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5 Tips for Saving Money on Your Summer Holiday

As the summer season approaches, it’s essential to plan ahead and get the best deals for your holiday. To help you save some cash, we’ve put together five helpful tips that you can follow.

Firstly, it’s never too late to start a holiday savings pot for your spending money. By contributing a small amount from your monthly pay packets, you can ensure that you’re financially prepared for your break.

Secondly, don’t settle for buying travel money at the airport, as it can be significantly more expensive. Give yourself plenty of time to shop around for currency, and consider the additional costs such as delivery fees and minimum order thresholds. Did you know that paying in sterling when overseas can cost you more? Always opt to pay in the local currency to avoid unfavorable rates and high costs. Additionally, be mindful of overseas ATM charges when withdrawing money.

Thirdly, use flight comparison websites like Skyscanner to explore cost-effective deals for your destination. You can even consider flying to and from a country using different airlines or airports, although this may result in additional local travel costs and eat into holiday time.

Fourthly, using a broker can help you get better-priced travel insurance. It may be challenging to find suitable cover yourself, particularly if you have pre-existing medical conditions or are elderly. It’s crucial to take out cover as soon as you book your holiday to mitigate risks that could force you to cancel your trip.

Finally, don’t fall for “too good to be true” prices, as they could be scams. Fraudsters advertising cheap travel deals may ask for payment via bank transfer or use fake booking websites to obtain personal information. Look for independent reviews and don’t be pressured into booking quickly to avoid “losing out.” Additionally, paying by credit card could offer you protection if something goes wrong, as you could potentially claim under the Consumer Credit Act.

By using these tips as a guide for planning your summer holiday, you will get the best deals, save some cash, and have peace of mind.

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