5 Often Overlooked Ways to be Smart About Money While Travelling Abroad

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Be smart about money while travelling abroad

We all love vacationing. Beautiful beaches, endless shopping, delicious food, fun-filled activities, and so much more! However, all of this comes at a cost! Singaporeans are known to travel a lot and outspend their regional counterparts. But there are ways to plan a value-for-money trip which will only give you happy memories and not nightmares. Let’s see what we can do to save cost while travelling abroad:

1. Booking a rental house

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The first thing that comes to mind after deciding the vacation destination is hotel bookings. We love our hotels, don’t we? Soft beds, a swimming pool and great views. However, if you are travelling as a family, you can get all this and so much more at a much lower cost.

Booking a rental apartment is the smarter way to stay abroad. Websites like Airbnb and HomeAway offer way too many amazing options which will give you the liberty to pick the right home for your family.

Also, most hosts are extremely welcoming and would be happy to help you with any local information you need. Some might even accompany you for a guided tour of the surroundings in their free time. Wow! What better way to get a taste of the local culture. Next time, ditch the hotel.

2. Being frugal with food

We love our food too! And vacation is the ideal time to eat to your heart’s content and ditch all the diet routines you follow back home. However, instead of spending way too much on each meal, be selective.

We hardly ever carry food while travelling, and that is not such a smart idea. It would be great to pack some dry snacks, chocolate bars and dry fruits before you head out for a long day to use them as instant energisers. Also, make it a point that you do not miss the complimentary breakfast.

When it comes to children, make sure you make a trip to the local supermarket and stock up your room with milk, biscuits, fruits and other food they love. This will save you a visit to the restaurant every time they are hungry.

Additional read: 6 of the Most Affordable Michelin Meals Around the World

3. Making the most of free activities

Just like Singapore has loads of free and fun things to do, almost all countries offer activities you will enjoy without paying much or anything at all.

Like when you are in London, you can visit various museums such as the British Museum, Museum of London, National Maritime Museum and Natural History Museum for free; in Sydney, you can make unforgettable, free trips to the Royal Botanic Gardens and the Art Gallery of NSW.

And don’t feel awkward about joining those free walking tours as they are the perfect chance to soak in the local culture and make new friends!

Additional read: Don’t Pay in Singapore Dollars When Shopping Overseas

4. Using credit card benefits

Singapore is the land of credit cards. With an average Singaporean owning at least four credit cards, it must be difficult to keep a tab on all the amazing offers and freebies. For example, when you use your Citi PremierMiles Visa card overseas, you can earn 2 Citi Miles for every S$1 spent and DBS Altitude Visa Signature card provides 3 miles per S$1 spent on travel bookings such as flights and hotels.

Related: Best Travel Deals on Credit Cards in Singapore

5. Travelling smartly

Singapore has an efficient public transit system, but not all cities across the world are as well-planned. However, cabbing around may not be a great idea either.

In South East Asia, try two-wheelers, like using Go-Jek in Indonesia, to avoid getting stuck in traffic jams. If you are in Europe, renting a bike is the best and the cheapest option (after walking, obviously!); in London, it makes sense to buy an Oyster card to cost-efficiently use the public transport.

Make sure you research about train/bus passes and bike rental services before you land in the country to ensure you are prudent amount money from the moment you land.

Saving Tip: For local transport, if you still prefer cabs, it may make sense to try Uber and link the app to the Standard Chartered Visa Infinite Credit Card, to get a cash rebate of 20%.

We hope these tips take you a long way. Have a great vacation and don’t forget to buy travel insurance, folks! Oh, and if you’ve had enough of economy and would love to fly business class, here’s how you might be able to do it for free!

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