How Can You Protect Your Money While Traveling Abroad?

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HOW CAN YOU PROTECT YOUR MONEY WHILE TRAVELING
ABROAD?
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USE CREDIT CARDS
Protecting money does not just mean avoiding
thieves who engage in illegal activities. By
using cash abroad, travelers have to pay foreign
exchange fees. These fees take a pretty large
percentage of the money thats traded in. Those
who overestimate the amount they need while
abroad might get hit again when leaving a country
and transferring their leftover foreign currency
back to their home currency.
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USE THE RIGHT CREDIT CARD
Avoiding the use of cash abroad means using a
credit card. Whether you use Personal Credit
Cards business credit cards, or whatever you
choose, let it be a credit card. Its far safer.
However, some credit cards come with foreign
exchange fees built into their pricing structure.
Some of these fees can reach nearly 3 of the
purchase price. When traveling abroad, its
always a good idea to use a credit card that
comes with no foreign transaction fees.
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KEEP A SLIM WALLET
Many Americans keep all sorts of ID cards, credit
cards, cash, and other assorted items in their
wallets. Thats a bad idea when traveling abroad.
Bigger wallets are easier to locate. They can
also become hazardous when an unsuspecting
tourist has to fumble around to find a credit
card. Thieves are more than happy to take over
some of the clutter.
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KEEP YOUR WALLET IN A FRONT POCKET
Experienced thieves can sneak up behind tourists
and slip a wallet out of a hip pocket without
notice. Keeping a wallet in the front pocket is a
good way to alleviate this threat. Thieves have
to steal from the front in that instance, and
its a much more difficult maneuver to make.
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KEEP MONEY CLOSE
Keeping money in a big over-the-shoulder purse is
a bad idea. Its an invitation to a would-be
thief just to grab it. Instead, keeping a purse
with a strap that fits across the body will make
it less likely a scammer will try to grab the
purse. Its a more difficult target, so thieves
are more likely to go after the easier ones.
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