To take cash or not to take cash – that is the question!
This has always been a frequently asked question, and one that has a few people split down the middle over.
There are both advantages and disadvantages over both scenarios, but ultimately the final decision will come down to the individual themselves.
Honestly, there can’t be a good enough reason for someone to take their cash with them physically these days. The risks are just way too high.
If you think about it for a moment, then you’ll understand that the disadvantages far outweigh the advantages.
Before you head off on your RTW trip, remember to compare bank accounts and choose one that suits you for what you need it for.
So you decide to take all your money on your three month trip to S.E Asia. You have something like $4,000 dollars in cash on your person. Just how comfortable are you knowing that you could be mugged at any minute and left completely penniless? This has happened to many, many people, and it’s something that’s totally avoidable in the first place. Well from the point of view that you wouldn’t lose all your money anyways.
Of course, you will save some money by not having to pay any transaction rates by withdrawing the money from ATM’s.
These rates should be viewed as the price of doing business, and the comfort and security that you will have knowing your money is safe and sound is worth paying for.
In order to get the most out of you money while you are travelling, you should use a reputable bank such as Halifax.co.uk. They will give you excellent exchange rates and will provide you with all the information that you may need.
They also provide secure online banking for their customers, which is vitally important for travellers when in foreign countries.
You may be wondering if its worth taking just half your money and leaving the rest of it in the bank. Again it’s pointless, as the risk of losing it is too great.
You still wouldn’t be able to leave it anywhere, and you’d constantly be stressing out about it, and not relaxing and experiencing the positives from your trip.
Nothing is worth losing your money over in such a way as like what we’ve discussed above. Choose a reliable bank, put your money in it before you head off, and pay the small fee’s that they charge you to take your money out.
In the long run, you will be better off, and you can enjoy your trip without any money stress.