10 top tips for financial safety
Courtesy of http://www.fieldingfinancialfamily.com

1. Before you go, make sure that you plan your financial requirements properly: allocate
yourself a daily spending allowance: decide how much you need for food and living
expenses: how much will you spend on gifts or treats? Once you know exactly how much
you need, then you can plan how to provide that money when you need it.

2. Once you know how much you need, work out a plan of how much you want to take in cash (as little as possible!), travellers cheques and how much you wish to pay on credit cards. Remember that it is likely that your credit and debit cards can be used as normal when abroad, so check this with your bank and card provider before you go. Even the bank automated telling machines will probably still work, so there is no need to carry cash.

3. Make sure that you have appropriate travel and health insurance.

4. Consider if you need a specific credit card protection policy.

5. Make a note of all the numbers of your bank accounts, credit cards and other financial
documents and leave them in a safe place at home.

6. Make a note of any telephone numbers you may need in a financial emergency, such as
the bank, and your credit card protection policy, and hide that list in your luggage so you
have it if the emergency arises.

7. If you are travelling to a country where the currency is volatile, consider carrying some
US dollars or sterling as security in case of currency difficulties. Most emerging countries
would gladly accept dollars for almost anything.

8. Divide your finances between the people travelling, such that if you get separated or if
one of you loses their portion of money, you still have enough money.

9. Divide whatever finances you have and put it in different places: wear a money belt for
cash, put one credit card in your hand luggage and another in with your underwear!

10. Don’t take all your credit cards: leave something at home just in case.

Cliff Chapman
www.traveljunkies.com

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