I’ve always received numerous travel-related questions from readers of The Travel Hack, but last week, I got one that really stumped me. It was a question I felt I should instantly know the answer to: “What’s the best way to manage your money while traveling?”

Given how often I travel, this seemed like something I should have down pat!

I started with a trusty Google search, thinking I’d quickly find the answer. However, after spending hours researching, I found myself even more confused about the best way to handle money abroad.

Personally, I usually exchange a small amount of cash at the Post Office before I leave. This covers taxis and any immediate emergencies. Then, I withdraw cash using my regular debit card from an ATM. I try to use ATMs that don’t charge fees, but that isn’t always possible.

Using this method is straightforward and convenient, but I know I’m probably losing money due to unfavorable exchange rates and withdrawal fees. During my trip to the US, I was paying up to £4.50 per withdrawal because both my bank and the ATM charged fees.

After asking around, I discovered that everyone seems to have their own method for managing foreign currency. Some people use pre-paid travel cards, others prefer bank accounts that don’t charge fees (even if it means switching banks or opening a new account). Some stick to cash, while many rely on credit cards. So, which method is best?

I’m reaching out to you for advice. How do you manage your money while traveling? Share your thoughts in the comments below—hopefully, one approach will emerge as the best solution!