Picture this – you’re on vacation, enjoying the sun and sand, or maybe the snow, in some foreign land. You brought some cash with you but you need more so you go to the ATM and withdraw some spending money. Everything seems to be in good order. Then you get home and realize your bank charged you $5.00 for the privilege of withdrawing that money! And since you were gone for a while, and had to make multiple withdrawals, these transactions really added up. I know I’ve been hurt by this before. When I went backpacking for three months in 2010, I spent over $100 on foreign ATM fees to withdraw money throughout my trip. The kicker – had I done some research, this could have been entirely avoidable! In today’s post, I’m going to compare the foreign ATM fees charged by all the big five Canadian banks, and highlight a few alternative options as well. With a little insight and planning, you can go abroad and spend your money the right way – enjoying your trip!
As people find increasing opportunities to be frugal, I hear more and more stories about people who advocate price shopping when it comes time to buy anything. What do I mean by price shopping? I mean shopping at the place that offers the product you want at the lowest price. In some cases, where you are making a one-time purchase such as an electronic device, this can make sense. But, in the case of buying groceries, going to multiple grocery stores to take advantage of sales on different items is a complete waste of time and resources.
Have you ever lied to get a deal? Even just a little white lie or a fib? This is a topic that has always fascinated me. To what lengths is it ok to go in order to get a deal or save some money? What is taboo and what is acceptable? What am I talking about? Why are all my sentences in the form of questions? Sorry, I got carried away there for a second. Let me give an example.