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Jimmy Atkinson at Ask the Advisor sent me a note on his recent article on personal finance tips for oversea travel. As I have just back from a long trip, I understand getting everything ready, especially safety and financial prepared, are extremely important. He suggested 27 tips around safety, health, and financial issues:

  • Make two photocopies of any important papers.
  • Travel light (clothing-wise) and forget the bling.
  • Find answers to your questions before you leave home.
  • Safeguard your health.
  • Purchase travel insurance.
  • Purchase travel medical insurance and death insurance.
  • Continue to cover your assets.
  • Get phone numbers.
  • Purchase an international phone card and open an accessible email account.
  • Plan your itinerary before you leave home.
  • Travel light (financially) and carry a spare card.
  • Decide whether you want to use traveler’s checks.
  • Check your ATM, credit and debit cards before you leave.
  • Inform credit, debit, and ATM card banks and companies about your travel plans.
  • Get information about fees and charges for overseas card usage.
  • Consider a new card for an extensive trip.
  • Check for overseas partner banks and consider a debit card.
  • The overseas ATM and your debit card.
  • Consider pre-paid debit cards.
  • Consider a money belt.
  • Learn to loop.
  • Learn about the Dynamic Currency Conversion (DCC) process and avoid it.
  • Purchase some foreign currency at your local bank just before you leave.
  • Avoid Cash-to-Cash machines.
  • Use cash whenever possible.
  • Hotel rooms between the second and seventh floors.
  • Public transportation saves money.

27 Personal Finance Tips for Overseas Travel – [Ask The Advisor]

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