When you are travelling to another country there is so much to think about. You will be experiencing so many new and different things that you will need to be very aware of everything that you do. From crossing the street to ordering food, there will be so many cultural difference that you will need to learn how to navigate. Using money in another currency is a very important part of all of this.
There is, of course, the safety concern of how you are going to be carrying cash while on vacation. This is something that you should not be fearful of, but still aware of. There are parts of the world that are more dangerous than others, but these tips apply everywhere.
1. Make sure that you understand the currency
It can take a couple of days to get used to the currency denominations and how to pay. For example, some denominations have nicknames such a dime or quarter. If you are paying for things you need to know the lingo so that you don’t end up overpaying.
When you get your foreign currency you will need to make sure that you do not have only large bills. You don’t want to be seen with a stack of these bills everytime you take out your wallet.
2. Keep US dollars with you
No matter where you go in the world with a few exceptions it is a good idea to carry US dollars with you as well as the local currency. US dollars are accepted in many countries and are also easy to exchange this money anywhere in the world. So if you are planning to go to a few countries on your trip US dollars are a good currency to keep handy.
3. Get a dummy wallet
If you are approached by someone and they ask for your wallet and threaten you, then you need to hand it over right away. No sum of money is worth your life. A dummy wallet can help to minimize your loss. You will probably not need a lot of the contents of your wallet that you carry around on a day to day basis. In fact, it’s not a good idea to bring all of this with you on vacation. By putting a few expired cards and a small amount of cash in your dummy wallet you will be able to hand it over should you be mugged or robbed.
4. Hide some money on your person
You can get money belts that go under your shirt to hide your money. These are useful, but difficult to access without giving the location of your stash of cash away. This can be very frustrating for a number of reasons. You can hide the money in your sock or even have a tailor make some adjustments to your clothing to have concealed pockets. This will allow you to carry cash without the fear of being pickpocketed.
5. Minimize the amount of cash that you have
It is advised that you only take the cash with you that you think you will need on a day to day basis. You can leave the rest of your money in the hotel safe if you think it is secure enough.
6. Take pictures of your credit and debit cards
This can help you when it comes time to cancel them. You may find that you’re unable to quickly and easily access your online or telephone banking without the 16 digit number on the card that you have lost.