How to deal with money - TravelPUNK Backpacker College Student Budget Travel Message Boards!



Go Back   TravelPUNK Backpacker College Student Budget Travel Message Boards! > Members Lounge > General Travel Tips, Education, Advice > Travel Budget, Money Matters, Financial Talk

Travel Budget, Money Matters, Financial Talk Mom, can I borrow ten grand?! Gimme yo mastercard! How the heck can I pay for my trip?! Ideas for making money. How much dough do I need?

Raileurope.com: See Europe by train
Reply
 
LinkBack Thread Tools Display Modes
Old 06-08-2004, 02:22 PM   #1
TPunk Emeritus
 
Join Date: Oct 2003
Location: Northern British Columbia Canada
Posts: 928
Thanks: 0
Thanked 1 Time in 1 Post
Send a message via MSN to TheWills
Default

Hey all
Well its getting close to trip day here only a couple of months left. Im set to go but I still have one concern I cant get over. How am I gonna handle my money ??? I need advice bad, how do you guys do it ?
Do you bring travelers checks, all in cash, did you pay with credit cards the whole time, or did you hit up a bank and use a card to take out some money from back home. Im totaly stunned and dont know what to do about this, I just would like too hear what you guys did becase that should get me some ideas.
thanks
TheWills is offline   Reply With Quote
Old 06-08-2004, 02:28 PM   #2
Weasel Jones
 
joanofarc's Avatar
 
Join Date: Sep 2003
Location: San Diego, CA
Posts: 2,076
Thanks: 0
Thanked 0 Times in 0 Posts
Default

i carry all cash all the time - well, while i travel anyway. it's the best way for me. but then again, i'm a gambling woman.
__________________
bend over to the front and touch your toes
bounce that ass up and down and get low...
joanofarc is offline   Reply With Quote
Old 06-08-2004, 02:46 PM   #3
Minister of Offense
 
omisan's Avatar
 
Join Date: Jun 2004
Location: San Fran Disco
Posts: 6,561
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to omisan Send a message via Yahoo to omisan
Default

I've posted in another thread (and repeated this to many friends) that an ATM card is the way to go. You'll usually get a solid wholesale exchange rate. However, there's almost always a withdrawal fee on both ends - still less than getting gouged at the Bureaux de Change or AmEx offices. If you're in the UK, note that Barclays ATMs won't charge you a fee!

In terms of credit card usage, while you can use them for just about everything in the states, some European countries severely limit their use. I guess this is good, since you won't run up a monstrous bar tab, but it can be a hassle, as well, when funds are low. In Paris, they were more than happy to take my credit card at stores, providing I showed a passport, offered up my firstborn as collateral and sang the Marseillaise.
__________________
¿Donde esta Omid? Omi-san wa doko desuka? Ou est Omid? Wo ist Omid?

Find out @ http://omidabroad.blogspot.com

omisan is offline   Reply With Quote
Old 06-09-2004, 07:40 AM   #4
 
ladaz's Avatar
 
Join Date: Oct 2003
Location: Connecticut for now, but Idaho originally...
Posts: 110
Thanks: 0
Thanked 0 Times in 0 Posts
Default

I always have two checking accounts open at one bank, and bring a debit card from each. That way I have two cards in case I lose one and I can transfer money from one to the other with a quick phone call.
I also always carry at least $100 in cash hidden away. I've never had a problem with this method. (knock on wood)
__________________
I tell you, we are here on Earth to fart around, and don't let anybody tell you different. -Kurt Vonnegut, Jr.

"The tiger can't change his spots. No, wait, he did! Good for him!"
-Jack Handey (Deep Thoughts)
ladaz is offline   Reply With Quote
Old 06-09-2004, 11:27 AM   #5
Minister of Offense
 
omisan's Avatar
 
Join Date: Jun 2004
Location: San Fran Disco
Posts: 6,561
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to omisan Send a message via Yahoo to omisan
Default

Damn, ladaz - that's a freakin' great idea!
__________________
¿Donde esta Omid? Omi-san wa doko desuka? Ou est Omid? Wo ist Omid?

Find out @ http://omidabroad.blogspot.com

omisan is offline   Reply With Quote
Old 06-09-2004, 04:43 PM   #6
TPunk Recognized
 
Join Date: Sep 2003
Location: Newcastle, Australia
Posts: 235
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via ICQ to cliffo Send a message via Yahoo to cliffo
Default

newbiepacker,

I relied on my ATM card for the trip and didn't have any problems at all. Because my bank hit me with a $5 withdrawal fee each time I took out some cash, I withdrew a weeks worth of cash at a time.

That helped me to stick to my planned budget (i did go over my budget but not by too much) each week and break it down into a daily limit to make sure I was as close to budget as possible - OK maybe I'm a bit anal but it seemed to work for me

The credit card came in handy to book flights and hostels (use the booking system on TP's site - worked a treat for me) over the net.

Another thing to watch is I tried to use an ATM attached to a bank during opening hours just in case it swallowed my card but never had any problem of any kind in that regard.

cliffo
cliffo is offline   Reply With Quote
Old 06-10-2004, 08:06 PM   #7
Members
 
Join Date: Apr 2004
Posts: 45
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Welcome to the boards Newbiepacker!

Ladaz, that's a damn good idea...

What I do is carry one ATM/Debit card, and one credit card (with a 4 dig pin), as backup. I usually go to a bank atm, during the day if possible, and withdraw a weeks worth or so, or however much currency I think I'll need during my stay in that country. I pay cash for everything. I keep it in a money belt with my cards and passport, and have a days worth of money in a cheap wallet in my front pocket. That way you're not pulling out your money belt every time you need lunch, metro ticket, etc. Also, I keep a 100 bucks or so hidden for emergencies. This has worked for me so far...

Biggest point (you probably already know) is use a money belt!!
FireGuy is offline   Reply With Quote
Old 06-11-2004, 01:55 AM   #8
TPunk Emeritus
 
Join Date: Oct 2003
Location: Northern British Columbia Canada
Posts: 928
Thanks: 0
Thanked 1 Time in 1 Post
Send a message via MSN to TheWills
Default

THanks all
Its seems atm is the way too go
I'll pick up a money belt asap too, gotta get on that
noobs
TheWills is offline   Reply With Quote
Reply






Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
is this a good deal? raysen U.S.A. 8 05-30-2006 10:03 AM
Getting the best deal on tickets namante Travel Transportation 9 05-05-2006 08:08 AM
getting the best deal on airfare Elizabeth Travel Transportation 1 11-25-2005 11:45 PM
How to deal with Chaffing... Ozpacka Health & Safety 43 09-14-2005 12:57 AM
So Here's the Deal: ChasinJason1313 TPunk Meet Ups 13 01-18-2005 06:24 PM


All times are GMT -7. The time now is 09:06 PM.



 

Search Engine Optimization by vBSEO 3.2.0

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121