Monday, December 31, 2018

How to budget for the trip | Cash & Card


Money makes you go around the world.

Picture this- You are travelling to a country of which you have faint ideas. You do not know what you'll do if you run out of cash, so you carry a whole lot of cash; and you carry your cash like a Babu Bhaiya would.

Carrying cash is not the solution, and the world has moved on. However, it’s extremely important that you take care of what you have with you, especially your passport & money. These are your lifelines, and Europe's not so safe; I'll tell you about it on my post about Rome.

There are certain essentials you ought to plan for, and one thing makes it to the top of the list:

1. A HIDDEN CASH & PASSPORT POUCH







including the others like:

a. A Multi-currency forex card
b. Some Dollars & EUROs in cash

As we've already arrived at how you would like to budget for your food, while having already taken care of your bookings for Stay & Flight, you would now need to start budgeting for your requirements of cash & card.

2. Cash

What would I need cash for in this virtual world? considering I'm visiting advanced economies, do i really need cash?

Well, yes you do!
As much as we've like to think that countries are progressive, cash remain what it always has been- Quintessential!

a. Food you buy on the streets
b. Souvenirs / Simple & quick buys
c. Tickets for the Metro/Bus/Ferry

All require Cash in hand.

How do I plan for it? No one can answer that but yourself! You know yourself.
For simple travelers like us i would suggest 80-100 Euros per day per couple. Should take care of your Metro/Travel and Food. For everything else ... there's Mastercard!

3. CARD | Forex

We got one from bookmyforex and it was convenient considering that it offered 3 free ATM withdrawals per card (i.e. No ATM withdrawal charge- this will be charged if you use your normal international debit cards)

To increase our convenience and decrease our dependency of carrying a lot of cash, we got two cards, one in my name and one in Sneha’s. Hence, we got 6 total ATM transactions (call it being baniya, but i respect that community for being champions of frugal engineering)

The budgeting of digital money has a major dependency on your shopping estimations, since we've already arrived at Food + Per day kharcha. Feel free to top up according to you wishes and upload the correct amount.

Since these modes of payments are very convenient, you can just give a call back home or log-on to the internet- Most cards can be topped up from very easily in case you need the money!




How to budget for the trip | Cash & Card

Money makes you go around the world. Picture this- You are travelling to a country of which you have faint ideas. You do not know what...