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7 Financial Travel Tips for your next Vacay

13 Jan 2017

Before you jet off, it pays to know how to get the most bang for your buck. Here, 7 financial travel tips for your next holiday abroad.

CASH PASSPORT

Ever wondered if there were a single card that could allow you to pay in multiple currencies? Well, Cash Passport is your answer. Globally renowned and ever convenient, this card allows you to lock-in exchange rates prior to travel. Simply access your money from anywhere in the world and pay in any of these 10 foreign currencies: AUD, USD, EUR, GBP, THB, CAD, NZD, HKD, JPY and SGD - or find out more.

BETTER TO BE OVER THAN UNDER

While some are better at budgeting than others, there's often hidden costs and unplanned situations we simply cannot foresee. Therefore, it's highly recommended to always over-budget with more money for the sake of both emergency and spontaneity.

KNOWLEDGE IS POWER

There's no such thing as too much research. Prior to your trip, look into how much things are supposed to cost, speak to professionals, read tourist reviews and always be alert as to the positives and negatives in any area you're visiting. Some places are known to take advantage of tourists, so do find these out before being (too) overpriced.

HAVE CASH HANDY

Even though we live in an age heavily reliant upon credit cards, we still need to have cash available. Not all vendors will accept cards, and sometimes paying in cash can actually save you a lot. And since purchasing foreign currency abroad, especially at international airports, tends to cost much more than what you'd pay at home - head to your local Aus X Change where they buy and sell foreign currency with no fees.

MONITOR YOUR EXPENSES

Thinking about how much money you spend when on holiday isn't fun - we get it. But actually coming home with money, now that's something we can all appreciate. With Mobile Banking, you can keep a quick eye on expenses by simply checking your eStatements. Also, set limits and receive sms or email alerts when you exceed them.

WATCH EXCHANGE RATES

There are many free Apps you can choose from like the popular 'XE Currency', which enables you to keep track of exchange rates from several currencies. With this App, you also have the option of notifications for when each dollar increases.

PROTECT YOURSELF

We highly recommend registering your travel dates with the Australian Department of Foreign Affairs and Trade (DFAT), whom are able to contact your family in the case of an emergency. You can also advise your bank of your trip, and make at least two photocopies of all your travel documents. Email close family or friends a copy of your itinerary, accomodation and insurance details. And for extra security, it's wise to carry a money belt - particularly in notorious areas.

Don't let sudden changes affect your money, attain locked-in exchange rates today from MacArthur Central's Aus X Change, open Monday to Friday from 8:30am - 6pm on the Lower Ground, where friendly staff are available to quote you on the best rate yet.

Bon Voyage!


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