% Percentage Vs Fixed Cost Cash Withdrawal While Travelling

the video topic i'm about to talk about is super dry so i'm going to do it in the new goggles that i just bought the topic we're talking about today is when you should pull a big amount of money out of the cash machine and when you should pull as little as possible out the machine there's two ways that they're going to charge you if you pull money out in a local currency when you pull machine cash out the machine when you're traveling they're either going to charge you a fixed rate or they're going to charge you a percentage if they charge you a fixed rate so i'm in turkey it's turkish lira some cash machines they say it's 35 turkish lira per transaction if that's the case you want to take out as much cash as you need preferably more you don't want to be going to the cash machine and taking out 100 lira and getting charged 35 you want to take out 2 000 3 000 do it in a safe way in a bank that where you're inside and then take that money and split it up between your bags i've got another video on that if it's a fixed rate if it's a fixed amount you want to take out as much money as possible because that reduces the charge per unit of currency that you have pulled out if on the other hand it's a percentage so here a lot of the cash machines are taking like six six point nine nine percent that's crazy that's it's crazy anyway in those situations it doesn't matter if you take 50 lira out or 5 000 lira out they're still going to charge you 6.99 so just take out as little as you need because it's the same you get the same percentage per unit of currency that you take out so recap if it's a flat fee take out as much as you can if it's a percentage it doesn't matter take out whatever you want do you like the new goggles i think they're pretty cool oh yeah i've written a remote working guide it talks about the kind of jobs that you want to get where you can get them why you'd want to do this etc it's in the description below click the link and i'll send it to you it's completely free