Home > Travel > 4 Ways to Keep Your Money Safe While Traveling

4 Ways to Keep Your Money Safe While Traveling

4 Ways to Keep Your Money Safe While TravelingTaking a vacation can be great fun for the whole family.

Whether you are staying relatively close to home or have decided to go overseas for a big trip, you will obviously need to have money along with you to complete the voyage.

Of course, traveling with money can present some security challenges. So, you’ll want to have a plan in place before you leave home. Consider using the four tips below to protect your hard-earned money while on the road.

Take Only What You Need

In terms of cards, take along only the cards you are planning to use while on vacation.

For most people, two cards will do the trick. You can bring along your ‘main’ card that you are going to use for most of your purchases. Plus, you should have a backup credit card in case anything happens with that first account.

Taking fewer cards means a reduced chance of having one get lost or stolen along the way. Of course, in addition to your cards, it is a good idea to take a modest amount of cash. This can be used for purchases that you may not be able to make with a card.

Use the Safe in Your Hotel

If your hotel has a safe available, it would be a good idea to use it while you are out of your room. The hotel room might seem like a secure environment, but that is not necessarily the case. It is possible that someone could obtain a copy of the card key for the room. Or someone could come in and out quickly while the room is being cleaned.

Whatever the case, keep your valuables in the safe to protect them during your trip. This will make it less likely that a theft will occur, and it will give you some valuable peace of mind so you can enjoy your vacation.

Don’t Keep All of Your Cash in One Place

Regardless of how much cash you decide to take with you on the trip, safeguard it by dividing it up among a couple locations.

For example, you could keep some of your cash in your wallet. The rest should stay in a secure compartment in your bag.

Think about how you are going to be traveling and you should be able to find at least a couple different secure spots to stash some money. If you are visiting a place where pickpockets are known to thrive, avoid keeping your money in a back pocket to prevent yourself from becoming an easy target.

Stay on Top of Everything

You don’t want to get so relaxed while on vacation that you make a silly mistake and wind up losing some of your money in the process. Pay attention to what you are doing while you travel, make smart decisions, and be cautious when necessary.

It only takes a moment or two of casual thinking to make a mistake that could wind up costing you money in the end.

 

How do you keep your money safe while traveling? Have you ever been robbed while traveling?

 

Photo courtesy of: stevepb

If you enjoyed this post, please considersubscribing to the RSS feed to have future articles delivered to your feed reader.
The following two tabs change content below.
John Schmoll is a Dad, husband and veteran of the financial services industry. He's passionate about helping people learn from his mistakes so that they can live lives free from the shackles of debt and empowered to make their money work for them. You can check out his other sites: Frugal Rules, for ways to improve your financial literacy; and Sprout Wealth for tips on different ways to make more money. John has been featured on Forbes, Lifehacker, Yahoo Finance and US News & World Report and more. If you're wanting to grow your blog, check out my blog coaching services to see how I can help you take your site to the next level.

Latest posts by John Schmoll (see all)

Leave a Reply

Your email address will not be published. Required fields are marked *

*