Cost and Finance:
When traveling abroad, there are five common methods of financing the Grand Tour. Most tourists rely on paper instruments of credit. They draw on the foreign correspondence of his London banker for a certain sum. Also, people pay for the tour by taking bills of exchange that can be exchanged by any banker on the continent; yet, some resist this method because bills may turn out to be useless and false. Two less common methods of financing the tour are to take British money and to borrow from British envoys. The final method is obtaining money, pounds from well-intentioned local people. However, one must be aware that in all of these financial situations commissions are charged by bankers for dealing with bills of exchange, other financial devices, and the rates of exchange offered by these bankers, often times causes the tourist to complain. Many bankers are British, yet remain largely unregulated and free to charge or offer what they choose. Another problem when arranging ones finances is ensuring the possibility of obtaining a bankers service. Exchange rates, shortage of coins, and the wide variety of currencies within the countries make it difficult and costly.
For some, financing the Grand Tour is not only a burden but also an impossibility. For these unfortunate persons, the students who happen to be attending a university have the privilege to request financial aid from their respective universities. In this situation, the student is expected to pay for food and gifts, but the university can help with the cost of lodging and transportation. People restricted with financial burden can also depend on the Queen herself for support. The Queen chooses to aid young courtiers on their tour abroad with the understanding that when these courtiers return, they will advise her foreign affairs based on their experiences abroad. One can always travel for less by searching for inexpensive food and accommodations, traveling on foot rather than carriages, refraining from gambling, drinking, and other social engagements, and budgeting ones expenses wisely.
Financial advice for mainstream travelers: