Travel can be exciting and an adventure — and a bit of financial planning can help ensure your holiday memories aren’t clouded by an unexpected hit to the wallet. That’s why we’ve put together some tips to help travellers avoid some of the fees that can pile up faster than your holiday pics.
Watch out for exchange rates and foreign transaction fees
Whether you’re grabbing a coffee in a Parisian café or buying souvenirs in Tokyo, foreign currencies and fees can sneak up on you. Airport kiosks and convenience currency exchanges are often the worst offenders, offering poor exchange rates and high fees that quickly add up. A better option? Plan ahead by using apps like XE or Revolut to track exchange rates and get your foreign cash sorted before you go.
Alternatively, consider using a multi-currency card like the Wise card, which allows you to hold multiple currencies at once, lock in exchange rates when they’re favourable, and make purchases overseas without the excessive fees of some of the traditional credit cards. If you are using your credit card abroad, keep an eye on foreign transaction fees—these can be up to 3% of every purchase.
Another tip: when asked if you want to pay in local currency or New Zealand dollars, always choose the local currency. This avoids dynamic currency conversion (DCC), which tends to cost more.
Protect yourself with travel insurance
While travel insurance might not be the most exciting part of planning a holiday, it’s one of the more important parts. If something goes wrong—like a medical emergency or a sudden trip cancellation - travel insurance can save you from facing hefty costs and stressful situations.
Medical emergencies
Healthcare abroad can be expensive, especially in countries like the US. Travel insurance covers medical expenses, so if you get sick or injured, you won’t be stuck with a massive bill.
Cancellations and delays
If your trip is cut short or cancelled due to unforeseen events, insurance can help recover costs like non-refundable flights or accommodation. It gives you peace of mind.
Lost or stolen belongings
Whether your luggage goes missing or your belongings are stolen, travel insurance ensures you’ll be reimbursed for essential items and valuables. A good travel insurance plan gives you the confidence to enjoy your trip, knowing you’re covered if the unexpected happens.
Travel hacks: Secrets of the savvy traveller
Now that you’ve got the financial basics down, let’s arm you with some travel hacks to save time, space, and a bit of money along the way.
Search for flights in incognito mode
Ever notice how the price of flights seems to magically rise every time you check them? That’s no accident. Websites can track your search history with cookies, and seeing you repeatedly check the same route signals demand, which can drive prices up. To avoid this, use incognito mode or private browsing when searching for flights. This way, you’re more likely to see the lowest prices, uninflated by algorithms.
Roll, don’t fold your clothes
One of the oldest but most effective travel hacks is to roll your clothes instead of folding them. Not only does this save space, but it also helps reduce wrinkles. Bonus tip: stuff socks and small items inside your shoes to maximise every inch of your suitcase.
Track your luggage with an AirTag (or similar)
Lost luggage is one of a traveller’s worst nightmares. To ease the anxiety, consider popping an Apple AirTag or Tile tracker into your checked luggage. These handy devices let you track your bag’s location from your phone, giving you peace of mind that it’s on the same journey as you. Some airlines may prohibit the use of trackers so it is best to check the rules and regulations of the airline(s) you will be flying with just to be safe.
Take photos before driving off in a rental car
Planning to rent a car on your travels? Make sure to do a thorough video or photo walkthrough before leaving the lot. Capture every angle—inside and out—focusing on any scratches, dents, or marks already on the vehicle. This helps protect you from being blamed (or charged) for damage you didn’t cause.
Choose the best days to fly
Timing is everything. Did you know that flights are often cheaper on Tuesdays and Wednesdays? That’s because these mid-week flights are less popular with both business and leisure travellers.
BYO water bottle
Instead of buying overpriced plastic bottles after security, pack a reusable water bottle and fill it up at a drinking fountain once you’re through security.
Download offline maps
If you’re travelling somewhere unfamiliar, it’s a good idea to download Google Maps offline before you leave. Not only will this save on mobile data, but it’ll also make sure you can navigate confidently even in places with poor signal. Handy for those winding alleyways in Europe or the middle of nowhere on your road trip.
Keep a power bank handy
Whether it’s your phone, tablet, or camera, running out of battery on the road is a hassle no one needs. Keep a portable charger (power bank) with you to ensure your gadgets stay juiced up. It’ll save you the frantic search for a power outlet at the airport or in transit.
Consider using an eSIM
Want to save yourself the worry of being hit with those hefty data roaming charges? eSIMs are a cost-effective alternative that could save you some money. Get started with apps like Airalo that make it easy for you to stay connected with loved ones while you travel.
Takeoff with confidence
At the end of the day, the best travel memories are how much you get out of your experiences. By managing your money smartly, packing efficiently, and avoiding unnecessary fees, you can focus on making memories. Bon voyage.