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SMART SPENDING

Holidays can cost a fortune, so here’s how to save money while you’re out there

In association with Capital One

ACCORDING to the Office for National Statistics, Britons made 12.5 million journeys abroad in 2016.

That is 14% up on the previous year, and figures suggest we are spending more now when we are away, too.

Holiday spending can eat into your savings
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Holiday spending can eat into your savingsCredit: Alamy

In fact, in February 2017 alone we spent a whopping £2.5 billion abroad - that's a lot of money, so how do we spend it smarter?

For most of us, a holiday or a trip abroad is a big expense that happens just once a year – if we are lucky.

Before you have even set foot on the plane you have shelled out, with the promise of more to come.

To help you out this year, here are our top tips for saving money on holiday.

Research your exchange rate

It is no secret that the airport is the worst place to buy currency, so don't leave it until the last minute.

Make sure you do your research, especially if you are exchanging a large amount.

Websites such as  and Compare Holiday Money will help you to find some of the best rates online – but do not just go with these.

Check your bank and any supermarkets that you have loyalty cards with – these might have extra perks along with good rates.

Customers will be able to order food or items from stores across the airport straight to their chair
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Save on ice creams

One of the best things about being on holiday is to be able to indulge yourself all day, every day without feeling the guilt that you would at home.

However, a round of ice creams at the pool or the beach every day can really drive up the costs.


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Why not take a trip to the local supermarket instead, where a multi-pack could end up being the same price as one ice cream at the beach.

These little savings will all mount up fast.

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Remember you may need to tip

Outside of the UK tipping is far more common, and expected across various services.

This can catch you out, so before you go away make sure you allocate enough of your spending money to tipping.

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Research your excursions

Although it is tempting to buy all of your excursions when you arrive, you may not always get the best price.

It is worth doing some research online before you go.

Why not try looking at reviews on sites such as Trip Advisor to see what previous travellers have done?

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Make a picnic

Buying lunch at the beach every day can end up costing a fortune, especially if you're having dinner out every night, too.

Now, we are not saying that you need to sneak croissants and fruit from the breakfast buffet every morning, but you could see what is on offer at the local supermarket.

Pick up some fresh bread and sandwich fillings and enjoy lunch al fresco.

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As ever, when it comes to saving money it is all about research and planning.

The more you do ahead of your holiday, the more you can relax and enjoy your time away within your budget.

Simple.

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