According to the U.S. Travel Association, in 2015, Americans spent $110 billion traveling overseas. If you are planning to see the world this summer, and want to save some money while doing it, avoid these travel traps when you venture out of your backyard.
Cash is Still King
If you plan to travel outside the United States, you will need some local cash. While it’s smart to pay for hotels, car rentals, and most restaurant meals on credit cards, keeping some cash on hand for little things like tips and coffee makes it easier to travel light. You can also avoid foreign transaction fees at ATMs if you bring cash from home. The best place to exchange currency is not at the airport, or even your bank. You can save 5-10% in transaction fees by taking the online route, on sites like travelex.com.