Cash was once king. 

When Charles Forman, explmore curator’s parents (Alec and Jan Forman) set off on their overland adventure in 1977, their financial lifelines were physical cash and travellers' cheques tucked away in a canvas pouch. 

Fast forward to today, and we have an arsenal of digital tools: credit cards, debit cards, fintech apps, multi-currency accounts, and AI-driven budgeting software.

But with all these options, managing money on the move has become both more convenient and, in some ways, more complex. 

Let’s explore how the modern overlander can navigate this evolving financial terrain while keeping control of their budget, reducing risk, and embracing the freedom of the road.

Then vs. now – A snapshot of travel finance

In the late 20th century, overlanders carefully planned how much money to bring and where to access it. Delays, stolen cash, or misplacing a cheque could derail an entire journey. The concept of a global ATM network was unimaginable.

Today, while tech has reduced many frictions, the variety of tools means you need a plan to avoid fees, currency issues, and overspending. You're not just thinking about how to spend, but where, when, and in what currency.

Budgeting on the road – Then and now

Old school simplicity

Back in the day, a trip budget was written out by hand in a notebook. Alec and Jan tracked petrol costs, food expenses, and visas with pen and paper. There was no backup if they lost the ledger. But the simplicity meant they were hyper-aware of every monies spent.

Digital budgeting tools today

Now, we have digital tools like:

• Trail Wallet: Designed for travellers, lets you input expenses by location.
  
  
• YNAB (You Need A Budget): Encourages real-time budgeting and goal setting.
  
  
• Splitwise: Great for group overland trips to track shared costs.
  
  
• Monzo and Revolut: Offer in-app budgeting and category spending insights.
  
  

These tools can even send alerts when you overspend or when fees are applied, a far cry from the guesswork of the 90s.

Payment methods for modern overlanders

Credit and Debit Cards

Most overlanders today rely on a blend of credit and debit cards. These cards often come with:

• Travel-friendly features
  
  
• Purchase protection
  
  
• Emergency cash support
  

Tip: Always travel with two different cards (ideally from different providers or networks like Visa and Mastercard) in case one fails or is lost.

Fintech & Multi-Currency Accounts

Fintech platforms like Wise (formerly TransferWise), PayPal, Revolut, and Monzo allow overlanders to:

• Hold multiple currencies
  
  
• Avoid expensive exchange fees
  
  
• Withdraw local currency without sky-high ATM charges
  

These platforms also help you sidestep the trap of “dynamic currency conversion”, that’s when a foreign ATM asks if you want to be charged in your home currency (you shouldn’t always choose local).

Cash Still Matters

In some remote areas, cards and digital payments won’t cut it. Always carry local cash for:

• Border crossings
  
  
• Market purchases
  
  
• Remote fuel stations
  
  
• Tipping or emergencies
  
  

Pro tip: Keep cash in multiple locations, don’t store all your eggs (or bills) in one basket.

Hidden fees and money traps to avoid

• Foreign Transaction Fees: Many banks still charge up to 3% on every purchase made abroad.
  
  
• ATM Withdrawal Fees: Watch for both local ATM fees and home-bank charges.
  
  
• Currency Exchange Booths: Often more expensive than pulling money from a reputable ATM.
  
  

Budgeting tools now allow you to track these small hits, but awareness is your first defence.

Financial safety while overlanding

Losing your wallet or getting your card skimmed in a foreign country can quickly ruin a trip. A few tips:

• Use RFID-blocking wallets
  
  
• Enable two-factor authentication on banking apps
  
  
• Notify your bank of your travel plans
  
  
• Set spending limits on mobile banking apps
  
  
• Keep a backup card hidden somewhere in your vehicle
  
  

Having a small emergency fund tucked away in USD, EUR or GBP can also help in a pinch.

Prepping your budget before you leave

Before you set off on your next overland trip:

1. Estimate your major costs: Fuel, border fees, insurance, lodging, and food.
   
   
2. Add a buffer: For emergencies, mechanical issues, or unexpected fees.
   
   
3. Break it down per day or week: This makes tracking easier with tools like Trail Wallet or YNAB.
   
   
4. Automate savings pre-trip: Use apps like Qapital to set aside funds weekly.
   
   
5. Set financial checkpoints: Monthly check-ins can help keep you on track mid-journey.

Money management on the road: Keeping costs low while traveling

One of the best things about overlanding is its affordability compared to traditional forms of travel. With the right mindset and planning, overlanding can be an inexpensive way to explore the world.

Here are some smart money-saving tips for overlanders:

• Flexible Itinerary: Keep your itinerary flexible so you can take advantage of last-minute deals or cheaper routes.
  
  
• Free Camping: Look for free or low-cost camping options to save on accommodation.
  
  
• Buy in Bulk: Stock up on essentials like water, non-perishable food, and camping gear before you hit the road, as this can save you money in the long run.
  
  
• Track Your Spending: Use apps like Mint or YNAB to stay on top of your expenses.

The overlanding money mindset

Overlanding is a slow, immersive way to travel but its costs can add up quickly if you’re not mindful. From overpriced border fees to eating out every night, it’s easy to burn through cash fast.

But the opposite is also true: when you slow down, shop local, cook your own meals, and camp for free, your money stretches further. Managing money well means more freedom, more time, and more memories.

Freedom comes from financial control

Money should never be the thing that holds you back from the open road. Whether you’re off-grid in Mongolia or parked up on a beach in Portugal, having a solid financial system in place gives you the confidence to keep going.

The overlanders of yesterday carried travellers' cheques and stacks of banknotes. Today, we carry apps, cards, and cloud-based tools. But the spirit remains the same: preparation, flexibility, and intentional living.

With the right money mindset and a few budgeting apps in your pocket you’re free to roam with peace of mind.