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Travel Money

What are your options for paying for your expenses while traveling? Travel money can come from several different sources. Each has its advantages and disadvantages.

You will need to do some research to determine which one or combination of these travel money options will work best for you.

  1. Decide on a budget for your trip.

  2. How much of your trip will be prepaid? Estimate average daily expenses for food, lodging, admissions, and transportation. Don't forget gifts and souvenirs. Don't spend alot of time on this, you just need a reasonable estimate of your requirements.

  3. Contact your banks and credit card companies.

  4. Ask about their rates for foreign transactions and currency conversion. Also ask the banks how much cash you can withdraw at one time and also during a 24 hour period.
  5. Decide which ATM, debit and credit cards to take with you and how you will use each one.

  6. Travelers checks are not accepted in most shops, hotels, and restaurants, especially in small towns in Europe.

I often purchase some currency for the country I am traveling to before I leave home. Usually enough for the first day or so. It's not always easy to find an ATM in a strange airport after a long flight.

This way I have cash if I need to pay for transportation from the airport to my hotel or B&B. While the currency exhange kiosk charges a fee, the exchange rates are usually reasonably good and the small cost is far outweighed by the convenience.

If you plan on doing this you will need to bring cash to exchange for the foreign currency. Most of these kiosks don't accept credit cards.

It's not a good idea to plan to use US dollars in Europe. They will not be accepted everywhere and you will not receive a favorable exchange rate at most retail shops and restaurants.


Foreign Currency Exchange

Many countries in Europe have adopted the Euro as their currency rather than using the currency of their own country. Several more countries plan to adopt the Euro in the near future. However, many countries still use their own currency. Find out before you leave what currency is used in the country/countries you are going to visit.







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