October 2, 2023 | Sammy Tran

Travel Smart: How to Protect Your Money on Vacation


How to Keep Your Money Safe While on Vacation

cash and shocked woman split image

Tourists often find themselves as prime targets for theft, with studies suggesting that 1 in 4 travelers has been a victim of crime on vacation. Money and valuable belongings attract the attention of criminals, with approximately 400,000 pickpocketing incidents occurring globally every day.

Popular tourist destinations like Barcelona and Rome are infamous for such thefts. Moreover, a study by MoneySuperMarket discovered that about 23% of holidaymakers experienced loss or theft of money, with 21% facing issues related to stolen or lost cash.

These alarming statistics highlight the need for tourists to take extra precautions to safeguard their money and valuables while on vacation.

Here’s a comprehensive guide on how to keep your money safe while enjoying your vacation, allowing you to relax and make the most out of your getaway.

Use Hotel Safes

Safe for cashalexkich, Adobe Stock

Hotel safes are provided to secure your valuables when you’re out exploring. Never leave cash, jewelry, or important documents lying around in your hotel room. Use the safe, and ensure it's properly locked before you leave.

Invest in a Money Belt or Travel Pouch

A tourist money beltMichael O'Keene, Adobe Stock

A money belt or travel pouch worn under your clothes is a discreet way to carry essential items like cash, cards, and passports without drawing attention.

It’s less accessible to pickpockets and provides easy access to your belongings without having to rummage through bags.

Be Mindful at the Beach

Vacations Turned Nightmares factsFlickr, Derek Holtham

Leaving your belongings unattended at the beach is an invitation for theft. Consider waterproof pouches or containers to carry essential items with you while swimming.

Alternatively, designate someone to watch over belongings if you’re in a group.

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Carry Limited Cash

Man taking money out of a walletKarolina Grabowska, Pexels

Carry only the amount of cash you anticipate needing for the day, and leave the rest secured in your hotel safe. This minimizes potential losses in case of theft or misplacement.

Use Credit or Debit Cards Wisely

woman hand holding credit carddean bertoncelj, Shutterstock

Cards are a safer and more convenient alternative to carrying large amounts of cash. However, notify your bank of your travel plans to avoid any unexpected card blocks, and be vigilant for card skimmers at ATMs and point-of-sale terminals.

Distribute Your Money

Money in sockCatalin Pop, Adobe Stock

Don’t keep all your money in one place. Distribute it among your luggage, pockets, and bags. If one stash is lost or stolen, you’ll have others as backup.

Be Wary of Public Wi-Fi

couple unpacking at a hotel roomMiljan Zivkovic, Shutterstock

Cybersecurity is as important as physical security. Avoid accessing sensitive information or conducting financial transactions over unsecured public Wi-Fi networks to prevent data theft.

Use RFID Blocking Wallets

Life failuresUnsplash

RFID blocking wallets prevent electronic pickpocketing by blocking unauthorized scans of your credit/debit cards and passports, adding an extra layer of security to your belongings.

Opt for Prepaid Travel Cards

They Can Never Get Over factsPixabay

Prepaid travel cards are a convenient and secure alternative to carrying cash. They can be loaded with a specific amount, and if lost, can be blocked immediately, minimizing financial loss.

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Keep Emergency Contacts Handy

A woman on the phonechinnarach, Adobe Stock

Have a list of emergency contacts, including local emergency services and your bank's helpline, to report any loss or theft immediately. Quick action can prevent further damage in case of mishaps.

Before You Leave

Coworkers in office having a conversation by the windowGaudiLab, ShutterstockBefore leaving, inform a trusted individual about your travel plans and check-in periodically, ensuring someone knows your whereabouts and can act in case of emergencies. Also, familiarize yourself with local customs and scams to avoid falling victim to fraud.

Final Thoughts

A group of touristsNejron, Adobe Stock

Taking preventive measures to secure your money while on vacation is essential in ensuring a hassle-free experience.

By utilizing hotel safes, being mindful on the beach, wisely using cards, and exploring secure alternatives like travel pouches and prepaid cards, you can focus more on enjoying your trip and less on worrying about the safety of your belongings.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


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