One of our writers recently got their bag stolen in China, if you’re planning to travel this summer, there are some important do’s and don’ts when it comes to protecting your personal finances.


Do invest in a money belt – Money belts can be a discreet and safe way of storing ready cash. Remember not to count your cash or reveal your money belt in a public place.

Do carry a credit card in case of emergencies – Most credit cards are accepted internationally and often offer spending protection which many debit cards do not.

Do clean out your wallet before travelling – Leave anything you won’t need, such as NUS or matriculation cards at home. Lightening your wallet means more room for the essential items and keeping things simple.

Do pay close attention to your surroundings and personal belongings – Subway systems can be unfortunate hotspots for pickpockets. Use caution on public transport and in crowded areas.

Don’t leave your wallet or purse in your hostel – Never leave your personal belongings in your hotel, unless there is a safety deposit box in your room, or a locked luggage room.

Don’t withdraw cash at an ATM using your credit card – Not only are you likely to be hit with standard credit card withdrawal fees, but you may also incur additional fees for foreign transactions, as well as hidden retail fees.

Don’t take more than 1-2 day’s cash out with you at any time – Take only as much money as you’re likely to spend in any given day. Carrying more is an unnecessary risk.

Don’t leave put your wallet in your back pocket – A common sense tip, but one which is often ignored. Make sure your cash isn’t visible or accessible to anyone but you.

By following these simple guidelines and using your intuition you can protect your hard earned cash, and make the most of your study break.

students‘Image created by Ulster Bank

 Now you know how to keep your money safe, take a look at where to travel as a student.