Wednesday, September 06, 2006

Vacations: Paper or Plastic?

You are casually asked whether you want to bag your items in paper or plastic. A credit card is your best option when traveling. Or it is stolen- you can make a quick phone call to your credit card company and stop your liability for fraudulent charges. In case you do lose or have the card stolen so you can quickly call and remedy the situation.

A credit card is an excellent choice as you will not need to deal with exchanging your cash for the local currency. You will want to verify whether your credit card is accepted in the country to which you are traveling, as some cards are not accepted in all countries. You will also want to verify ahead of time the cost of using your card in another country.

ATM withdrawals are often cheaper despite the cash advance fee-so you may decide to withdraw cash from a local ATM while traveling. Getting a hotel room and dining in a restaurant are all perfect opportunities to swipe your card rather than counting out cash. Keeping your receipts for each transaction while on vacation means you have a record of each activity when you return home, if you are someone who tends to lose control of their spending, if you have to keep to a strict budget while on vacation. A good way to keep your cash as safe as possible while traveling is to wear a money belt underneath your clothing. So that no one knows that it is there. As they make easy targets for pocket pickers and you are practically inviting them to steal your cash. It is recommended not to carry all of your vacation cash with you at once. Just in case you do have a run in with a thief. Know that you are able to stick to that amount while using credit cards.


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