Are money belts safe from pickpockets?

But money belts don't work if you don't wear them properly . I once met an American woman whose purse was stolen, and in her purse was her money belt (that juicy little anecdote was featured in every street-thief newsletter). If you pull out your money belt to retrieve something, remember to tuck it back in.

Where is the safest place to keep cash when traveling?

Keep cash safe when travelling Don't carry it all in one place to prevent it from getting lost or stolen. The safest place to keep your money secure will most likely be in your hotel room safe . If you don't have one (or if you really need to carry cash with you) try keeping your money in a: Money belt.

What is the fastest and cheapest way to travel?

If you're traveling by yourself on a major airline route , it's always fastest to fly, and it's also often the cheapest method. Only bus fares dip below airfare for any of our routes, and the overall median cost per mile for flights easily beats automobile and train transportation too.

What is the 50 30 20 rule?

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings . The savings category also includes money you will need to realize your future goals.

How to save $5000 in 100 days?

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope . You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

Can I travel with $100,000 dollars?

People often ask: How much cash can you carry on a plane for a domestic or international flight? The short answer is “ there is no limit to how much cash you can bring to the airport for a domestic or intentional flight.

Is it safe to put cash in checked luggage?

When flying with large amounts of cash, it is important that you consider where to transport and pack it, whether flying with cash domestically or internationally. You shouldn't place cash in your checked luggage . This is because your bags are out of your sight and a lot more people have access to them.

Is it safe to travel with money?

Break up the bulk of your money Savvy travelers avoid keeping all of their cash, credit cards and checks in one place , like a wallet or purse. If that one item somehow goes missing, you're going to be in trouble. The better choice is to keep some in your wallet, some in your bag and some locked in a hotel safe.

Should you make copies of credit cards when traveling?

Make copies of your credit card information, including numbers to call in case of loss or theft (most banks allow customers to call collect from abroad). Save a digital copy where you can access it, and tuck a copy in your luggage.

Unconventional Ways of Saving Money While Travelling (2024)

#HackIt | Budgeting | Personal Finance | Travel | Article

by The Simple Sum Team | 11 Aug 2022 | 7 mins read

Unconventional Ways of Saving Money While Travelling (4)

This article is brought to you by HSBC Personal Banking.

With almost the entire globe lifting travel restrictions by now, more and more people are planning holidays overseas and there has definitely been a surge of people ‘revenge travelling’.

But it’s been so long since some of us last hopped on a plane that we might have collectively forgotten how to be thrifty while on holiday.

And as ways to save money on travel are a dime a dozen, we’ve decided to crowdsource some lesser known yet novel ways of saving money while abroad without compromising on your overseas experience.

1. Bring along portable lunch boxes

This doesn’t just save you money, according to Regina, a 35-year-old sales executive, it’ll also help you contribute less to food wastage when overseas, especially if you’re headed to a country or region where the food portions are significantly larger than what you’re used to in Singapore. Very often the leftovers are sufficient to feed you for another meal, so you get to save on food overall.

Try to find a container that’s air-tight and leak-proof so that the food doesn’t get out while you are on the go. It’s a bonus if it’s collapsible when empty so it doesn’t take up a lot of space when not in use. And if you’re someone who values sustainability, carrying your own containers to pack food in doesn’t just reduce food wastage, but also your single-use plastic usage.

2. Look for dinner or the next day’s breakfast at supermarkets

Most supermarkets don’t just sell food you need to prepare – there’s often a cooked food section and a bakery section. And very often, past a certain time, these items will be marked down significantly – up to 50%, since they shouldn’t be kept around for more than a day after purchase.

“I’ve picked up discounted sushi and sashimi in Japan for dinner, as well as chicken schnitzels in Australia for a fraction of the price they would cost in the day just by scouring supermarkets before they close for the day,” says marketing executive Crystal, 30.

Pro-tip: You can use a credit card that would rack up points, rewards, or cashback when buying food at the supermarket to maximise your spending as you travel.

3. Be a master chef

Even if you don’t look for marked down items, heading to supermarkets and local farmers’ markets to buy ingredients to cook your meals is a great way to save while on the road, says Sarah, a 32-year-old content creator.

Groceries will cost you far less than what restaurants would charge for a “proper” meal, and you get to pick what goes into your homecooked meal, using fresh produce from that country. The only problem is that you’ll have to book accommodation that comes with a kitchen or cooking facilities to do this. Or you could pack along a mini rice cooker! You’d be surprised by the meals you can whip up with the handy device.

Besides grocery stores, you can also look for restaurants that are willing to give away leftover food at the end of the day at huge discounts. But, of course, don’t go knocking on the door of every restaurant on the streets – according to Rhys, 40, there are food wastage apps and sites you can use to locate these places such as Flash Food (US and Canada) and Too Good To Go (US, Canada and Europe).

Also, ensure that you’re not racking up excessive foreign exchange fees by buying your produce in bulk. Or if buying in bulk is not possible, use a card that charges you low to no foreign exchange fees in the country you’re in.

4. Store your foreign currency in a multicurrency account

Gone are the days when you had to go down to the money changer to buy a foreign currency before you travel. You can now save yourself the hassle by opening up a multicurrency account for your travel plan. Many countries now have adopted cashless payment methods, so you can use a debit or credit card attached to a multicurrency account when spending overseas.

Just make sure to use a card that doesn’t charge you expensive transaction fees and doesn’t carry hidden costs, advises Nowell, a 27-year-old music teacher.

With a multicurrency account, you still get to earn interest on your savings balance in the account, and hold multiple currencies to spend in different countries (and you’ll earn rewards or cashback on your card spending too!). You also get to monitor the exchange rates for the currency at your destination country, and take advantage of the best available rates before you travel instead of subjecting yourself to the prevailing rates during your trip.

It’s also safer than carrying large amounts of cash around as you won’t need to worry about suddenly getting mugged. A multicurrency account can make your life a hundred times easier… and safer.

#HackIt | Lifestyle | Travel | Article | 19 Nov 2021

Ways to Use a Multi-currency Account

5. Travel at night and save on accommodation

If you’re headed to multiple cities or provinces in whatever country you’re in, local artist Ana, 30, asks that you consider booking overnight travel arrangements (plane, bus, train rides or ships) so you don’t have to spend additional funds booking a hotel room for the night.

This is a great option for backpackers and those who aren’t too attached to the idea of sleeping in a hotel. You can get options on trains that allow you to fully stretch out while lying vertical, and even your own room if you travel by ship. They may be more expensive than a day time ticket, but if you include the money that you’ll need for accommodation, it always works out to be cheaper.

6. Use up your loose change before heading home

If you happen to need to carry cash when you travel, just this once, don’t keep the change. Be sure to use up all your loose change while you’re abroad, according to local account manager Nicole, 31, because you won’t be able to do anything about them once you’re back in Singapore. Money changers will not accept coins, so you’re going to be stuck with them for a long, long time–unless you return to the same country to correct your mistake one day!

Just because you’re taking a much-needed, long-awaited holiday doesn’t mean your personal finance has to as well. These are some ways you can save money without skimping on the experience of finally being able to travel after two long years of being pretty much landlocked. So, before you get on that plane, consider what you might want to do differently this time to save a chunk of your holiday fund–to be used for the next holiday, perhaps?

#HackIt | Travel | Comic | 20 Jan 2022

Make Your Dollar Travel Further

Content sponsored by HSBC Personal Banking

Enjoy attractive benefits when you sign up with HSBC Personal Banking. Sign up for an HSBC Everyday Global Account and an HSBC credit card and get up to S$870 in rewards¹(S$200 cashback, Samsonite luggage worth S$670 – all when you fulfil some savings and spend criteria upon signing up). This offer valid till 30 Sep 2022.

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Don’t forget to visit HSBC Travel Companion before jetting off to your next travel destination to stay up to date with the latest travel advisory, benefits and exclusive offers just for you!

¹Terms and conditions apply. SGD deposits are insured up to S$75k by SDIC.

²Applies to successful retail purchase, online shopping and cash withdrawal made via the 10 supported currencies. If you do not have sufficient foreign currencies to complete the transactions, we will convert the transaction at a prevailing rate as determined by the bank and bill you in Singapore dollar.

³Visit hsbc.com.sg/ega for more details on the HSBC Everyday+ Rewards Programme.