Thomas Cook has discovered that British tourists are paying much more for their foreign currency than they need to, simply because they don't know enough about their destination and the prices to expect to pay when they get there.
They surveyed 12,000 people with 28% of these confessing to having no idea how much money to take on holiday with them. One quarter admitted that they knew they overspent whilst abroad because they had no idea of an items value in English money.
8% also said they took absolutely no money away with them and relied on credit and debit cards and withdrawing money from cash machines, often paying the penalty of hidden fees. One in three stated they had paid heavily for using cards and ATM's whist abroad, this leads to so many people wasting money.
Foreign currency is often left until last minute as there are so many things to think about when preparing for your holiday, leaving people to rush their decision on how much to take.
So take a few moments during your holiday preparation to think about spending money and do a little research into how much you might need. Your travel agent will guide you as to how much you could expect to pay for things in resort and the kind of excursions you may like and a rough idea of how much they might cost.
The best way to find these things out though is on the internet, you can research your destination and even look at travel forums to see what people who have stayed in your resort or even your hotel have to say. They will be able to advise on where to eat and drink and even the best place to shop or book excursions.
Having an idea of how much food, drink and trips will cost you, and working out how much this would be in English money will make sure you get the best value, and even better still, give you a guide as to how much money you need to be taking with you.
The euro is very weak against the British pound at the moment so countries that don't use it will give you better value for money. Croatia, Turkey and Bulgaria are extremely popular destinations as they still have their own currency, and Gambia and Egypt holidays will be favorite destinations this season due to their excellent winter sunshine and favorable exchange rates.
So take the time to think properly about your foreign currency before your next trip, and with just a little bit of forward thinking, you could make your holiday money stretch even further.
| Yvonne also writes informative and fun new stories for Travelnewz. Article Source: http://EzineArticles.com/?expert=Yvonne_Dawson | |
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