Holiday Money Expert Shares Strategies to Safeguard Cash While Traveling Abroad

Keep Funds in Separate Locations

Travelers heading overseas this summer are urged to adopt proven methods for protecting their money, according to financial adviser Ruth Lawes, who spoke on Friday, July 3, 2026. Lawes, a specialist in holiday finance, highlighted simple steps that can prevent theft, loss, or fraud during trips abroad.

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Lawes explained that many vacationers overlook money safety until a problem arises. She said that careful planning before departure can dramatically reduce the risk of losing cash or having cards compromised. By diversifying payment methods and using secure storage options, travelers can enjoy their holidays without financial worries.

Lawes recommends splitting cash, cards, and digital wallets across multiple secure spots. Carry a modest amount of local currency in a concealed pouch for daily expenses, while storing the bulk of cash in a hotel safe or a locked suitcase. She added that having a backup debit card in a different bag can provide a lifeline if the primary card is lost or stolen. This approach limits exposure and makes recovery easier.

Can Technology Protect Your Money on the Road?

Lawes pointed out that modern banking tools can add layers of protection. She suggested enabling instant transaction alerts, which notify users of any unauthorized activity within minutes. Additionally, using contactless payments reduces the need to handle physical cards, lowering the chance of skimming. Lawes also urged travelers to download their bank’s mobile app before leaving, ensuring they can freeze or replace cards remotely if necessary.

The consequences of neglecting these precautions can be severe. A stolen wallet may lead to costly replacement fees and disrupted travel plans. Moreover, unauthorized charges can damage credit scores and cause stress far from home. Lawes concluded that a few minutes of preparation can safeguard both finances and peace of mind, allowing vacationers to focus on sightseeing and relaxation.

Frequently Asked Questions

What is the safest way to carry cash while traveling? Carry a small amount of cash in a hidden travel pouch for immediate needs, and keep the remainder in a hotel safe or locked luggage.

How can I quickly block a lost or stolen card abroad? Use your bank’s mobile app or call the emergency hotline to freeze the card instantly; many banks also offer a one‑tap replacement service.

Are contactless payments more secure than chip‑and‑pin? Contactless payments limit physical card exposure and generate unique transaction codes, making them harder to clone than traditional chip‑and‑pin methods.