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Are you traveling internationally soon and planning to convert currency? Not so fast! We have some important tips later in this email. 

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āœˆļø International Travel: How To Handle Paying in a Different Currency

Traveling internationally this summer (or at any point)? How exciting.

If you’re anything like Clark, you probably make your airfare and hotel reservations meticulously, scouring the internet for the best deal for hours, weeks or even months.

But if you’re not careful, you can give back some of the dollars you save there by making mistakes with how you pay for things once you arrive in another country.

AFAR recently published an article titled ā€œ5 Mistakes to Avoid When Exchanging Money Abroad.ā€ The article echoed many of the items that Clark has espoused for years on his podcast.

Here’s a truncated version of the list:

1. Don’t use the airport currency kiosk to convert your money.
2. Don’t choose ā€œpay in U.S. dollarsā€ when settling bills at restaurants and the like.
3. Find ATMs affiliated with major international banks.
4. Use credit cards that don’t charge international transaction fees (and banks that reimburse ATM charges).
5. Try to avoid exchanging too much or too little cash.

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The series I savings bonds rate just updated to nearly 4%. The big question Clark is addressing today is: Are they still a worthwhile place for your savings? Also, how will tariffs and taxes impact ultra-cheap items at retailers? Clark has a prediction on these goods that may surprise you and your wallet, especially during the holiday shopping season.

ā˜Žļø Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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