Budget Tips for Backpackers in Australia

Every year, Australia welcomes many backpackers from all over the world to its shores. Smart money management can help you get the most out of your stay in Sydney.

Switching to a low-interest credit card before the start of the trip can be a good idea – if you encounter unexpected costs during your trip, you’ll be able to keep your interest payments as low as possible. You can use your card as an emergency buffer.

It can be a good idea to finalise Australian currency before leaving, to avoid potentially higher currency fees upon arrival. Shop around before your trip to find a more competitive rate and take advantage of it if available.

Make sure you have a range of payment options available during your trip. Emergencies can happen at the most unexpected times, so having access to cash or payment solutions can keep the stress to a minimum in these situations.

Accommodation can be a major part of your budget. Try to plan and book accommodation before you arrive for that extra degree of security and peace of mind.

Source: http://aussiebackpacker.com.au/2013/03/money-advice-for-the-backpacker-in-australia/