How to save money by traveling abroad?

Compared with domestic travel, overseas travel is the easiest way to spend money, and transportation costs alone are inevitable. So, how can we save money? Shopping, of course. So, today, Bian Xiao will tell you how to save money by traveling and shopping abroad!

(1) Plan the foreign exchange reasonably in advance.

After you determine the country of your trip, you will always carry the cash of the country of your trip. Therefore, you should change cash at home in advance, and don't wait until you go abroad to find a bank to change it.

In the process of exchange, we have to do more work. We can check and compare the exchange fees of different banks through internet tools such as mobile phones and computers, and try to find banks with less exchange losses to exchange more cash.

Use credit cards as much as possible.

Before traveling abroad, you can get an international credit card in advance. The exchange rate of credit card consumption is lower than that of personal remittance, so you spend the same value by swiping your card and pay less.

(3) Try to use the currency of the country of travel.

The United States uses dollars and Australia uses Australian dollars. If the currencies of other countries are used, there will be exchange losses in the middle. Therefore, try to use dual-currency credit cards that can be settled directly in RMB in tourist countries and at home. After spending in the currency of the tourist country abroad, you can pay the bill directly in RMB when you return home.

(4) Using UnionPay network skillfully.

At present, many countries have channels for UnionPay payment. When you are in consumption abroad, try to pay by UnionPay, so that the local currency can be counted as RMB according to the foreign exchange rate of the day.

Then you can pay back the money in RMB, so there is no problem of purchasing foreign exchange for repayment. At the same time, it is also important to save the conversion cost between different currencies (1.5%-2%).

5] Use traveler's checks.

Apart from cash, credit cards and bank cards, foreign currency traveler's checks are the second most commonly used way of overseas travel. Foreign currency traveler's checks are safe to carry, permanent and effective, with fixed face value and convenient to use. More and more people use it.

Electronic traveler's checks, which are popular in recent years, can be recharged at home and then swiped or cashed abroad. It is safer, more convenient and cheaper than credit cards, and the amount is unlimited. Especially when spending abroad, electronic traveler's checks may be the most suitable choice.

[6] Carefully identify duty-free goods.

Traveling abroad, tax exemption and tax refund are often mentioned, but some small details are not clear to everyone, and these details are often very critical. Only by knowing them thoroughly can you not spend too much money in vain.

Duty-free goods also include taxes and fees.

In the impression of many people, duty-free goods are the "naked price" of goods, and there is no tax except the price of the goods themselves. In fact, there are many taxes and fees contained in commodities, such as import tax, consumption tax and value-added tax.

In some countries and regions, local construction or welfare expenses will also be included in the goods.

Shopping in duty-free shops can also be refunded.

Is there only one option for tax exemption and tax refund? Of course not. First of all, the tax exempted or refunded by the two is completely different. Exempt from import duties and refund consumption tax and value-added tax. This part of the tax rate is usually not high, mostly concentrated in 5%~20%.

From the name of the store, we can easily distinguish between duty-free shops and tax refund shops. DUTYFREE is a duty-free shop and TAXFREE is a tax refund shop.

Duty-free goods in the same area may have the same price, but the prices are different.

Although there are fewer merchants selling duty-free goods than ordinary merchants, the operation of duty-free goods is not monopolistic, especially in many foreign regions.

Even in China, many businesses can be found in major airports and other duty-free zones, such as Japanese, China and DUTYFREE. There is competition among these enterprises. So although they all sell duty-free goods, the prices are the same as ordinary goods.

Due to the differences in cooperation with suppliers, their own sales channels and sales strategies, different agents often have different pricing for the same commodity. Therefore, it is equally important to shop around for duty-free goods.

During travel, there are actually many opportunities to buy duty-free goods, such as duty-free shops at the airport, duty-free shops in the city, duty-free goods sold on cruise ships or planes. So it's best to compare before deciding to buy.

There are also tax shops in the duty-free zone.

Duty-free shops at international airports are usually important areas for shopping. When you leave the country, you enter the country without going through the border inspection. Passing through a so-called duty-free zone is actually customs clearance. You can basically see all kinds of duty-free shops around here.

However, this does not mean that all enterprises in this area sell duty-free goods. Customs clearance is just a geographical term. Many commodities can enjoy preferential import and export tax policies here, but not all commodities are tax-free.

Duty-free shops usually have obvious signs. The goods in duty-free shops are duty-free, while the goods sold by other businesses are not much different from ordinary stores, and sometimes even more expensive, because airport stores generally have no discounts or promotions.

Therefore, when shopping at the airport, we should carefully distinguish between duty-free shops and tax shops.

[6] Description of other money-saving strategies

Traveling abroad, taking less cash and shopping more by credit card, saving money is one aspect, and the most important thing is personal safety. Note that the amount of foreign exchange purchased for overseas travel is $5,000.

In addition, it is especially gratifying to go abroad and communicate with family and friends at home. For mobile internet access or telecommunications, it is suggested that it is more cost-effective to buy overseas and foreign local mobile phone cards on site, and the cost is much cheaper than the international roaming fee opened in China.

You can buy some souvenirs after going abroad, but you should also pay attention to the quantity. It will be very troublesome for you to apply for a tax refund, and it will cost a lot of money. In fact, after returning to China for a few days, you will feel that some things are unnecessary.