Vacations can recharge your batteries for sure. They bring you into contact with the warm waters of Maui, steaming plates of noodles in Sicily, and rock climbing in the desert. And sometimes, they also bring with them their share of emergencies, including financial ones. But financial hardships don’t need to ruin your fun. The best thing you can do is to plan ahead: If some unforeseen event does strike your wallet, you’ll have a game plan. And more importantly, you’ll be able to get back to your vacation as usual.
Bring Along Your Credit Card
Bankrate.com suggests that you make all your purchases via credit card. Not only does this leave you with a paper trail of all of your actual purchases, it provides a safeguard against fraudulent purchases. If the unthinkable does happen, the built-in protections of the credit card guarantees that you won’t get caught holding the bag.
Before you leave on vacation, let your bank know you’ll be traveling, especially if you’re traveling out of the country. That way your trip to Borneo won’t tip your bank off. Conversely, if your card is stolen, the bank already knows that you’re out of the country. Additionally, make sure that you have a contact at the bank to talk to in the event of an emergency.
Finally, make sure that you check your card balance regularly while you’re on vacation. Alert your bank should anything go awry.
Getting a Replacement Credit or Debit Card
Should you lose your card, you need to know what you’ll do about it. PocketGuard.com suggests that you contact your bank. You can then make arrangements for a duplicate card to be sent to your hotel if you’ll be staying for a while or to the nearest embassy in your next city if you’ll be leaving.
You can also bring along a back-up card. If you do this, make sure it’s not kept in the same wallet you plan on carrying around. Ask the hotel personnel to lock it in the safe. This will give you instant access to cash. That said, you will still want to contact your lending institution about the lost or stolen card to stop additional charges from being made.
Get Friends or Family to Wire You Cash
Getting money wired to you is possible no matter where you are in the world (or just about.) Western Union and other companies like it have offices around the globe. These are often in the main parts of a city and usually have evening hours to give you more flexibility.
If you’re worried about inconveniencing friends or not having the money to pay them back should you need to, go ahead and make a plan for that as well. As is often the case, your vacation can drain your funds even under the best of circumstances. If this is your worry, consider looking into alternative sources of financing when you get back home. Car title loans are a good option in this case. Chances are you won’t have to exercise this option, but knowing that you have it will give you peace of mind should you have to ask someone for money. You’ll know ahead of time that you’ll be able to pay it back.
Traveling should bring you joy. However, it is unrealistic to think that financial problems can’t arise. While that would be ideal and indeed, is often the case, planning for financial emergencies ensures that your vacation is enjoyable no matter what.