You have planned your overseas adventure meticulously: flights are booked, the itinerary is locked in, research has been done and your budget is set. The hardest part starts now: how do you stick to your travel budget and cut down on unnecessary expenses?
We have done the research and found the top four tips that might help you to travel on a budget… and stick to it.
Exchange rates are the first spending issue every traveller faces. It’s easy to just accept the first rate you encounter, without considering the extra money you might end up paying at the end of the transaction.
You can save a lot of money by ensuring you get the best rate on the market, and an easy way to do this is with MasterCard Cash Passport. MasterCard’s prepaid travel card allows you to lock-in the exchange rate of the day for the amount of money you want to load on your card.
It’s as easy as sipping a cocktail in the sun! Upon loading your card, you have locked-in your rates. This means regardless of exchange rates moving up or down as you travel, you will always know the exact amount of foreign currency you have available. Too easy!
Check Mastercard Cash Passport’s website for more info.
If you are travelling on a budget and want to stick to it, travelling in low season and shoulder season is one of the best ways to save some money – and stay away from the crowds.
Travelling in off-peak seasons has its positives, beyond the fact that you are saving money, there are less crowds, cheaper flights, cheaper accommodations, less queues… the list goes on and on. So, why not consider travelling Europe during spring instead of summer?!
It’s very easy to lose track of how much you are spending when you are having fun: a cocktail here, a dinner there, an unexpected expense and your budget is gone. You could write down in a diary every single dollar you have spent but let’s face it, that’s almost impossible. Or you can keep track of all your expenses with MasterCard’s Cash Passport mobile app.
MasterCard Cash Passport app keeps all your expenses under control, allowing you to transfer money between currencies, showing every single dollar you have spent and the impact this has on your balance. Ditch pen and paper and just open the app to check how you are getting on – and to find out where all your money goes.
It has happened to everyone. Just a quick Facebook check-in overseas and all of a sudden, the international roaming rates are on.
Data roaming charges can take a big toll on your budget, so it is better be safe than sorry and either switch mobile data off on your phone, get on a plan with international roaming included and use only Wi-Fi connection when available. Or simply buy a local SIM card: not only this will allow you to use mobile data without charges, but it will also be handy to make phone calls when needed, and it will give you the chance to feel more like a local!
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