Gloucestershire Echo - - YOUR MONEY -

IF YOU’RE plan­ning to go away soon, it pays to sort your fi­nances ahead of your break. To make sure you’re fully pre­pared, here are some tips from RACHEL SPRINGALL, a fi­nance ex­pert at Money­

1. Or­gan­ise for­eign cur­rency

THE con­ve­nience of us­ing air­port cur­rency ex­change kiosks can come at a cost. Even if you have just a few days to go, check on­line for cur­rent ex­change rates to find the best deal.

It is worth keep­ing in mind that ‘click and col­lect’ rates are of­ten more re­ward­ing than just pop­ping into a branch, as you can se­cure the rate of ex­change. 2. Be wary when us­ing a debit or credit card DE­PEND­ING on who you bank with, some debit cards can charge as much as £9.50 for the equiv­a­lent of a £200 cash with­drawal abroad, while a credit card can charge £11.96 for the same trans­ac­tion.

Con­sider ap­ply­ing for a credit card specif­i­cally for use abroad, or even switch cur­rent ac­counts to a cheaper al­ter­na­tive. There are credit cards that don’t charge a us­age fee when used over­seas.

3. Down­load an app to save a trans­port headache THERE are free apps that list pub­lic trans­port and can help con­sumers avoid re­ly­ing on last-minute taxis. These apps also al­lows users to plan sight­see­ing tours, with­out the ex­pense of a tour pack­age.

Trans­port apps also al­low last minute changes of plan, due to un­pre­dictable fac­tors like the weather, for ex­am­ple.

4. Check travel in­sur­ance cover NOT all travel in­sur­ance poli­cies cover ev­ery­thing, so it is im­por­tant to care­fully check the terms and con­di­tions be­fore travelling. Some cur­rent ac­counts of­fer world­wide travel in­sur­ance cover as an add-on to their pack­age.

And as well as fol­low­ing Rachel’s tips, it may also be worth check­ing what cur­rency you’ve al­ready got. Hol­i­day­mak­ers are hoard­ing just over £60 at home typ­i­cally in for­eign cur­ren­cies, ac­cord­ing to fi­nan­cial ser­vices provider Rams­dens – that could cover a weekly food shop.

Don’t just grab last minute cash

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