Holidays are always enjoyable, but even more so when you don’t have to worry about the money you’re spending. Whether you’re heading off to a romantic European city for a weekend, are jetting off to the Caribbean for a fortnight or are trekking in the Amazon, it’s worth spending some time planning your finances before you leave to make sure your trip is more enjoyable.
Here, we consider a few things you can do to get the most from your money when planning a holiday.
The planning process leading up to your time on holiday will inevitably determine to a large extent how much your holiday is going to cost you. Not only does the decision of where to go have a bearing on the cost, but the time you spend shopping around could mean the difference between potting a bargain and over-spending.
The key here is simply to shop around and look for the best deal.
If you’re travelling abroad, you’re probably going to be using a different currency which brings up the issue of exchange rates. This should have some bearing on your decision of where to go. Ensuring that you travel somewhere where your currency can do a long way can help to make your trip a great deal more affordable.
When you’ve settled on a destination, it’s still worth bearing the exchange in mind. Shopping around for the best deal is essential if you’re looking to take some cash with you.
It’s important to note that exchanges at airports or on arrival are likely to offer you a poor rate. Alternatively, you could find yourself paying a high rate of commission.
To avoid running into financial trouble when you’re away, it’s wise to increase the number of options that you have. As well as taking some cash, it’s wise to think about American Express Credit Cards in case your cash runs out. Taking more than one card is advisable, as is storing them in different places to help ward against theft.
It might be the case that you are eligible to receive some help towards you holiday spending. Certain financial companies are able to offer exclusive deals on travel so it’s always worth making an enquiry. It’s also worth looking into frequent flyer schemes.