Archive | Money

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Discount Cards

Posted on 01 December 2009 by Sasha

A traveller’s discount card is a great investment costing very little and giving you serious savings all over the world!!!  Card’s can give you discounts on things such as attractions, insurance, accommodation, flights, transport, travel gear and more.

 

ISIC/IYTC Card
Discount Cards - On UR Way Travel
ISIC/IYTC is the most internationally recognised student/youth (under 26) discount card. There are over 40 000 discounts available to cardholders including discounts on flights and travel insurance.

 

YHA Membership Card

YHA membership offers discounts on rates at over 4000 hostels worldwide as well as over 8000 discounts on goods and services all over the world. You also get great deals on travel products through YHA travel.

YHA also have joint ISIC and IYTC cards which gives you the combined benefits of both discount cards.

Discount Cards - On UR Way Travel
EURO <26

The EURO<26 youth card offers thousands of discounts all over Europe. For residents outside Europe you can purchase your EURO<26 card online. 

EURO<26 Discounts

EURO<26 Purchase Online

VIP Backpackers

The VIP Backpackers card gives you discounts at over 1200 VIP Hostels all around the world a well as discounts on international phone calls, transport, restaurants, attractions, activities, photo processing, store purchases, bike hire and so much more. For added value the membership card also doubles as a rechargeable phone Discount Cards - On UR Way Travelcard as well as giving you access to voice messages, text messages and a free email account.

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Travel Money

Posted on 01 December 2009 by Sasha

It’s important when you’re travelling to have as many options to access money as possible and to carry money in different forms.

Cash

Cash is great for daily expenses as it is the most widely accepted form of payment.

Foreign Exchange

Exchange your cash at foreign exchange bureau’s located at airports, selected hotels, some post offices and at major tourist areas. It’s always a good idea to exchange a small amount of cash before you go for expenses when you first arrive in a country such as taxi’s, drinks etc.

Be aware that not all areas will have foreign exchange and that opening hours are subject to weekends and public holidays. Always find out about the accessibility to foreign exchange at your destination.

Travelex Exchange

American Express Exchange

Travellers Cheques

Travellers Cheques like any other cheque has a value for money that can be exchanged for cash. Be aware that traveller’s cheques are not always easy to cash outside banks and foreign exchange especially in remote destinations. Always do research to find out where you will be able to cash them in at the destination you’re travelling to.

Prepaid Currency Cards/Debit Cards

Prepaid Currency Cards are a convenient and quick way to access money while overseas. They come in the form of a visa card that can be used to withdraw money at ATMs world wide. The great thing about these cards is that they allow you to upload the money in the currency you will be using with a locked in exchange rate that will not be affected by the ever changing rates.

Travellers debit cards work in the same way as a prepaid currency card but with the added benefits of a debit card which allows you to purchase good and services at visa merchants all over the world.

Not only are both styles of card convenient and easy to use but you also generally get the added security bonus of a second backup card if you card is misplaced or stolen.

For many cards, if you have money left at the end of your travels, the refund will be paid back at the same exchange rate.

Travelex Cash Passport

Travelex Cash Passports come in either ATM only prepaid travel cards or debit cards. The prepaid travel card is available in Australian, Euros, British Pounds, United States, New Zealand, Singapore or Hong Kong Dollars. Debit cards are available in all the above currencies except Singapore and Hong Kong Dollars.

If your destinations currency is not offered with the cash passport you can get a cash passport in AUS Dollars and it will convert any transactions at the visa exchange rate for that day. This is a great option especially for eftpos as there is no fee for eftpos transactions.

ANZ Travel Card

The ANZ Travel card is a prepaid travel debit card that comes in Euros, British Pounds, United States and New Zealand dollar. The great thing about this card is that there is no transaction fee when you use the card to make purchases.

Credit Card

It’s always good to carry a credit card for any unexpended large expenses.

Tip: To avoid the ATM transaction fees imposed on many cards, get your cash out at places like McDonalds or Supermarkets that offer the cash out option when you make a purchase.

Security Tips

  • Do not carry all forms of money in one place keep them separated. If you carry all your money in one place and it gets misplaced or stolen then you can be in quite a lot of trouble.
  • Always keep a bit of extra cash and a backup card in secret spot in another bag or in your luggage for any emergency.
  • Do not carry large sums of money around.
  • When carrying money use a money belt and only have small amounts of cash in your bag.
  • Always take note of the individual serial number on traveller’s cheques. This will speed up the process of getting them replaced if misplaced or stolen.
  • Keep a photocopy of all your cards along with the contact details of the bank/card company.
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Budgeting

Posted on 01 December 2009 by Sasha

Travelling is quite an expensive endeavour even before you leave. Consider the cost of flights, insurance and essential travel gear such as luggage etc. Whilst travelling your costs will include accommodation, transport, food, attractions and entertainment.

It’s important to start saving for your trip as early as possible. Remember once you add exchange rates into the equation your dollar may not stretch nearly as far as it does at home.

BUDGET BUDGET BUDGET!!!

While saving for your trip you should assess your spending habits and see where you can adjust your budget to make room for more saving. You will be surprised to find how much money you can save from cutting out a few luxuries such as buying lunch out a few times a week or renting a DVD rather than going to the movies. You could also look for more work if you want to save up a lot of money in a short space of time. If you have more time to save, open a high interest savings account offered by most banks. These savings accounts are great because you accumulate money in interest. The more money you have in your account the more interest you will accumulate which is basically money for free!!!

While travelling set a budget and stick to it. Make sure the budget you set is realistic and has some leeway for emergency’s and for other activities you didn’t originally consider. The best way to create a realistic budget is to create a daily budget that factor in day to day expenses. It’s important to budget slightly more then you think you are likely to spend to cover those hidden costs that may arise.

Use the Travelex Budget Calculator to assist you with working out your travel budget. It includes common expenses for major destinations around the world.

Travel Loan

If you have saved & saved budgeted & budgeted and you still haven’t quite reached your goal of saving enough for your trip then an option to look into is getting a travel loan.   Keep in mind that you will still have to pay for it eventually so only get a loan to fund what you need, don’t go overboard or you will overspend on things that aren’t essential for your travels.  For more info about travel loans speak to an expert at Loans Online.

Working Abroad

If you’re planning on working abroad you still need to save up before you go. You need to pay for your flights, insurance and your work visa. If you have a job lined up before you go make sure you have enough money saved to get through at least the first month. If your planning on looking for a job once your abroad make sure you have enough money for at least a couple of months until you find a job.

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