AT THIS busy time of the year, it'is easy to let your mind wander to the thought of an international escape. Whether you are dreaming of a white Christmas in Aspen or soaking up the sun in Spain, money is probably one of the biggest things standing between you and the next flight out.

Aside from the obvious expenses like flights and accommodation, factoring in currency conversion rates, data roaming, insurance, and international fees can all quickly blow the budget.

So what can you do to get your finances in order before you travel and avoid returning home in debt?

The first step is to be realistic about how much you will spend overseas, and stick to a clear budget in the lead-up to your travel. You don't have to forgo every luxury, but having a budget will help you become more conscious about your spending and identify areas where you can save.

To make the most of your savings efforts, think about putting your money where it will earn most interest, such as a term deposit account or high-interest savings account.

Research your holiday destination. Using the destination's tourism website or reviews can give you tips on the best activities and transport methods. Prepaying for these elements of your trip may be cheaper if booked from Australia, but don't forget to factor in currency conversion rates.

Organise your foreign currency. It is recommended to have a combination of currency types and cards for back-up while overseas. Most financial institutions offer prepaid travel money cards.

Advise your bank that you will need to access your accounts while overseas so that they can update your settings and investigate added security measures, such as a security token. Be mindful of how you book and pay for activities online.