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Holidaymakers should consider spending money wisely

Posted on 14 Jun at 9 AM Tags:

A new survey by Tesco Travel Money has revealed that although Brits are still keeping a close eye on their spending, many are still unwilling to give up their summer holiday. The study found that 35 per cent of respondents plan to leave the UK in the coming three months in search of sun, sea and sand.

The average amount being spent by holidaymakers comes to more than £1,500 per head. Tesco Bank Head of Travel Money, Doug Gowan, said it was important for travellers to consider carefully the cost of changing money into foreign currencies.

Most holidaymakers are likely to rely on their debit or credit cards at some point. However, they should be aware that most banks will charge a fee when they do so, some as much as 2.75 per cent of the transaction.

A more secure option is the pre-paid money card. These are simply loaded with cash and can be used to pay for goods and services in the same way as other plastic. In the event that they are lost or stolen they can be easily cancelled.

Another essential for anyone travelling abroad is insurance. Opting for the cheapest insurance available can be a costly saving if something does go wrong. Tailoring the cover to suit the holiday is advisable and reading the small-print a must.

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