💷✈️Travelling soon? Here’s a hot tip you won’t want to miss! According to money expert Richard Carter, buying travel money at the airport is a “cardinal sin” that could seriously dent your holiday budget! 🚫💸
Why? Airports and tourist hotspots often offer exchange rates that don’t give you much bang for your buck. For instance, while online exchanges might offer you €115.77 for £100, airports might only give you €112—a sneaky €3 difference! When you’re exchanging large sums, especially for family getaways, it all adds up.
Here’s an example: Swapping £1,000 at an airport rate of 1.12 gets you €1,120. But nab the better online rate of 1.16, and you’re pocketing €1,157.68 instead! A savvy swap that adds up to a big difference for a family of four!
And here’s another top tip: Us your credit card abroad. Opt to pay in the local currency to snag the best exchange rates and dodge nasty conversion fees. Plus, you’re covered under Section 75 of the Consumer Credit Act for extra peace of mind when you splash your cash overseas. 🏦💳
Remember, a little research goes a long way. Before you jet off, shop around online for the best exchange rates and make your money work harder for you on holiday! 🌍🛫
Happy travels and happy saving, and remember: smart spending is savvy spending! 💰🌞