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Traveling Cash or Not?

Puzzled about how to pay once you have hit the road? Is cash better that using a credit card? Some travel and money experts give us some recommendations regarding the best deals when it comes to financial issues abroad.

Credit card are more secure when it comes for paying. If you are robbed, you can easily get a new one, without paying any extra fees. Besides, the wide acceptance makes cards more accessible than ever – hotels, small shops or even restaurants. You may also find a good exchange rate because money is converted at more favorable rates. But, on the other hand, foreign transaction fees are up to 3%. Still, the are companies, like Capital One, that don’t charge any.

Take into account the limited use is less-traveled destinations. Take the Third World countries – you are very likely not to find any ATMs there. So, before setting off, find out where your credit card is accepted and call your credit card company to prevent to have your card stolen. You’ll be immediately registered in their data base. Be sure you have enough money for your whole trip.

As cash is regarded, for more convenience, you should have some for drinks, life a coffee or for bus tickets. However, you can lose it or be stolen from you. So, carry with you as much as you afford to lose or put them in a money belt. Conversion fees may be higher if you chose to exchange money at the hotel or in airports. For instance, you could change $150-$200 immediately as you reach your destination because you may be very confused just as you have got there.

Credit Cards
Credit Cards

Debit is convenient – it is an easy way to get local currency. Moreover, it is cheaper, some international banks charge no fees for their ATMs abroad. But, you can also encounter big fees as well. Withdraw the maximum amount of money you can from the ATM, otherwise you have to pay even $7 fees for each withdrawal.

Traveler’s checks are on one hand, much more secure because they are refundable if lost or stolen, but on the other hand they aren’t universally accepted. In Third World countries or less developed nations you should go to a bank to get your check cashed, because the hotel may charge you a fee for that. Opt for travel debit cards because stored value cards are similar to travelers’ checks.

In conclusion, a budget travel has to take all the above mentioned issues into consideration.

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Business Travel Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. Insurer, in economics, is the company that sells the insurance.

One significant type of insurance is the business travel insurance. For those who travel more »

Business Traveling Tips

Nowadays, business traveling has become a more and more popular issue among us and in order to be a success, this should be planned long before setting off. How can this one become more pleasurable. Let’s take into account some of the most useful traveling tips:

One of the most important business traveling tips is to keep your ATM card and the driving license in one single place and put the rest of your documents in the luggage to avoid being stolen. In order to travel safely, you should have the confirmation of the prebooked seats printed. Moreover, a good business traveling tip is to make a list of the items you’ll be using during your stay – like shampoo, shower gel, deo – and acquire them in trial size. You should also call to the hotel in advance to see if they provide iron or a hair dryer; this way, you can save up more space in your luggage. As clothes are concerned, more »