Some Financial Tips To Keep In Mind Before Going On Your Vacation

Whether you're new to this whole travelling thing or a seasoned globetrotter, it makes sense to have a comprehensive financial checklist set up before a trip. To help you overcome this situation, today, we bring you some essential financial tips for a hassle-free and well-planned vacation.

1. Check your bills before you leave

Going to be away for more than a week and don't want to stop the fun to pay your bills? Set up an automatic bill pay system with your bank in advance so that you can have fun in peace. Also, have a look at what is overdue and see to them immediately.

2. Pick your cards wisely

Whether you choose to use a credit or debit card, make sure you know the ins and outs of said card's policy. For example, a transaction may cause extra if you use a credit card in a foreign country, likewise, using debit regularly could lead to an accumulation of transaction fees. Our financial tips are to make cards that don't require international credit charges or just make one.

3. Don't travel when it's travelling season

One secret of a hassle-free travel experience is to avoid flying when everyone else is travelling. This includes national holidays, the middle of summer or spring when students get school off, or just the weekends. Not only will you save some money for plane tickets, but you can also get some better deal at hotspots wherever you're going. Less crowded flights, shorter lines at a food stall, quieter experience in general. What more can you ask for?

4. Look for the best exchange rates before you buy the local currency

In both your departure and arrival airports, you’ll surely bump into a few currency exchange kiosks. However, do not give in to your impulse and trade in your cash at the airport or in any other location that says "for tourists."

According to Dahiya, currency exchange should always be done before the trip. Ask your bank and check the exchange rates frequently for dips in your currency of choice, and you might save quite a lot of money.

5. Always keep an eye out for deals

A lot of people think that trying local cuisine would be the most expensive thing when it comes to traveling, but in reality, there are incredible deals happening all the time.

Either take a peek at the regional magazines or just ask the hotel concierge and the local people for recommendations of what restaurants or bars that offer meal combos or regular discounts.

6. Have you ever heard of a Systematic Investment Plan?

Indians are now travelling more than ever. From domestic locations to international destinations, travelling is now one of the most popular hobbies of younger generations. However, as great an experience as they are, foreign trips can be quite expensive.

That's why you should consider investing in a SIP or "Systematic Investment Plan". Although this method requires a huge amount of planning ahead of the actual travel date, you'll be saving a huge amount of cash. As far as financial tips go, an SIP has far more merits than just a means to save some money for travelling.

7. Have several travel apps handy

Besides your passports and credit cards, a phone is something you would always have with you on oversea voyages. So, why not make the most of it and get some travelling companion apps. These can range from a financial checker to keep track of your spendings, a booking app to look for hotel deals or a rideshare app for a cheaper alternative to taxis. Load them up before your flight, and you'll be amazed at how beneficial these apps are to your wallet.