Finance and money forum

Finance and money forum

How to manage your money while travelling in Asia

Posted by somtam2000 on 3/11/2007 at 23:26

We've just added a new feature story with some pointers (2,400 words of pointers unfortunately!) titled How to manage your money while travelling in Asia. If you've got any tips of advice about this, please post them here. Thanks! ...

Viewed 79,131 times, with 34 replies.

What is a good credit card for travellers?

Posted by morganmontana on 12/4/2006 at 23:48

I didn't know where to post this question on the message boards. I am about to take a five month trip mostly to SE Asia. I've been fighting having a credit card but I know I should. Is there a company or card that I should go for that works best for international travel. ...

Viewed 43,131 times, with 13 replies.

Reject the Exchange Rate Offered by the Foreign ATM

Posted by exacto on 23/3/2021 at 02:35

Just a reminder that once we all get back into regular travel: reject the exchange rate offered by the foreign ATM you are using. In my experience, this rate posted during the ATM transaction is typically as much as 5% worse than the rate your home back will use when they clear the exchange. That is in addition to whatever fee the ATM may charge for the service. Just say no thanks to the rate offered on the screen and let your home back clear the transaction amount instead. A recent example wa ...

Viewed 3,310 times, with 1 reply.

Food and drink budget

Posted by ambersaffron on 9/9/2017 at 20:15

Hi everyone! My husband and I are planning a year long trip to SE Asia starting in March. We aren't going to plan an itinerary but we know we want to visit Thailand, Cambodia, Vietnam, Laos and maybe Burma. I've got a good idea of our accommodation budget but I need some help on the food and drink budget. We plan to do street food for about 60% of the time and the rest low end restaurants. We do drink and plan to have at least a few beers or cocktails most nights. Right now I'm going off info ...

Viewed 7,729 times, with 4 replies.

Any Bank that refuses ATM charges for when abroad??

Posted by Amany on 17/8/2017 at 02:17

So I'm currently in Spain for work, but planning to backpacking Southeast from December for few months. One of my main concerns was the money, I can't just carry all the cash with me for like 4 months but I guess I can't use my card either as the there will be a lot of fees. I have read here and there about opening a bank acc that rejects the ATM charges or any other charges when using the card. So has anyone done this and can reccomend a bank for me to use? Thank you! ...

Viewed 4,753 times, with 4 replies.

Do I need US Cash in Bali/Lombok?

Posted by quigly on 7/12/2015 at 23:30

hi all Heading to Bali & Lombok for 3 weeks with the family and just wondering if anyone had advice on the best way to handle money. We have a VISA card (Citibank Visa Debit $0 international transactions) for ATM withdrawals, but I'm conscious that we have to pay for accommodation and food for four people, and that's a lot of rupiah to carry around . The type of accommodation we are looking at is on the nicer budget end and most say they only accept cash. Daily budget in the realm ...

Viewed 9,091 times, with 4 replies.

Inflation for tourists - how fast are prices rising?

Posted by antoniamitchell on 11/7/2015 at 04:52

Hi, I was watching a Migrationology video today about visiting Georgetown, and Fort Cornwallis now charges 20 RM per visitor for non-Malaysians, and 10 RM for Malaysians (a pretty steep amount, considering there isn't really that much to see at the Fort). When I visited 4 years ago, it was 2 RM per person. A tenfold increase in 4 years seems remarkable, so it got me curious. I'd expect food and transport prices to rise slowly, as those commodities are mostly consumed by locals, and I'd expect ...

Viewed 8,456 times, with 8 replies.

Need some advice!

Posted by ChristD on 8/4/2014 at 15:38

Hi guys, Basically, I'm off travelling for around a year at the end of this year. My problem is that I don't know how to tell my work I'm going, do I tell them now or just let them know when I hand in my notice? The reason I'm hesitant is because there's already been a few redundancies in my company, and I don't want to give them a reason to get rid of me! Another reason is that I'm hoping to accrue my holiday pay (by not taking many days off before I leave) so that I can get it paid to me i ...

Viewed 9,283 times, with 10 replies.

Good PrePaid Card, Credit card or Debit Card (from UK)...?

Posted by lukusmaca on 28/5/2013 at 16:47

I'm based in the U.K and am travelling Asia for about 9 month to a year? I'l be starting in Nepal and then down through India, eventually making my way over to Thailand, Cambodia and Vietnam. I'm looking for a good Prepaid Card or Debit Card. And might be tempted into taking a Credit Card for emergencys. Can anyone recommend any good value cards? I'm very new to this and dont want to be caught out on all the hidden fees. Thank you ...

Viewed 13,084 times, with 6 replies.

Counting the wrong pennies

Posted by somtam2000 on 20/4/2015 at 18:51

An extract from this week's newsletter: "Everyone has a budget. It might be $20 a day or $200 a day, but everyone has one. When I travelled in the US and Canada I had a low daily budget (Hello Motel 6!). When I went to visit Niagara Falls though, the admission (I can't remember what it was) would have blown my budget for that day, so I didn't go. That was stupid. Many years later, in a remote part of Vietnam, I had the opportunity to buy some exquisite hand-made cloth for about $100. My ...

Viewed 5,535 times, with 1 reply.

Cheap football (soccer) shirts and packages home

Posted by Connal on 30/10/2014 at 06:54

Hi guys, So I'm off round SEAsia in a few weeks, and as an avid football (the beautiful game, not handegg) fan I'd love to get some cheap shirts out there. What I'm wondering is what the availability and cost of footy tops is out there, having never been before myself? And how much it costs, and how easy it is, to send packages back home (UK)? Cheers! ...

Viewed 5,856 times, with 1 reply.

Charles Schwab (ATM) or a Credit Union

Posted by thatvaletguy on 26/10/2010 at 22:51

Anyone have any luck with using a Credit Union or something similar like Charles Schwab to withdraw money from ATMs overseas (especially Thailand)? I've read similar forums but I have more specific questions. Who wants to pay the extra 150b anyway? A. I've contacted Charles Schwab and they said there is no ATM fee overseas AND they cover any ATM fee that the ATM charges you. How do they make their money? It doesn't seem feasible. B. Is the currency exchange fee charged by my bank, or the bank ...

Viewed 9,636 times, with 4 replies.

Money help

Posted by hanb on 3/4/2014 at 14:40

Hello, I'm after some advice if possible! I'm not sure how to go about spending whilst travelling. I am, excitingly, planning a 5 week trip to SE Asia next month. I'll be flying from UK to Thailand and then making my way through Laos, down through Vietnam and through Cambodia back to Thailand. I've never been travelling before and I don't really know how best to spend whilst I'm out there. So there's 4 different countries and currencies. I don't want to take all that cash away with me and my ...

Viewed 6,472 times, with 2 replies.

Thailand in 2014 Baht per day to spend

Posted by kappy on 22/3/2014 at 18:54

Hello all, Interested in your thoughts on how much baht per day may be needed? ( 13 days ) Lodging is already paid. A modest figure, in the middle from budget to extravagant. Probably will take a smaller airline to visit the Northern section and might need lodging for two or three nights, and the rest of the trip public transportation of some type. Thanks ...

Viewed 49,346 times, with 9 replies.

Travelling Thailand on 250B a day

Posted by somtam2000 on 14/10/2008 at 11:16

I read a good post over on Travelblogs the other day talking about travelling for $5 a day and it reminded me of a post I made on the Lonely Planet Thorntree back in June 2005 on this very topic. So in these times of economic calamity, here's some pointers for travelling on the cheap in Asia. Thorntree regulars may recall the lively thread some time ago about the best ways to save (scrimp) on expenses while travelling... well last night in Betong, I met the real deal, a live specimen of th ...

Viewed 37,034 times, with 14 replies.

Avoiding ATM fees using Global Alliance bank ATM's

Posted by busylizzy on 31/1/2014 at 16:35

As a New Zealander, I normally have to pay NZD $7.50 - $8 on ATM fees for each withdrawal. This is frustrating, especially when in countries that limit the amount that you can withdraw per transaction (eg Laos) or add their own country-specific ATM fees (eg Thailand). It is also frustrating to continually hear how US residents can get access to banking facilities in the US that refund all international ATM fees (eg Charles Schwab) . I have recently discovered (how did I miss this?!) that West ...

Viewed 13,797 times, with 4 replies.

Kasikorn Bank

Posted by mic59 on 6/2/2014 at 16:16

I've been told that you can take cash to Thailand and open a Kasikorn bank account. This has the advantage of not costing you fees initially or forex fees when you withdraw money from the account. Is this correct? ...

Viewed 7,175 times, with 5 replies.

Safest and best way to take money...

Posted by LauraAndLee1 on 7/3/2013 at 08:30

Me and my partner are travelling south east asia in September for three months, we are unsure what the safest and best way is to take our money. Could anyone give us some tips? We are travelling to Thailand, Vietnam, Singapore and Malaysia. Thank you ...

Viewed 10,041 times, with 5 replies.

New US $100 dollard bills

Posted by DSawyer on 10/12/2013 at 09:09

Hi All, Was just wondering if anyone knew how countries in S.E.Asia are accepting the new US $100 bill notes as opposed to the older ones.I know very often bills are rejected because of damage or because they were older designs...well now the New US bills are making their rounds and I wanted to know if anyone had any run ins or problems with the new or old bills... Thanks in advance! Doug ...

Viewed 5,258 times, with no replies.

Planning a route, money involved.

Posted by UKTravels on 25/11/2013 at 01:44

Hey, I'm new on here so not sure how it works and where things go, so sorry in advance lol ! I'm currently saving for a trip through Asia. The route I want to take is Japan > Korea > Bali > Borneo > Bangkok.. then from Bangkok work my way through Cambodia, Vietnam and Laos, then spend maybe 5 month in Thailand. Half of which I will be spending at a Muay Thai camp. I have this idea of doing my travels through the south east on motorbike, but I'm traveling solo so i would have to na ...

Viewed 6,298 times, with 2 replies.

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