International holidays are in vogue these days. As holiday season again arrives, it’s time to hop on a plan to explore those unseen destinations. Well, planning for an international trip in the nick of time can be risky and may leave you panting.
Hence, it’s your responsibility to plan-in-advance and to consider fulfilling a few errands before you kick start your journey.
Apart from booking the tickets or hotel rooms in advance, there are some financial responsibilities to be performed before you pack your luggage. Here’s the quick list of responsibilities you should consider while travelling abroad!
Set up a Travel Budget
It is imperative to have a proper budge in place, irrespective of the place you are travelling to. Making a travel budget is most important especially if you’re travelling abroad. Expenses related to flight bookings, Accommodation, food, sightseeing, shopping, sports activities and so on have to be shorted in advance. Furthermore, when you plan a budget in advance, the reservations or other deals can be bought early and get discounts as well. This, on the other hand, helps you save a considerable amount and helps you avoid the last minute rush.
Consider International Travel Insurance
No matter where are you travelling to, the foremost concern of yours will be to secure the trip, right? As you can’t predict a misfortune while travelling the best way is to prepare yourself. In this regard, international travel insurance offers optimum financial protection against the unforeseen event that can dampen your excitement. Let’s say, the medical costs in foreign lands are exorbitant where a single hospitalisation can hugely affect your travel budget. In such a case if you’re advised to be admitted for a week or so, it’ll certainly cost you an arm and a leg without travel insurance.
Apart from the above, there are non-medical events covered by your travel insurance which may also leave you in a state of bankruptcy. Risks like trip cancellation, flight delay, loss of baggage, trip interruption, theft, loss of important documents etc. are also covered by international travel insurance.
Is Your Home Insured?
If not, do it right away before you leave. In India, very few consider this but insuring precious assets like the house is necessary. It is even recommended by the experts to have home insurance in place if you leave the country for a couple of days or weeks. It assures the complete safety of your house in case any disaster strikes. It helps you set up for the damages caused by the natural calamities such as fire, flood, earthquake and man-made calamities like riot, burglary, terrorist attack etc. with home insurance you can remain stress-free about your asset even if you are away.
Exploring Foreign Currencies is a Good Idea!
Knowing about the currency of the country you’re travelling to is necessary. As Indian currency will not work there, it’s better you arrange for the currency beforehand. There are currency exchange centres where you can convert the currency into the dollar, euro, ruble, yen, baht and so on, according to the destination country. This way you can restrain yourself from buying the currency at an expensive rate in the rush hours.
Keep the Documents Handy
Travelling abroad requires every minute thing to be checked properly. Starting from the flight tickets to other travel related documents should be placed and submitted carefully. Passport and visa are the two most important element of your foreign trip without which you can’t even travel. So keep them safe and handy. You can keep the photocopies of the documents, IDs to avoid a hassle. With advanced technology, you can keep the copies in your Smartphone as well as a back-up in case you lose it. Simple.
Carry Forex Card
No one prefers to carry cash in this digital word. You can carry Forex Card which is safe as well. You will have to get it recharged by the required currency of that particular country and use. Plus point is there is no extra charge, unlike debit or credit card of yours.
Pay the Due Bills in Advance
The last thing that you wish to worry about the electricity bill that is due or the late payment. To avoid such things, pay the bills in advance before the travel date. This way you can also avoid the late fine as well and enjoy the most anticipated trip to the fullest.
Let the Banker know about Your Plans