Going On Vacation: How To Keep Your Spending Low

One of the issues many people have a problem with in regard to going on vacation is spending. When faced with souvenirs, once-in-a-lifetime opportunities, or other situations, impulse shopping leads travelers to purchase more than they intended. This sometimes results in them being in a very bad financial state when they finally get back home, and consequently they may need to work hard for a few months to reverse this. Fortunately, there are a number of ways to avoid this issue. The most important of these is by making sure  you are disciplined when it comes to spending in the new country.

However, if you are the kind of person who cannot do this, there are a number of other options you can try out. For instance, you cam intentionally make it difficult to get extra money when you are in the new country. One of the ways of doing this is to leave your main credit card at home.

Sounds crazy, right?

Well, these days you can easily apply for a prepaid credit card and then use that for purchases. The benefit of doing this is this card will only let you spend what you want, and you will not need to worry about being in debt afterwards since it will be prepaid. You can simply load it with the money you anticipate to spend, and then leave all your other credit cards at home. This way, even if you run out of cash, you will still be within budget.

Of course, you may think this is not a good idea since it means that you may not have money to tackle emergencies such as an illness. However, there are number of ways of avoiding this including:

  • Get travel insurance: once you have the prepaid credit card, you can then pay for travel insurance for you and whoever you are travelling with. This way, issues such as loss of baggage, robbery, and illness will be covered by the insurance company even if you don’t have money.
  • Pay for the services you will need in advance: you can also pay for utilities such as your hotel room, car hire and the air ticket back home. This way, even if you run out of money, you can easily keep surviving and even get back home even if you don’t have any way to get quick cash.

Overall, whether you’re dining in Bombay or shopping in Banff, you don’t want to end up in too much debt after your trip is completed.

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