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It is not necessary that you need too much money but the only thing to remember is that you need to get creative about save money on travel. Before you start traveling the first thing that you need to do is a currency conversion.
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Simple Ways to Save Money on Travel • Want to travel the world for a while? • Or just take an epic vacation? • It is not necessary that you need too much money but the only thing to remember is that you need to get creative about save money on travel. Before you start traveling the first thing that you need to do is a currency conversion. • When you are planning to travel to a foreign country, you must exchange the currency into the local currency. Most of the countries accept their own currencies and not US dollars.
Exchanging foreign currency falls into two categories: Buying foreign currency • When you go on a trip abroad, you need the currency of the country you’re going to go to. Here you’d exchange your Indian Rupee for that particular foreign currency. • Ex: Going to Europe, by exchanging your Indian Rupee in hand, you’d be buying the Euros. This is called buying foreign currency. Selling foreign currency • Coming back from a travel trip you may some foreign currency left in your pocket. You’d like to exchange the foreign currency in your hand for the Indian Rupee here. This is called selling foreign currency. • The hardest part about traveling is figuring out the money. Knowing how you will manage your money is essential to safe travel and will save you plenty of trouble.
Few tips to keep in mind to save money on travel to a different country. 1. Create a travel budget • Budgeting is the most important part of the travel plan, after the finalization of the destination. Once you make your plan, you can avoid overspending as you will have a proper plan about where you are going to spend your money. 2. Always choose your airfare wisely • This is among one of the best ways of money management while traveling. A lot of terms and conditions come from foreign airlines. • Some airlines offer free baggage, but the cost of their flights is high, while others have cheap air tickets, but have extra baggage costs. You can ensure that you don’t spend a lot on air travel by carefully handling money while flying.
3. Get a credit card with no foreign transaction fee • Getting a cell phone plan for your international roaming is very normal but have you thought about a credit card with no foreign transaction fee? • Yes, there are credit card companies that do not charge for your internal usage. • There are different features, benefits, and fees for credit cards when you use them. You may have a few cards in your wallet already but they may not be the best for traveling abroad. 4. Use the Sharing Economy • You can use the sharing economy to find yourself cheaper accommodation, a quirky tour guide, and home-cooked meals with local chefs. • Try to connect with local people as they will help you find cheap local markets, stores that give the best offers, the best restaurants with tasty food at a cheap price, and much more.
5. Cook your own meals • This may seem odd but if you have an option then cook your own meals. It is one of the best ways to save money on travel. For a week’s worth of groceries in California, we once spent USD 60 instead of an average of USD 15 per meal! • That is a USD 150 saving. There are several guesthouses, Airbnb accommodations, and hostels, campsites that have their own kitchen and will allow you to cook your own food. Read More:
