I haven't been recently, but used to spend a lot of time in Mexico. From Cancun, in QR, to Ensenada, Mexico DF, and down the west coast all the way to Cabo.
As for money, if you stay in tourist areas, you can use USD or credit cards exclusively(large hotels, restaurants, etc). If you venture out into the non-tourist areas you will need Pesos. I would plan to change a hundred into Pesos to start, and buy more at any bank if you run low.
Dress simply, or even shabbily. Take no jewelry, don't be a target. Cabo is pretty safe unless you go native out in the wild.
Enjoy the fishing, if you go for sail/sport fishing, ask the boat captain how long they will stay out. There have been cases where a charter would go out in the morning, as soon as everyone caught ONE fish, they turn around and come home. So, get a commitment for a fixed return time, and don't be duped.
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