Planning your holiday spends can be tough to plan, especially with the current economic uncertainty in currency exchange value, some Brits may be tempted to take more needed to have peace of mind. It would seem though, that a quarter of us lack such discipline or organisation, as a new study shows 1 in 4 will run out of money on the third day of holiday.
While you’re planning your holiday, thoughts of soaking up the sun, swimming in the sea and exploring the sights may occupy your mind the most. Budgeting may come last priority for some, with a quality over quantity mentality mindset. Whilst the experience should come top of plans, so should the budgeting as the study shows many of us leaving ourselves short early on in our jollies.
Conducted by the Travel Money Club, the study revealed that nine in 10 Brits will overspend on their holiday abroad in 2018 because they are either confused by the exchange rate, or that they simply don’t care. A worrying reason indeed if true.
So how can you avoid splashing the cash unnecessarily this year? Luckily we’ve got some tips to help you budget.
Commenting on the findings, Don Clark, founder of the Travel Money Club said: “Foreign currency is a minefield for holidaymakers if they don’t know what to look out for. Familiarising yourself with the current conversion rates and reading the small print on charges and commissions will prevent unexpected surprises when buying foreign currency”.
So, if you’re planning a trip abroad make sure you do your research to find the best deals for you, otherwise, you may end up out of pocket.