You will need cash in Thailand for most markets, tuk tuks, some taxis, songtaews and small food outlets. Try not to use it for big purchases.
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Quick Tips to Travel in Thailand at a Low CostBudget travelers and backpackers can stretch their budget to $175-$245 weekly. With a budget of $350-$420, you can travel to multiple destinations, indulge in delectable international cuisine, and even stay in air-conditioned accommodations.
The short answer is yes, you can use your credit card in Thailand. However, although credit cards are commonly-used in Thailand (especially in more touristy areas), cash is still normally preferred there, so keep in mind that you might not be able to use your credit card everywhere.
It is never safe to carry large amounts of cash because of obvious reasons like theft & robbery. Hence, It's advisable to carry a Forex card rather than carrying cash when you are traveling to Thailand. By opting for a BookMyForex card over foreign currency notes, you can save between 0.5% and 2%.
Tipping in Thailand is not customary and there are no requirements to tip anyone, leaving a small gratuity for great service is appreciated, but unlike other parts of the world you will never see a Thai service provider with their hand out expecting to be tipped.
A budget of $1000 is enough for a person to live in Thailand for 4-8 weeks. This will include accommodation ($7), 3 meals ($6), 3L of water ($2),transport ($2) per day. This comes to a total of $510 per month.