Shop around for travel money and save on commission
Shop around for travel money and save on commission
- Wednesday, 13 October 2010Families planning on going abroad this half-term have been advised to shop around for the best exchange rates on travel money as this may mean they have more to spend.
Moneysupermarket.com has urged consumers to arrange their travel money before they jet off as exchanging it at the airport can incur extra costs, which may lead to
debt problems.
Exchanging money at a Bureau De Change at an airport can cost £91 more than if the same amount was withdrawn at the destination using a prepaid card.
A prepaid card could help families budget their holiday costs as they can only spend the amount on the card, which may help them avoid accruing
debt problems.
Claire Francis, site editor of moneysupermarket, said: "Holidaymakers may feel that travel money is at the bottom of the list when preparing for their holiday, but taking time to research their options will leave them with more cash to enjoy an extra ice cream or three."
Destinations in Europe could be an option as the pound strengthened against the euro by four per cent in September, revealed the International Currency Exchange.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with
debt problems when they die...
Brits thinking about retirement advised to seek debt advice
Tue, 03 May 2011Consumers considering their retirement options have been advised to seek professional advice, as they may end up with
debt problems in the future...
Brits planning to attend a wedding should start saving to avoid debt problems
Thu, 28 Apr 2011Consumers concerned about getting into
credit card debt to pay to attend a wedding may want to use their savings instead...
Couples planning their big day can avoid debt problems by negotiating a cheap wedding
Wed, 27 Apr 2011Couples-to-be worried about needing
debt advice in the future after paying for a wedding can ensure they avoid accruing
debt problems by negotiating a cheap wedding...