Diana Clement: Avoid financial fish-hooks when travelling

Am I the only person who gets nervous about losing money when I travel?

I worry that my insurance won’t pay out, money on my travel cards will disappear, my flights will be cancelled with no comeback, a volcano will erupt and I’ll be caught by the fine print, I’ll miss a connection, someone will rob me of all of my cards and passport. Don’t even get me started with the “what if my flight is cancelled due to a pandemic” question.

READ MORE:
• Premium – Diana Clement: Improve your financial future
• Premium – Diana Clement: Who stole my KiwiSaver?
• Premium – Diana Clement: How to make every dollar count
• Premium – Diana Clement: 15 things I have learned about personal finance

Travel does come with financial risks. Armed with knowledge, you can avoid some of the more common ones.

Travel cards
These cards, loaded with foreign currency, are convenient but usually come with poor exchange rates, high fees and convoluted terms and conditions. Both…