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Money Tips for Traveling Abroad (Without Getting Ripped Off or Stressed Out)
From currency exchanges to credit card safety, here’s how to spend smarter overseas.
You’ve booked the flight, packed the passport, and planned the dream solo (or social!) getaway. But let’s talk about the one thing that can make or break your confidence abroad: money. From figuring out how much local currency to carry to avoiding surprise fees, here are the international money tips every woman traveler should know.
1. Skip the Airport Currency Exchange Booths
Those tempting exchange counters in baggage claim? Hard pass.
They often offer the worst rates and the highest fees. Instead:
Use an ATM once you arrive for a better exchange rate
Or, exchange a small amount of cash at your home bank before the trip to cover taxis, tips, or snacks on arrival
Just Go Solo Tip: $100–$150 in local currency is usually enough for your first 24–48 hours.
2. Use a Credit Card with No Foreign Transaction Fees
Every time you swipe abroad, some cards charge you 2–3%. Not cool.
Instead, pack a travel credit card like:
- Chase Sapphire Preferred®
- Capital One Venture®
- American Express Gold® (just double-check acceptance abroad)
These cards also come with built-in perks like fraud protection, trip insurance, and points on travel or dining.
3. Use ATMs for the Best Exchange Rates, but Choose Carefully
When using an ATM abroad:
Use machines attached to major banks, not sketchy standalone ones
Decline conversion offers. Let your bank do the conversion for a better rate
Withdraw larger amounts less often to avoid repeated ATM fees
Pro Tip: Use a Charles Schwab debit card for reimbursed ATM fees worldwide—a lifesaver for solo travelers hopping between cities or countries.
4. Avoid Dynamic Currency Conversion (DCC)
If a merchant or ATM asks, “Would you like to be charged in USD instead of the local currency?” always say no.
That’s Dynamic Currency Conversion, and it usually adds a markup.
Always choose to pay in local currency to get your bank or card’s exchange rate—which is almost always better.
5. Divide and Conquer: Don’t Keep All Your Money in One Place
This is especially important if you’re traveling alone.
Keep a small amount of cash in your day bag
Store backup cards and extra cash in a different location (like your suitcase or hotel safe)
Never carry all your cards at once. Leave at least one in your accommodation.
6. Protect Your PIN + Card Info
While most places are safe, card skimming and scams do happen.
- Always shield your hand when entering your PIN
- Avoid using unfamiliar or suspicious-looking ATMs
- Set up alerts with your bank for international transactions
- Use Apple Pay or contactless payments where available—they’re encrypted and often safer
7. Download a Currency Converter App Before You Go
Having a quick app like XE Currency or Currency Converter Plus helps you:
- Understand prices on menus or in shops
- Stay within your budget
- Avoid overpaying when tipping or shopping
Just Go Solo Tip: If you’re negotiating at a market or using cash taxis, knowing the exchange rate gives you major confidence.
8. Set a Daily Budget in Local Currency
Write it down or track it in an app like Trail Wallet or Spendee.
It keeps you mindful without feeling restricted and helps you prioritize what you really want to spend on (spa day, anyone?).
