finances
Decide with your son or daughter how to access money for both everyday financial needs and emergencies. Certain monetary instruments may be preferable in certain destinations, so ask your program provider for more specific recommendations. Generally, it's important to ask your bank how (or if) its ATM card will function abroad and what extra fees there might be. A personal credit card with cash advances or traveler's checks could also make sense. Then, make arrangements to pay any monthly bills.
Be sure to discuss a budget with your child as well, especially if this is their first time managing money on an independent travel experience.
You should also discuss the topic of exchange rates. To get an idea of the most current rate of exchange in your child's host country, go to www.oanda.com.




finances