Get a local Sim Card

 First thing I do after landing in a foreign country is to buy a Simcard. Bring your passport when you buy the simcard. It is mostly required. This is much  cheaper then roaming or buy an offer from your own provider.

In Sweden you can use this one

COMVIQ

Withdraw money with or without conversion rate?

I did a withdraw from an ATM in Bangkok, Thailand. How to do it.

1. Enter PIN

2. Select english

3. I withdrew from debet, you can choose credit as well.

5. Select amount

6. Select WITHOUT conversion rate

Why? because the rate is better

In my case i paid 220 TBH in fee plus rate. 

I bought 7 000 TBH and I paid 2 433 sek(swedish crown), with conversion rate it would be 2 509 kr. A difference of about 3,1%. About 6 Euro, 6 USD, 6,80 GBP, 46 CNY.

Money saved

What is conversion rate

In the context of an ATM, a conversion rate is the ratio of one currency to another that determines how much local currency you will receive for your withdrawn amount. When using a foreign ATM, you will often be presented with the option of using the ATM's Dynamic Currency Conversion (DCC) rate or letting your own bank perform the conversion at its own rate. It is almost always more cost-effective to decline the ATM's rate and let your bank convert the currency, as the ATM rate is often worse and includes a profit margin for the ATM operator. 

Get a travel credit card

If you’re a frequent traveler, a travel credit card can help you to save a lot of money on your trips. Travel credit cards often offer great perks such as free travel insurance, access to airport lounges, and points that can be redeemed for flights, hotels, and other travel-related expenses. Do your research to find a travel credit card that best suits your needs and make the most of all the perks and benefits it has to offer.

Never get of the market

My favourite financial quote

"Never get out of the market" (Peter Lynch)

All you need to know?

Be careful trying to time the market