6 Things About Travel Expenses

1) When considering a trip or planning any kind of travel, it is important to plan for the unexpected and consider the financial side of things early on. This ensures affordability, liquidity and having the resources to enjoy it to the fullest!

2) When budgeting, plan for the worst-case scenario, money wise. Prepare for things to cost a little more than you expected. Keep and eye on the exchange rate (if applicable) and allow up to 20% increase in cost to be on the safe side of things.

3) It is extremely easy these days to have access to your financial resources through ATMs and credit cards. Just remember that it is just as easy to overspend because of it being so readily available. A little discipline will go a long way to protect your financial interest and help you stick to your travel budget.

4) Set some spending priorities and criteria in advance, like eating well, even if this means sacrificing a bit on lodgings or vice versa, depending on what is more important to you.

5) Think about value and cost in the local currency as opposed to converting all the time to your home-currency and comparing and weighing prices.

6) Carrying some spare cash somewhere can be a lifesaver. As a rule of thumb, you should carry about $50-$100 US equivalent, in small bills. This can be used for incidentals, ground-transportation like cab fare, tips and more.

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