Tag: Exchange Rate

Here’s How You Can Avoid Getting Ripped Off By A Currency Exchange When You’re Overseas

“There are three things in the world that deserve no mercy, hypocrisy, fraud and tyranny.”
– Frederick William Robertson

You’re on vacation in a foreign country. You check in to the hotel, leave your luggage in your room, grab the most needful items and go sightseeing. There’s so much to investigate!

Once you’re out, you notice a souvenir shop with cute backpacks. “I need to have one,” you think. In this very moment, you remind yourself you’ve only US dollars in your purse. “Right. I need to find a currency exchange.” You look around, notice at least three, and choose to go to the closest one.

Once you get there, you hand in $100 and receive some money in the local currency. “Perfect! Now I can buy that backpack!” you think. While you’re walking down the street towards the shop, elated, you pass by another currency exchange. You stop to check their rates and realize you’ve just been conned.

Does this situation sound familiar?

How To Avoid Getting Ripped Off By A Currency Exchange

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3 Money Saving Strategies for Traveling Like a Boss Year-Round

No one wants to be stuck sitting in one place year after year, I certainly don’t. We all want to travel, but in many cases there’s this illusion that it’s too expensive. Traveling doesn’t have to break the bank. Today I’m going to show you three ways you can save money while taking a trip near, far, or even during the dreaded holiday months. Below are three Ways to save money regardless of when or where you’re traveling.

Not only is it possible to save money while traveling, but you can even make money too! How is this possible, you ask? Well, if you find yourself loving the nomadic life, then you can make money blogging by starting your own travel blog. Plenty of people have done this and never stay in one place for long as a result.

Here are some excellent tips to make your trip happen!

1. Booking and Planning Your Flight

For starters, always plan your flights in advance and visit discount websites to find the best possible deals. While connecting flights may be annoying, they can also save you money, so don’t immediately dismiss this option either.

As odd as it sounds, round trip tickets are sometimes cheaper even if you don’t use the return flight. If you can manage to fly in and out of the same airport, you’ll also save some cash.


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Being Money-Smart While Abroad

Vacations and travel are surely becoming synonymous words in today’s world. Whenever we get a few days’ leave from our busy work schedule, the first question that strikes our mind is where to plan a trip. With the advent of internet at our finger tips the entire world has become as small as a neighborhood. So, a foreign trip nowadays is as common as going to bed at night. But when a tour abroad is planned we need to look after our safety primarily and even more importantly our purse needs to be looked after. Apart from that you need a bit of intelligent budgeting and collecting as much information as possible. It is very essential to be money smart while traveling abroad or else you might find yourself bankrupt after your trip.

Here we will try to enlist a few tips and trickeries to save money without curtailing any sort of enjoyment while travelling abroad.

  1. Monitoring the exchange rates: – The exchange rates keep fluctuating day to day, as such it is absolutely essential to keep track of the latest exchange rates of the specific country while traveling.
  2. Traveling with a cheap airline: – Check the internet for the latest offers before booking the air tickets. Websites like asaptickets.com are of great help in securing low cost air tickets from USA to different parts of the world even for the business class flights.
  3. Look for exclusive hotel booking offers: – One click of a webpage is good enough to inform you about hundreds of offers on hotel bookings in the preferred country. Book the hotels well in advance to avoid extra payment. Continue reading

5 Secrets to Saving Money while Studying Abroad

Save Money for your Trips

Studying abroad will gain you the praise-worthy credentials you always dreamed of, but will lose you heaps of hard-earned greenies. Maybe the credentials are not what you’re after. Maybe it’s just the desire to travel the world, visit a new place, immerse into a new culture, and gain the experience of a lifetime.

Regardless of what your intentions are, you will, at some point, be worried about budget constraints. Add your tuition and living expenses to the cost of travel, visiting tourist attractions, amazing must-try-out foods, events fees, and what not. College life is expensive! And when you’re living abroad, you can forget about a happy wallet full of cash.

So, is there anyway you can save money and spend an adequate amount that will still allow you to do everything you want to? Learn the secrets to saving money and you won’t have to cut down on any fun activity on your list.

1)     Monitor TheExchange Rate: In case you didn’t know (let’s hope you do), the exchange keeps fluctuating from time to time. So, your incoming earnings measured against the currency of your host country could vary overtime. In simple words, there could be times when your home country’s currency converts to a lot of cash and there could be times when the same amount converts to less. If you’re exchanging  a small amount, it might not make a huge difference. But if you’re exchanging a large amount, you might want to check the exchange rate and see if you should wait for a time when your home country’s currency is worth more, or simply apply elsewhere.

2)     Look into Scholarships: Can you work really hard to improve your grades and apply for a scholarship? Almost every school offers scholarship opportunities to students who manage to obtain high grade point averages. Check out your school’s scholarship options and see if you meet those requirements. You could also check out the scholarship directory on GoAbroad.com. These grants could take care of a large portion of your tuition fee and more (depending on what they offer). That way, you won’t have to worry about your “leisure” spending.

3)     Travel with Low Cost Airlines: If you’re more of an adventure lover, you won’t mind the low cost airlines that are available to students. Many of these airlines offer packages and deals which are definitely worth looking at. You can possibly forgo the fancy lunch option and other services to save up some cash for adventure elsewhere.

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