When you're travelling, especially in out-of-the-way locations that might be ATM-free or have shops with cash-only policies, cash is the way to go. Protect yourself with the multi-stash method of cash carrying.
Photo by Public Domain Photos.
At the finance and frugality blog Wise Bread, they've put together a guide to travelling safely with cash. Important, among their tips, is the art of keeping your cash securely on your person using the multi-stash method.
Carrying all your cash in one place (usually a wallet) puts you at the biggest risk of losing the whole enchilada if somebody lifts (or if you lose) your wallet. In addition, when you whip out your wallet to pay for something and are sifting through large amounts of money, you will immediately become a formidable target for theft.
So carry your cash in a few different places. Put the day's spending money in your wallet (this can also be an effective budgeting technique), and then stash some cash in a few other places which you don't access in public; maybe a money belt, lock some in your luggage (an unlikely place like with your dirty clothes is good), and/or put a few emergency bills in your shoe (underneath the insole is great).
I tend to carry emergency cash in a special pocket underneath my clothing, so if I lose everything, I still have some cash to get me out of whatever bind I may have found myself in.
It would certainly take a mugger dedicated to his craft to insist on checking the sweaty insoles of your shoes. Have a favourite tip or trick for keeping your cash secure while travelling? Let's hear about it in the comments.
How to Get and Carry Cash Safely and Securely [Wise Bread]