5 Ways To Keep Your Money Safe Abroad

Keeping your money safe can be challenging, particularly when you’re abroad. There are so many pickpockets around the world and scams that are targeted towards unsuspecting tourists in an attempt to get them to part with their cash.

Here are five ways you can keep your money safe and protect your valuables when abroad.. 

1. Split Your Cash

When travelling, divide your cash and credit cards and store these in different places. Split everything up into various pockets across different bags, and only carry your main credit cards and 1-2 days worth of cash with you in your wallet. If something gets misplaced, lost or stolen, you then have emergency funds and haven’t lost your whole stash of cash.

2. Avoid Secluded ATMs

The more visible you are, the better. Try to plan your trips to the cash point (ATM) in the daytime. If you do need to go at night, you’ll want to find someone you trust to accompany you. However, it is recommended that you choose ATMs that are in your hotel or are near busy areas; the more protected you and your money will be.

3. Use A Hidden Money Belt

Not only is wearing a traditional money belt is a major violation of universal fashion laws, it also screams to the world that you are a tourist, and this attracts pickpockets. You can now buy hidden money belts, such as a bra stash, crocheted money pouches that can be worn as necklaces, or travel underwear with secret pockets. These are invaluable for storing your money and important documents such as your passport. You can keep your phone or hotel key card in some of them too as well as things like a personalised necklace or a locket. These are really popular with people that go backpacking.

4. Limit Using Cash

Cash can cause you to overspend and is far more likely to be lost or stolen than a credit card. I’d recommend a credit card that doesn’t have a foreign transaction fee, especially for when you are abroad. That was, you can use it as much as you need to. Having said that, always have some cash and don’t just rely on your card. Not everywhere will accept credit cards, but also, if you were to lose it, as least you’ll have some cash to get by with.

5. Don’t Put Your Wallet In Your Back Pocket

It is always a better idea to keep your wallet in your front pocket, as this eliminates the chance of being targeted by pickpockets. Pick pocketing is incredibly common overseas, especially in some parts of Europe, and this is easily the number number 1 crime against travellers. It’s always easy to spot somebody who has a wallet tucked into their back pocket.

6. Use A Dummy Wallet

Slightly unconventional, but a great way of deceiving thieves is with a dummy wallet. This is particularly useful when you’re visiting a busy market or an area known for petty crime and pickpocketing. Simply have a cheap wallet with a small amount of cash, and maybe some cards that may look like credit cards. This will lure pickpockets from the real target – just ensure you reach for your real wallet when you’re out of sight and at a safe spot.