Monday, 10 April 2023 15:32

On vacation, the financial before and after

Written by Evelyn Alas

Surely you have everything ready to start your vacation trip: suitcases, tickets, reservations... But, have you thought about your finances? Yes, that little detail you need to pay constant attention to, and if you are going on vacation, a little more.

Before...

Your cards: if you are going abroad, inform your banking institution where you are going and for how long. This way, any strange movement will be identified and you will be notified. Don't forget to bring the bank's information (telephone, branch number and e-mail address), for anything that is offered to you.

All-inclusive: you can contemplate your reservations under this feature and thus, not worry about extra payments at the hotel or with meals, for example. Check different options and packages according to your travel needs.

Shared expenses: plan among friends, share expenses. Yes, talk it over and decide who would pay for transportation, food, lodging, etcetera. Another option is to calculate a budget and divide it by the number of people going on the trip. If you choose the latter option, assign who will be in charge of managing the money.

Your property: although it may not seem important, before leaving on vacation, make sure your home is protected. Lock your doors and windows, unplug your electronic devices and put jewelry and money away. You can look for some home insurance.

After...

Account statements: as soon as you receive your account statements, review them. Make sure you don't have any extra charges. If so, go to your branch to clarify the problem.

How much did I spend: ask yourself this question upon your return. Analyze how much you spent and check if you exceeded your budget or if you managed to stay within what you planned.

Save: yes, start saving for your next vacation, you could set a bigger goal.

 

Translated by: A.M