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Wednesday, January 24, 2007

(6) Money Changers

You will have ample opportunities to spend money during your Europeon travels. Unfortunately, you can loose money as your purchases are translated from U.S. dollars to foriegn dollars. Your spending plan needs to include a strategy to minimize fees related to credit purchases and acquiring foriegn currency.

Your credit card my be the best option to make purchases above nominal amounts.
  • Insurance
  • Automatically exchanged a current market rate
  • Itemmized purchases

Debit cards provide the best cash access option. If your card has a VISA option, you can "kill two birds with one stone." Having your credit and cash card in one.

Your local airport provide your best option for your start up foriegn currency.

Other cash options:
  • Money Exchange Kiosk
  • Banks
  • Cashiers Checks
  • Hotels
Addtional Tips
  • Don't carry too much cash
  • Carry 3 cards, credit and debit on you and a credit card safely stored at your hotel
  • Monitor your cards closely during and after return - make sure you have contact information for your bank and credit card companies.

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