Who doesn't love traveling abroad? Holidays are great moments to spend time with loved ones or for healing. But did you know that while on vacation you may have to shell out some unexpected big expenses? Especially if this is your first time traveling abroad, let's make sure you prepare enough money so that your vacation will still be fun until it's time to return to your homeland.
First-Time Travellers, What Should You Prepare Money for?
You must have saved money to buy souvenirs, meals and snacks. You must have prepared money for transportation and a place to stay as well if traveling without a tour.
But, don't forget these big expenses. Even though maybe you won't have to spend money on them, it would be nice and wise to be prepared for everything.
1. Excess baggage fees
You love local specialties so much or you have so many friends and family back home that you want to bring gifts that you buy everything. Keep in mind that each passenger has been given the maximum baggage allowance. Each airline has different regulations. If your baggage is overweight, you will have to pay an excess baggage fee. And, the cost is not cheap to many. Excess baggage fees also depend on the policies of each airline.
2. Sudden weather change
For your first vacation abroad, you choose a tropical country. And thus, in your suitcase are only a few pairs of T-shirts and shorts. But the day after arriving, the weather changes and it starts to rain. You didn't predict this beforehand so you didn't bring a raincoat or umbrella at all. This is why you have to spend money. If you don't have extra money ready, then you most likely have to dip into the funds that you have prepared for snacks or souvenirs to be able to adapt to the weather.
3. Emergencies
No one can know when an emergency will come. Even while on vacation, we can experience something unexpected. For this we must always be on guard by preparing extra funds. You or a family member may suddenly fall ill and have to be hospitalized. You may have anticipated by buying travel insurance. But what if the emergency situation is not included in what is covered by insurance?
4. Spontaneous activities
Wouldn't your vacation be more exciting when you fill it with spontaneous activities? For example, when you have free time, instead of spending time in a hotel room, you can visit an event or tourist attraction that is not in the itinerary. Of course, spontaneous activities like this may require money to be enjoyed. It could be that you have to pay for the entrance ticket, which is not necessarily cheap.
Prepare Money for Unexpected Expenses in Jago’s Term Deposit
How is it possible to save it in a deposit for unexpected expenses? What's more, during my trip abroad, how can a deposit be useful if I need to come to a bank branch to withdraw it? And doesn’t it take time to process the disbursement?
If you have the money ready in the Term Deposit, then you don't need to worry about the questions above. Creating and withdrawing a Term Deposit can be done directly through the Jago application on your smartphone as long as there is an internet connection.
The money in your Term Deposit will go directly to the Main Pocket as soon as you make a withdrawal, so you can use it right away.
Even better, you can withdraw your Deposit early without having to pay any penalties. If you don't need or use the money at all, then you can keep the money in the Deposit until the next vacation.
Other Alternatives: Saving in Jago Pocket and Bibit
For those who prefer to save little by little, there are alternatives to prepare extra funds for unexpected expenses while on vacation abroad. You can use the Jago Pocket.
Create a new Saving Pocket then lock the pocket so that the money that has been prepared is not used for other needs such as daily shopping, snacks, etc. The Saving Pocket can be locked for as short as 14 days. You can estimate how long to lock the Saving Pocket so that when it is time for your vacation, the Pocket is unlocked and the funds are ready to be used if needed.
To grow savings on unexpected expenses while on vacation abroad, you can also save money at Bibit. Jago together with Bibit created a digital ecosystem that makes it easy for you to save money hassle-free and regularly. Link your Jago and Bibit accounts to enjoy free Bibit top-ups, save regularly at Bibit with the Jago Autodebit feature, withdraw mutual funds directly to your Jago Pocket, and many more.
Jago Visa Debit Card for Cashless Transactions While Abroad
Jagomin has 1 more tip to make you more comfortable while on vacation abroad. Prepare a Jago Visa Debit Card so you can tap or swipe it when you buy snacks, souvenirs or anything you want. The Main Pocket can be used as a source of funds, as well as the Spending Pocket.
If you have a Saving Pocket for unexpected expenses, just change the function of the Pocket to a Spending Pocket and then link it to the Jago Visa Debit Card. More practical right? It's also safer because you don't need to carry too much cash or feel the hassle of exchanging money at a money changer.
Ready to enjoy your first vacation abroad? Don't forget to share your seamless experiences when making transactions overseas with Jago and tag Jago's official social media accounts.
