You want to travel abroad but you are afraid of not managing your money properly? Setting up and managing a budget is not for everyone, even more so during holidays when everyone wants to disconnect from the real world. And we all know it, it’s difficult to take advantage of it if your wallet is dry… So let’s give you some practical advice!

Draw up a provisional budget and plan your expenses

First of all, it is necessary to establish a budget for your trip. Yes, whether you are travelling alone or with others, it is essential. It allows you to have an idea of the final budget of the trip, in order to check that everyone can afford to leave. And to establish a provisional budget, you need to follow different steps:

choose a destination and estimate a total budget;
● list all the expense items: accommodation, food, transport, equipment, leisure, or administrative;
● make a table to make a provisional budget as accurate as possible;
● add a column for unforeseen events;
● optimize your expenses by adjusting certain categories and reducing certain expense items.

Once this provisional budget has been drawn up, you now need to raise the necessary sum if you don’t have it yet. And for that, there is nothing like making some savings on your daily lifestyle. Yes, because playing the lottery doesn’t work every time…

Find out about the destination and the currency of the country you are visiting

The second essential step is to find out about the country in question: What is the current currency? What is the exchange rate? Will I lose money if I only buy it on the spot? Once you have the answers to these questions, you can then choose to anticipate and order the currency of the country you will be visiting. Otherwise, you can choose to wait until you arrive in unknown territory to change your euros into local currency.

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It is recommended that you go directly to a currency exchange office once you arrive at the airport, in order to compare the different exchange rates offered. However, the new generations use less and less cash, we know. Today, the blue card wins hands down over all other means of payment, whether in France or abroad. So how can you use your bank card intelligently abroad, without incurring exorbitant fees?

Using an online bank when travelling abroad

The third option for managing your money abroad is to use an online bank. These banks are very popular with travellers, as there is no paperwork or hidden fees. More specifically, they are 100% digital services that allow

to create a digital bank account, which is not affiliated with a physical branch. To manage your bank account, all you need is a mobile phone and an internet connection: nothing could be easier! For example, the online bank N26

is 100% digital and allows users to manage their money in real time from their smartphone. They can make mobile payments and even receive a bank card when they open a current account. Want to know more about this digital bank?

N26 was created by a German start-up in 2013 and is now positioned alongside Revolut, the French leader in banking 2.0. This bank wants to be the solution to the problems encountered by travellers or expatriates in managing their current account. Because when you are often on the move, it is not easy to manage a normal bank account, which requires special attention. And so the neobank N26 is particularly suitable for people who travel a lot. New customers can open a current account for free and also benefit from a Mastercard: the only condition is that you must be active. As an added bonus, if you use N26 you can also benefit from 5 free withdrawals every month and an overdraft limit management.

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The neobank offers 3 types of accounts, suitable for all customer profiles:
● N26 You (Black) at €9.90/month;
● N26 Metal at €16.90/month;
● N26 (Business) for self-employed and self-employed.

Travelling abroad: managing your money on the spot and anticipating the unexpected

The last step after making your provisional budget, finding out about the currency and opening a current bank account online, is to manage your money on the spot. And this is not the easiest step! Indeed, if you have withdrawn currency, we advise you not to go out during the day or evening with your wad of notes on you. It is the best way to lose them or worse, to have them stolen! Yes it is known, the pickpockets are very on the lookout for tourists. So we anticipate and we only take on us the amount necessary for the day. And if it is not enough, no stress because you normally opened a current account with N26: You have a bank card at your disposal.

And managing your money well when travelling also means having a reserve in case of worries. No one is immune to problems, whether they are personal, professional or health-related. So to protect yourself from any problem, you put a little money aside just in case. Particularly with regard to health. Our last piece of advice is to take out a travel insurance policy that will cover your health costs

on the spot if necessary. This way, you leave no room for unpleasant surprises or even holes in your budget! <img width=”1024″ height=”682″ src=”×682.jpg” alt=”Online banking N26″ />Banque en ligne N26Online banking N26