As I walked through the airport a few weeks ago, I was shocked, but unsurprised, to see that you only just get €1 for £1. Going on holiday, post-Brexit, has been a lot tougher for the families travelling abroad. As the pound has slumped, it has suddenly become a lot more expensive for UK travellers who previously assumed going abroad would be as cheap as last year.
Patrick Collinson, from the Guardian, has put together a few tips on how to get the best deal out of the market, and here are my top picks:
- Get your cash before you fly.
- Order cash online before you head abroad. As I mentioned, rates at the Bureau de Change at the airport are woeful.
- Prepaid cards can always be handy - load your money onto these before you go. You can’t spend more than what is on it, but many don’t charge you fees when making purchases. However, some do charge quite heavily for ATM withdrawals
- Don’t fall for the ‘pay in pounds’ ruse - more often than not, if you decide to pay in pounds, this rate will then be set by the bank or shop. You can guarantee this will be at the lower end of the spectrum!
Try and stick to these top tips to make your money go further. I hope you have a wonderful time on holiday, wherever you choose to go.
It means that families who had a budget of £750 for spending in Spain last year will have to find around £880 this summer if they want to buy the same things.