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I’ve been traveling around the world for over 2 years — here are the 13 best budget hacks that will make your next vacation cheaper


Natalia Lusinski

I’ve been living and traveling abroad for two years, and I’ve learned plenty of budget hacks along the way.
You can save a ton of money while traveling by using certain credit cards, traveling with just a carry-on, and remembering that everything — even hotels — can be up for negotiation.
Here are 13 of the best budget hacks I’ve learned throughout my travels.
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A couple years ago, I impulsively left America to take a job at a farmhouse in the Swiss Alps.

The job was unpaid, but I had my remote journalism jobs for income. Naïvely, I didn’t think much about all the expenses that would crop up as time went on.

I liked living abroad so much that I made it a lifestyle and started switching countries every one to three months. Although living abroad is often cheaper than my old life in the US — my rent in Los Angeles was around $1,100 a month with two roommates, while my studio apartment in Bucharest was just $650 a month — the longer I stayed abroad, the more I realized how much money I was wasting.

But no matter what country I’m in, I’ve learned that many budget hacks are universal and can be used worldwide.

So take it from a perpetual traveler. Here are 13 of the best ways I’ve learned to save money while living and traveling abroad.

SEE ALSO: 9 signs your spouse is spending more money than you think

DON’T MISS: Travel guru Rick Steves shares 10 tips to save you money, time, and stress when you’re on vacation

Use a debit or credit card without foreign transaction fees

You may not even realize that your favorite ATM or credit card charges you a foreign transaction fee for each purchase until you’re reviewing your statement after your trip.

While 3% percent — which is a common fee — may not seem like a lot at the time, each transaction adds up. (Do a tally; you’ll see.) For my first 22 months abroad, I was constantly charged these fees and could have saved a lot of money had I done some pre-planning.

Also, when choosing a card without foreign transaction fees, aim to get one that will work at most ATMs so you don’t get charged an out-of-network ATM fee, too. For instance, with a card from Charles Schwab, you typically won’t be charged ATM fees worldwide; if you are, they’ll reimburse you.

Or, if you don’t have any travel-friendly cards on you, but you’re traveling with someone who’s not charged fees, ask if they can pay for things. Then, you can use a payment service, like Chase QuickPay with Zelle or PayPal, to immediately pay them back.

Pay in the local currency with your card and take out cash as infrequently as possible

When you do use your card to make purchases, always choose to pay in the local currency. Otherwise, the merchant can choose the exchange rate instead of …read more

Source:: Business Insider

      

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