Money Tips for Travellers

Read More

Money Tips for Travellers

An overseas holiday is something to look forward to but it can also be stressful when things don’t go according to plan. Losing money, not being able to access it or running out of money can spoil a dream holiday.

Travellers cheques and cash were once the most common forms of taking money overseas, however there are now much easier methods. Travel cards are prepaid multiple currency cards that can be used in ATMs and wherever credit cards are accepted. They are available from travel agents and banks. Examples are the Travelex Cash Passport, Kiwibank’s Loaded to Travel card and the ANZ, National and Westpac Travel Cards. There are a variety of fees that apply for loading the cards, topping them up and making cash withdrawals so it pays to shop around to get a good deal before you buy your card.

Some of the key advantages of travel cards are:

  • You can buy your foreign currency in advance at a known exchange rate
  • You can hold up to five different currencies on the one card
  • You can top up while you are away using online or telephone banking
  • If you lose your card you can cancel it
  • Your losses are limited to the amount you have loaded onto the card
  • Fees are lower than for ATM cards and travellers cheques.

Take a variety of means of payment with you; some cash for immediate needs, a travel card for general use and a credit card for emergencies. Keep them in different places so you don’t lose everything at once. Make a list of all the emergency numbers you need to call in the event you need to cancel your cards. These simple steps should allow you to have a holiday free of money problems.

Related Articles

Liz Koh

Budget Winners and Losers

The latest Government budget had something for everyone but while most households will be a few dollars a week better off, there are some clear winners and losers. In the winners’ corner are businesses, those on high incomes, and savers. The biggest losers are property investors who have built large portfolios financed partly by tax rebates.

Read More »

Top Up or Miss Out

The end of June is an important date for KiwiSaver members. The financial year for KiwiSaver runs from 1 July 2009 to 30 June 2010 and if you have contributed at least $1,040 to KiwiSaver during that time, you will be eligible for the full amount of Government tax credit to be paid into your KiwiSaver account in July.

Read More »

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible. If you are passionate about the effects of climate change, the scarcity of food and water, and social or environmental policies in general, then you will no doubt wish to ensure that the companies in which you invest are going about their business in a manner that is consistent with your views.

Read More »

Helping You Live your retirement To the Max

Keep in touch

Fill in your details and we’ll get back to you in no time.