Everyone has a checklist they follow when planning an overseas vacation: buy plane tickets, set up itineraries, packing your bags with everything you’ll need. For most travelers, setting up a budget before taking off is also a priority on their checklist. Along with being in a country with a different native language with a different cuisine and different customs, you’re going to experience financial changes as well.
Before you leave, make sure you go through this list of smart money tips that will make your overseas vacation less financially stressful, so you can have a great time and fully absorb yourself in a new culture.
- Plan ahead for foreign currency and their exchange rates. If at all possible, avoiding exchanging currency at the airport – you might find yourself saddled with unnecessary fees. If you plan ahead early enough, you can order foreign currency to save you the time and hassle before you leave. Traveler’s checks are a viable options with their own pros and cons: they’re easily replaceable if they get lost, but fees can sometimes be high and they may not be accepted everywhere.
- Contact your financial institution. We always encourage our members to reach out to us before they travel abroad, whether it be to Poland or anywhere else in the world. We’ll help you enact safety measures for your accounts, and to avoid having your charges flagged for security reasons, let us know where you’re traveling, and we’ll take care of you.
- Research health insurance options for emergencies. If you’re concerned about your health when traveling, or if you’re worried about possible medical emergencies (such as injury or a sudden illness), contact your healthcare provider and see if your policy covers international care. Also, it’s a good idea to look into travel insurance with overseas medical options to cover your bases.