Why you should not pay in your HOME currency (spoiler: companies make a profit & you lose money)

Why you should not pay in your HOME currency (spoiler: companies make a profit & you lose money)

If you’ve ever been abroad you will have seen this appear on a cash point, at a restaurant or in a shop when buying something. It’s so common we might not even think about it, we just press the buttons as quick as possible and leave.

But it actually is quite an elaborate scam, especially in some stores where they say “for your convenience you can pay in your local currency” or they ask “where are you from and then attempt to offer the item in £ or similar”.

How do I avoid this completely?

Grab a Monzo card

Be a financial rockstar and share this with your friends, family and co-workers to maximise savings:

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Important things to remember with everything we post:

  • If you earn over your personal allowance (currently £12,570 a year) HMRC need to get their % cut (even if the money is in cash or from another country)
  • If you’re working for yourself / earning an income on the side you need to let HMRC know – There are numerous benefits but also some drawbacks
  • You need to always ensure whatever you’re doing is legal and not hurting anyone else – be careful and always think twice
  • Some income streams may require you to have DBS check, licence, insurance or qualifications before you can start to profit from it, do your research.
  • Be careful that any additional income doesn’t compromise your studies or main income/job
  • If you work for a company check your contract, if you don’t inform them you’re working on other side projects outside of work they may have grounds to ownership on this work

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Why we do this?

We got sick and tired of seeing the public, our friends & family being exploited by fake deals, tricks and scammers. Using numerous tools, our dedicated staff and our large userbase we collate all the best genuine bargains, price glitches, profit-making ideas, scams, hidden tricks, freebies and ways to make, save & invest money in one place.

10ways.com provides at least 10 unique ways of saving, making or investing money each day to our 1.2 million users. Primarily we post time-sensitive deals and content on our social media accounts Facebook, Instagram and Twitter

How we work

At 10ways we pride ourselves in showing as many alternative career paths, deals, glitches and ways to have more money as possible but we're not perfect and the information provided on our website/social media does not constitute financial advice, it's vital that you do your own research and realise you use the content on this website at your own risk and that we cannot accept any liability for your actions.

Links & Prices

We often link to 3rd party websites and can't be responsible for their content. Many deals, offers & opportunities are time sensitive and may change before we notice, so whilst they're correct at time of publication they may have changed before we've had a chance to amend the website, so double check first.

We occasionally use affiliate links within some of our content, these links may generate a small income for us but their use never compromises the quality or content of our posts.

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