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5 Most common spending mistakes Indians make in Italy

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Italy is one of the top destinations on any traveller’s bucket list. Just like several other European countries, it is blessed with extremely beautiful and scenic places. So, be prepared with the list of the best places in Italy and be ready to land in this beautiful country! If you are travelling internationally for the first time, or Europe for the first time for that matter, either as a tourist or someone who is moving there to study in Italy, managing the finances can be daunting. In pursuit of saving money, many wound up overspending. Money management for students can be initially difficult due to the extra expenses in addition to the course fee. And that’s because of a few common mistakes that Indians are disposed to make. But information is empowering! So, to help you, we have created a list of mistakes that you must not make.

  1. Do not forget to do your homework

    The single key factor to perfecting your holiday is doing your homework intensively and extensively. You should cover a wide range of subjects – places to see, things to do, foods to eat, items to purchase, lodging to stay, restaurants to eat out at, and whatnot. But in the same vein, the other thing you must pay undivided attention to is foreign exchange (forex)!

    The single key factor to perfecting your holiday is doing your homework intensively and extensively. You should cover a wide range of subjects – places to see, things to do, foods to eat, items to purchase, lodging to stay, restaurants to eat out at, and whatnot. But in the same vein, the other thing you must pay undivided attention to is foreign exchange (forex)!

    As a traveller, it is expected that you are aware of the constantly altering figures of the currency exchange rates. Get yourself an international payments partner such as the INR-based zero forex markup Niyo Global card. You just add money to it in INR and use it in more than 150 countries across the globe, including India. You can also transfer money abroad with this card. Not to mention, you get complimentary airport lounge access across India so you can start your journey in style and comfort.

    You must be aware of the currency of the country you are to travel to. Also, it is important that you wise yourself up to the general prices. Also, you must be worried about the overseas money transfer. Put your worries to rest, as using this card can be considered the best way to transfer money overseas. Psst… the in-app currency converter in the Niyo Global app can do the Math for you, so you know the final amount even before you pay in foreign currency.

    In terms of shopping, you must find out and make a list of places where you may purchase gifts and souvenirs. There are high-end shops and places where you can negotiate better prices. Before sailing off, you must be cognizant of all the peculiarities of a new place!

  2. Do not disregard the convenience of carrying plastic money over cash

    Despite the exponential rise in the number of plastic money users, there is still a larger population of cash users. Mind you, there is nothing wrong with the practice of taking along a roll of cash on vacations. But it might be possible that in the process of the journey and vacationing, there is always a little chance of being afflicted with the misery of losing some cash. You may lose the money due to your negligence or someone else’s, or perhaps due to theft or snatching. In this case, plastic money can save you. Being small, slim and pocket-friendly, your plastic card can save you by making everything easy and convenient for you. So, whether you need to withdraw some cash or pay at a shop or restaurant, one card will take you through all kinds of financial dealings effortlessly.

    To help you start planning how to manage and transfer money abroad while travelling abroad, learn about the do’s and don’ts of carrying money abroad. Give it a read to know many useful money management tips for students.

  3. Are you looking for a forex card?

    As we discuss plastic money – the credit, debit, and forex cards – they all indeed promise you a vacation free of anxiety over the possibility of a loss of cash.

    Niyo Global card for students is a smart choice when you are considering to follow a money saving plan for students. The card takes a couple of steps more in providing the ultimate service. It brings you the best of an international debit card as well as a forex card. Make a money-saving plan for students and use this card to adhere to it.

    Firstly, the card is linked to a high-interest-earning zero-balance savings account that keeps working even when you are on vacation.

    Secondly, you will not be charged transaction fees every time you swipe the card at the counters or for online transactions. Only the amount required for a transaction is converted, and the remaining amount in your account continues to earn interest and gives you a monthly payout.

    Thirdly, it will let you keep tabs on the live VISA exchange rates, and as a result, you will always know how much you may have to pay for a certain item of purchase.

    The Niyo Global card comes with state-of-art safety and security features built right into the app. It lets you lock/unlock your entire card or individual payment channels (Ecom, POS, ATM Withdrawals, Tap & Pay) for both your domestic as well as international spending. You can ensure the safety of your account by blocking your card permanently through the app if you either misplace your card, or it gets stolen.

    Managing finances as a student can now be super easy with this card, and now they will be able to stick to their budget.

  4. Don’t forget to research the cheap-shopping areas

    When in Italy, one of the most exciting activities for you will certainly be shopping. But would it not be even better if you shop to the satisfaction of your heart without overspending? It will be. So long before your vacation commences, make the most of all the gadgets and the internet in order to ascertain the best places in Italy from where you can shop at cheaper prices. Get a cup of good coffee and sit down with your laptop to create an insightful inventory of places or shops and jot down the addresses. Once you reach Italy, this list will be able to guide you, root and branch throughout the entire trip.

  5. Don’t think of fancy lodgings, instead, say ‘No’

    One of the most common spending mistakes that Indians commit during their trip to Italy is spending a lot on fancy stays. Italy is a beautiful place that is blessed with pristine beaches, picturesque hills, breathtaking landscapes, etc. So, very naturally, Indian travellers incline towards deciding in favour of booking hotels or resorts with scenic vistas. But this is where many people go wrong. These hotels and resorts are extortionately expensive propositions. Hence, if you want to spend on these, you unwittingly agree to overshoot your budget, even before the commencement of the trip. Remember, spending inordinately on material items instead of emotional experiences is never a good idea if you want to stick to your budget.

    Once these mistakes are taken care of, you will discover the results. After your trip is over, let us know how it went. Here are a few tips for using leftover foreign currency after returning to India from your trip abroad.

Tips to save money while travelling in Italy

  1. When you have booked a long trip to Italy, you must be thinking of taking the famous high-speed Trenitalia train between Milan, Venice, Florence, Rome, and Naples to visit all the major cities of Italy. One way by which you can reap savings is by booking the ticket now without an external travel agency.
  2. If you do not want to take any risk of carrying cash around while travelling, it’s better to switch to Niyo Global Card. The biggest advantage of carrying this card is once you load the card, the rates are locked, and you are spared of forex fluctuations. 
  3. Want to reduce your accommodation expenses? It is better to ditch the hotels and go for AirBnB rooms where the rates are very reasonable. Also, if you choose a stay-with-kitchen option, you will be able to save big on food too. Italy is known for its outdoor and indoor markets selling incredibly fresh produce, aged cheeses, handcrafted salami and homemade bread. 
  4. Most of Italy’s tourist attractions and museums offer free entrance days during some days of the month. Do your research, and you can sync your trip to enjoy a free trip to most of these places.  


  1. How do I plan my expenses when taking an international trip?

    You can imagine your trip from start to finish and focus on how you will be spending money along the way. Start with a travel budget worksheet, and you can put your spending into buckets. The spending in these buckets will depend on the best places in Italy you are travelling to and how you like to travel.

  2. While travelling internationally, which is better: an international debit card or a forex card?

    An international credit/debit card like Niyo Global card is better than most of the forex cards offered. Choosing the Niyo global card over other forex cards is beneficial while travelling internationally because it comes with zero forex markup charges, and fixed transaction and withdrawal fees for ATM money withdrawal.

  3. Which forex card to use while travelling in Italy?

    Niyo Global Card is one of the preferred cards to use as it comes with zero forex markup charges. You can load this card in INR and spend in 150+ currencies without paying any extra charges.