your money securely locked in the locker at your hostel.
Advertisement