Planning a trip to Mexico? One of the first things you’ll wonder about is how to handle your money. Do you bring a lot of pounds, rely on your credit card, or try to find the best exchange spot? Below you’ll find down‑to‑earth advice that helps you keep more of your cash in your pocket, avoid nasty surprise fees, and enjoy your holiday without worrying about the next dollar.
First off, skip the airport kiosks – they charge the highest rates. Instead, use a reputable bank or an online service like Wise before you leave. Transfer the exact amount you think you’ll need to a Mexican bank account or a multi‑currency card. The exchange rate is usually spot‑on and the fees are low.
If you prefer cash on arrival, the cheapest route is an ATM in a bank, not a stand‑alone machine inside a tourist zone. Look for ATMs that show the local currency before you insert the card; the machine will automatically use the Visa/MasterCard rate, which beats the “dynamic currency conversion” offered by many machines. Keep a limit of about £500‑£700 in cash – enough for tips, market stalls, and places that don’t take cards, but not so much you risk losing it.
Credit cards work well in hotels, restaurants, and larger stores. Choose a card with no foreign transaction fees and let it charge in Mexican pesos to avoid extra conversion costs. Notify your bank of your travel dates; a quick call prevents a frozen card when you finally need it.
When you’re out exploring, ask locals where they pay. Street tacos, small cafés, and market stalls often prefer cash, and they might even give you a discount for using it. For bigger purchases – souvenirs, tours, or car rentals – pay with a card if you can. Cards offer protection against fraud, and you’ll have a clear record for budgeting later.
Watch out for hidden fees. Some restaurants add a 10‑15% service charge on top of the bill; they usually note it on the receipt. If it’s not stated, politely ask before you pay. Also, be careful with “tourist” exchange houses in popular spots – they might offer a tempting rate but tack on a hidden commission.
Finally, keep a small emergency stash in a separate place, like a hidden pocket or a money belt. In case of lost cards, you’ll still have enough to buy a ticket back home or get a replacement. And remember to check the latest exchange rate on a reliable app each morning; it helps you spot a good deal when you’re ready to exchange the last bit of cash.
With these simple steps – plan ahead, use low‑fee cards, pick the right ATMs, and spend cash where it’s valued – you’ll stretch your budget and enjoy Mexico without money worries. Happy travels!
Wondering how much cash you actually need for a two-week all-inclusive trip to Mexico? This article breaks it down so you won’t overpack your wallet or get caught short. From tipping and souvenirs to off-resort adventures, get real advice on planning your spending money. No sugar-coating—just the facts you need for a better getaway. Maximize comfort and fun without unnecessary expenses.