How Much Money Should You Travel With?
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- เผยแพร่เมื่อ 13 ก.ย. 2024
- We were asked, how much cash should I travel with? And honestly we take about $200 with us and then use our credit cards for the rest of our purchases as many places are not "cash friendly" anymore, cards are more welcome in some destinations. But it is always good to have some cash with you just in case, as there are still some places that only take cash. Do your research before you go to know what it is like in the country you are visiting.
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Fun fact: American Express stopped selling their once famous Travelers Cheques on December 31, 2020.
The only place I've been where having the local currency is necessary was while traveling in Japan. In the larger cities like Tokyo you usually don't have any issue with using a credit card or and IC card. Then again, you still find some small businesses which don't take cards because they don't want to have to pay the fees the credit card companies levy on them to process transactions. Having some Yen in your pocket still works.
I find that in smaller Italian towns, too. I always get Euros from a local ATM.
Thanks for making it easy and simple. People make 15 minute videos for a 2 minute explanation.
Depends on the country. In ARG you wanna take cash. It's all 50% OFF if you do.
Yes, in Argentina, it’s cash.
I spent three weeks in England last October, spending time in London, Liverpool, Manchester, Leeds, and Chester. I did not have any local currency with me at any time. Hotels, restaurants, entertainment, and most importantly transit all took contactless cards. It made traveling much easier.
I take about £200 with me in my pocket whenever I go abroad, or a similar amount in euros, but then there is only myself to think about and I almost always bring cash back with me if I sometimes use my card. I liked what you had to say about having a back-up. You're right, you never know when you might need it! Also, I find it a good idea to always have some small denomination notes to tip cab drivers etc. It would be embarrassing to hand them a big note and ask them to give you some of it back!
The "not accepting cash" reminds me of Homer getting $700 worth of Itchy and Scratchy "fun money", but once he gets in the park, no stores accept it.
I love The Simpsons! 😁
🤣🤣🤣🤣 omg u really brought that up lmaoo. Love that episode btw!
Fully agreed. I travel to London frequently from Malaysia. A lot of the places outright refuse to accept cash these days especially after 2021. Went with 200£, came home with 200£. It's the same with my home country, Malaysia too.
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Some cities tried going cash free here in the USA (NYC, and San Francisco) but some the local government said it couldn't be done, because it hurts the poor. But lately I've seen some buskers take Venmo.
Another tip, make sure to carry more than one card that has money on it. On my honeymoon we cleared out most of our allocated money on one card and my wife lost it on top of a mountain in Austria. We were in the middle of a three week tour and there was no way our credit card company could get us a replacement while we were traveling. Needless to say we literally were on our last bits of cash towards the end of our trip.
This Matt also wanted to know this question 😂 Going to London next month 🇬🇧
when we visited the UK, we carried about 20-40 pounds in cash, and used cards for nearly everything.
I guess a lot depends on where you're from and where you're going to. I'm from Amsterdam and when I went to Prague a couple of years ago, I just found the cheapest exchange office here and exchanged my 'budget' for the trip into CK's. I had absolutely no problem paying with cash anywhere.
When I went to the US last year, I only took a couple hundred dollars as I knew I could easily pay by credit card at most places.
Interesting fact: most supermarkets in The Netherlands do NOT accept credit cards, only debit cards. I know you've been here and you must have noticed that yourself 😄
they only take debit cards? that's messed up
@@diegom6053 I've seen tourists at my local supermarket that weren't happy. They were forced to take money out of the ATM to pay cash for their groceries.
@@ganymedes62our first trip we found that out! Second trip we made sure we had cash just for the grocery store. We still had a great trip!!
Thanks for the heads up Mark, advice that will be well heeded going over to the UK this Fall!😎👍🇨🇦
Cash is freedom n privacy..I like both options though.. let's hope cash always is a option
Totally agree with this. I usually look up what $200 USD converts to on XE and round up, and pull that out of a bank ATM at the airport when i arrive
Great Video. Thank you for posting.
Great Video . Wonderful Advice
Really helpful video!
Tip: Dinners Club will take Discover.
You could also survive in less cash, depending on your spending habits and how much stuff like museums, even travel like public transportation you pre pay for (most cities have apps now, where you can pre buy a week pass).
And I tend to only eat one meal a day at a local restaurant.
Depends on target country. My understanding is Germany and Czech Republic are cash economies, in that most places there don't take cards.
It is rare to be able to use American Express or Dinners Club in UK.
@@stephenlee5929The Honest Guide (Czech tour company) did a video on that, showing that "tap" payments are quite widely accepted
Love your videos! Thanks for all your tips!
I take's a small amount of cash ( 50 EUR ) when within Europe. Then arriving I get some cash from atm and everything else pay by card. When traveling to a destination like Japan I pretty much most of the time use cash since cash is king there.
I just got back from Paris Rome and Zermatt and there were no problems anywhere with them accepting their currency. I feel like it kept my card exposure to a minimum and frankly it was just a faster transaction at small shops and taxis
I have been to the US many times, i have about 1500 dollars in cash with me and i have a visa card and a master card , because there is a limit on the visa card and i have hit that ,when i only had the visa card, not fun having to try and call your bank to open it up again. So now always having 2 cards.I dont carry all the cash with me at all times, but we do use a lot of cash in the US, but try not to have to many big bills ,they dont like them in most places.
A lot depends on what you are doing. I go to Brocantes, boot sales and flea markets, as well as Christmas markets. You need cash because most of the vendors do not take credit cards. Also, I am willing to have Euros or pounds since I know I will be back in a year or so, and can use them then. For other people, carrying a lot of cash isn't necessary.
Haha and what a great incentive it is to have extra money at the end! "Oh, I can use it next time" 😁 I do have a bit too, but not much.
When I was in London, I didn't take out any cash at all and I barely use cash back home either.
Thank for the question and Walter thanks for the answer.
In the Balkans, you must have a good amount of your money in cash in their local currency. Bosnia & Herzegovina, KM. Serbia, RSD. Montenegro, the Euro.
Thanks for all of these great tips I would definitely keep these in mind.
Just came back from Amsterdam where I used 0 cash. Also it's important to use a card with 0 foreign transaction fees.
they still use the conversion to 'charge a fee', altho maybe that is still cheaper than using a card with conversion and foreign fee.
Solid advice! I follow a similar methodology.
Well I always use my cards and I'm glad that you can pay almost everywhere in Europe with them!
Thank you for this video. I have been wondering about get cash and how much for my trip to Scotland this summer.
They have their own Scottish pounds, that might not be accepted in the rest of the UK, so heads up (they accept regular pounds but give change in Scottish pounds). Enjoy your trip!
@@einat1622 oh no! I thought that was only northern Ireland. Do you know if they'll exchange British pounds for Scottish pounds at the train station? I had planned on taking the lumo up from London.
@@yaowsers77 Scotland stores take both. I had issues exchanging in London, my sister went (2-3 years later) to the 'main' national bank and manage to change my old Scottish pounds.
Yup! Discover is the worst card to use in Europe.
Great trip. My wife just asked this question.
In Germany, many restaurants, shops and petrol stations now accept credit cards, but very few American Express!
Master or Visa are OK!
I don't know of any shop in Germany that refuses cash.
Cash is king in Germany!
Especially at the toilets at the service areas on the German Autobahn.
No coin, no pee or poop!
Off to the forest!
It's American Express not Germanic Express.
@@wkdravenna Sure, that was just a hint.
Your vid is the only one I’ve found that makes sense. Now I’ve decided how many Euros to take. I have 2 cards. My cash and cards will be separated in in different locations. Cheers from 🇦🇺
Very good idea about having extra $100 US dollars tucked away just in case.
Great tips
As an American living in Germany, I’ve found that the majority of restaurants outside big cities only take cash. Also, never use an EC ATM, total ripoff. Use major German bank ATMs like Sparkasse.
Spankass?
@@Flexpdx Major German bank. Sparkasse..
I carry 500 Euro for wife and I depending on the length of stay and I prefer to pay with cash for small purcheses and at small businesses. I also get my money from my local bank before the trip.
You must be German
@@N1120A Inexperienced traveller.
Great video. After watching it my wife asked a great question, "Should we exchange our money here in the U.S. before we travel or in the country that we are traveling to?" We will be in England hiking the Cotswold Way National Trail in September for two weeks and then flying to Dublin for five days. Thanks!
There's tons of Atms in the airports, let alone Europe (and there are lots of Atms in England), so I think your okay waiting until you get there. Banks in US tend to have crappy exchange rates/fees.
Reason card is preferred in most places it lowers insurance premium.
Love ur channel 😊
When are you coming to Australia! Haven't seen a video on your channel or socials about my homeland! Love to see it sometime!
I took $1000 U.S currency when I went to Germany last year.
Great advice 👍
I do just about the same thing. You should ALWAYS make sure to bring cash with you whenever you are going on vacation or a long road trip! I tend to bring about $60-100 in cash, depending on where I'm going and how long I'm staying. I learned that from my dad because of unforseen circumstances that got us in a jam. Some places won't accept card and you may just need the cash for emergencies. 💸But I always also make sure to carry my Vasa and Moostercards too 💳 lmao.
Joey! Loved that reference.
always have some USD on you... it will save you at times... I've been outside the US 40 times....
I have to pay with cash a lot in Germany. But also in the US I often need cash, because my card is not accepted. This is because many card terminals in US does not live up to Danish safety regulations for such terminals and thus the payment is rejected by my bank in Denmark.
Curious, when you use US ATMs do they ask you the same question in regards to conversation. And have you ever run into problems where you couldn't use cash in the US, and your card was not accepted. Many places here in the US have stopped taking cards, except for in some big cities like NYC where it is illegal to refuse cash.
@@DrVVVinK I have never experienced any problems when withdrawing money from ATMs in US, and is not asked questions except for amount. A D I have always been able to pay cash. On some occasions, like in farmers markets in small rural villages, cash have been the only option.
Well I pay everything in Germany with my card, mobile phone or Smartwatch! I never carry cash with me, because that's too dangerous!
I am from a small country with a strong currency and dread credit card technical failures and do not trust banks to swiftly replace damaged or lost cards. My preference is buying the destination currency in my country at the lower buy rate before leaving, while incoming tourists from the destination country pay more for our local currency at the sell rate. To the best of my analysis I minimize exchange costs and technical hazards but need to keep security minded at all times.
Travelling to Europe, from the UK, for a week, I seldom take more than 125 euros. Most spending will be on a no-fee credit card. And I too keep some US dollars in my wallet. The kind of countries that will give you occasional problems with your cards are the kind of countries where dollars will be accepted by a taxi-driver.
This is good information. I'm planning a trip to Paris next year and haven't been there since before the pandemic. Is credit preferable there just like the UK?
What about Caye Caulker, Belize, where they mostly only take cash? P.S. I've seen your Belize videos but curious as to how much cash needed there?
Traveling through Germany and Austria I found that cash is king. Especially in restaurants
I hate plastic
I'm from Germany and I always pay with my cards, because I never have cash with me! And most places will accept it!
@@kessas.489 not everywhere. Even in Berlin I have had cash only restaurants And most of my family also uses cash. As i said mostly restaurants but in 2018 while in Austria we even hit a gas station that did not take credit. Germany is in no way a plastic credit culture like Sweden Cash is still preferable to many
@@JAM-65 Well I would never trust a place where they don't accept your cards! These places are mostly illegal and smuggle the money past the tax authorities!
I take about $500.00 in local currency. Mostly for tips. And I have cash left over.
I always travel with 399 million dollars
I prefer to use credit cards when I travel, I really hate keeping all those coins and money that I am not going to use somewhere else
Could you or your wife recommend safest countries for solo female travellers? Thanks 👍
Last year while on a riverboat cruise in Europe, we found that wherever we tried using a Master Card that we had X amount of money on it, wouldn’t work. Thankfully I put my Visa card in and we ended up using that when making most of our purchases. Have you heard of this being a problem before?
I like to have mixed some cash and card it is not worsed to pay cash or coin or mix like when card machine is broke cred card uses to much cash is good idea to use help and
my home currency is euro and i traveled in the last 17 years only in euro lands!
What about Morroco? My understanding is cash only and if they do by chance take a credit card they will charge you the 5% on top
I'd also recommend that you don't keep All your cash or even all your credit cards in your wallet, in case it does get pick-pocketed. Stash some in your luggage. And, only get cash from a bank's teller machine, not at some store, or in a public place.
I have an extra current (checking) account that is totally basic, no overdraft etc. That costs nothing to have. On vacation I load that with spending money and take the card ( plus some cash) out and about with me. If that card is lost, stolen or cloned all I will loose is some holiday spending money. During the rest of they year I take it to work and again when out and about if lost there is never more than about £50 in the account.
We live in a very uncertain world- so obviously, depending on what your personal circumstances allow - I keep cash, a mixture of my own currency, local or euros, and usd with me beyond my spending money and up to what my insurance will cover if lost - in a real emergency cash will be king and you may be a long way from home. Plus alternate credit/ debit cards etc.
Why do u live like that uncertainty?
When I'm going into Europe (I always do). I will take about € 200,-- beforehand (I live in the Netherlands). The money I don't need, and my creditcard is locked in the save in my hotel room, and I carry what I think I need, also with my debit card. When something is happening (by example pickpocketing) I always have my creditcard as a reserve.
Amex if your staying in a Hotel, renting a car from a major European rental car company like Sixt, buying metro tickets in places like Rome/Paris/London/Berlin to name a few. Mastercard/Visa cash for everything else. Cash at markets for sure, small vendors. Agree about having some U.S cash.
or Like Wolter said go to the ATM machine but try to find one buy a bank.
In the UK, many street vendors/markets accept and sometimes prefer Visa/Mastercard.
Even the buskers take card payments.
@@stephenlee5929 Same in the Netherlands. Even beggars and charity workers carry card machines these days. Or sometimes there's a QR-code so you can make a bank transfer.
I've traveled international a lot and even $200 sounds like too much for a "specific number." Yes, some places will require a lot of cash, and that may be $200 or even more, but most places won't. I set a goal of coming home with now more than $50, and preferably about $20, USD in foreign currency. With so many no foreign transaction fee credit cards there's rarely a reason to use cash. Even in Colombia (where I travel often) I don't spend much in cash; $100 USD would likely be plenty. There is an exception. If you KNOW you will need the cash that changes all the rules.
I am thinking going to japan in nov for about one week: tokyo, kyoto, osaka and hiroshima ( taking the bullet train). Any advice please or it is best to go to spain madrid, cordoda). Thanks. By the way i do not speak either of these countries languages , just english.
I'm heading to France this Summer and I probably won't take more than 100 Euros with me. I will have most meals and all accommodation paid for in advance and I expect to be able to pay with my debit card/Google Pay just about everywhere. I expect to have some Euros left over at the end of my 12 day trip.
Hope your trip went well, how much cash did you use, compared to card?
I like to tuck local money into my pockets and bag compartment. X2 the amount it takes to get to the hotel by public transport.
In London (UK), you are better to use Visa/Mastercard for public transport, but better still get the Oyster card (top up using Visa/Mastercard).
@@stephenlee5929 And a public transport card with some money on it. The idea is having some back up.
Just got a master card for Japan bcuz a lot of people mentioned having trouble with Amex and visa.
What did u mean by never use a conversation? Could u explain a little more?
I usually have 300 dollars on my bank account😅.
I wish Wolter was a relative of mine!
🎉good morning
Can you make a video on how to get this "money" and what can I use it for.
Do I need to bring cash for Amsterdam and Paris?
When you stay in hotels etc. Do you strip the bed of sheets and pillow cases or do you leave them for housekeeping? I worked housekeeping years ago and loved it when people stripped the sheets and put the comforter aside.
Yes we do that
When using a credit card (in Europe specifically) how do they handle US credit cards, since we usually don't have a pin, for their chip and pin system? does the wireless tap to pay work?
Contactless Pay works fine with US cards. I was in France and the Netherlands a couple months ago and used that method everywhere.
In Argentinia I picked up sometimes an half an kilogram on money
That is what drug dealers do.
What are the dollar limits for bringing purchase back to the US. Is their a maximum amount before you have to declare ?
US/CDN customs expect $100 per day so you can cover your cost to travel, but never have more than $10,000 or they will confiscate it.
Any tips on Argentine pesos for a British traveller? Seems like travellers are getting the MEP rate on VISA cards now.
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Going on a cruise in November to Mediterrean, different countries..Should I just buy prepaid Visa cards instead of using my Capital One crexit cards?
IF shops etc accept credit cards, it's usually Visa and Mastercard. Atm's might accept more. As a European I've personally never heard of your credit card company before.
I would also strongly advise you to bring a debit card. Those are accepted almost everywhere in Europe, even when credit cards aren't.
How far in advance do you book your International Flights?
10 yrs
Just returned to US from Prague, Vienna, Budapest. You do not need much cash at all. About 95% of places accept credit cards, including public transportation. I agree with Mark, do NOT accept the conversation when making the transaction.
Conversion.
Try US dollars in UK lol😂
Hi. When you say no more than 300, that amount is for how many days and persons ?
Jorge, take whatever your budget allows and you're comfortable carrying. What you don't spend you can bring home.
Use revolut 😁
I saw a video somewhere to use AAA to get currency exchanged here at home, in the US- what are your thoughts on that?
Terrible exchange rate. Use your US debt card at an ATM in the country you're visiting. Choose the do not do the conversion option. You'll get the best possible exchange rate that way. P.S. Never use an airport exchange kiosk.... they rip you off terribly.
Here in Tennessee, we have the big financial advisor/motivational speaker, Dave Ramsey. He is adamantly apposed to credit cards in any situation. Even frequent flyer's cards and you're paying the balance on time. You're an economist and promote credit cards.
Comprehend that it is the vendors that require the non cash payment system, Mark is going with the flow. You will limit yourself if you only patronize cash only establishments but if that is what you are comfortable with go for it. Just carry a huge roll of bills when you travel.
Nah, all store's in London actually do take cash as well with cards. No idea where you got all store's in London take cards only info from 🤔
Looks like you are not a tipster then.
We tip where we are supposed to tip
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I take no cash, if they don't take card... I don't go.
First
All spot on perfect advice. 🫡
That was really helpful!