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Money Saving Tips for Your Next Vacation Abroad— While You’re Away

There are many ways to save while you travel so you can stay on budget and not come home with any debt.
Preperation

Bring some local currency with you to pay for transportation and food on your first day. You may arrive late at night when it may not be safe or possible to go to an ATM. Do not convert your cash at the airport. Airports often have much higher fees and worse conversion rates than in the city. Also, shop around for the best rates. Sometimes a walk across the street can save you big bucks, especially if you are converting hundreds of dollars.
Street-smarts
Keep your wallet in a zipper pocket or wear a money belt under your clothes. Same goes for your cell phone and passport. When using the ATM, only use a machine if it’s in a well-lit area with lots of traffic. If you don’t feel safe, go to another location or wait until the next day to take out funds.
Thrifty
You can save money by skipping the hotel and sleep at a hostel, private rental or stay with a local. Check out www.airbnb.com , www.couchsurfing.organd http://www.hostelworld.comfor more info. Not only will you save money, but this also is a great way to meet locals and get the inside scoop of what’s going on in the area! You can also save a lot on food by preparing your own meals or eating from a street vendor rather than at a fancy restaurant.
In-the-know
In many countries tipping is not the norm but haggling is, so do your homework and find out what is and isn’t acceptable when it comes to shopping and tipping. Keep a calculator with you so you can easily convert prices to Canadian dollars or you might end up paying a lot more for something than you thought!
Exploration
Check out the local tourist office to find out about free entry to museums and other special deals. Many tourist attractions offer special rates for students & discounts during the week. To save on transportation, check for short term transit passes, walk or rent a bike and skip the taxi ride.
Do your research ahead of time to make the most of your travels without spending most of your money. Talk with others, read forums online and take out travel books from your local library to learn more on how to save when you’re abroad. Bon voyage!
 

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