Despite the boom in low cost airlines and the price of flights coming down over the past few years, going on holiday is still a pretty expensive business and costs soon add up. All travellers should be looking at ways to cut costs – without cutting corners.
The exchange rates are one factor that has added to the cost of our holidays considerably in the last couple of years. The weak pound means that there is a high foreign exchange risk and you can lose out big time if you change your money at the first place you come across or in the hotel exchange office.
Shop around before you go and find out where you can pick up the best foreign exchange rates. Don't just look for the lowest rate, but also check out how much commission each company charges.
Sometimes there are price bands for different amounts and it could pay you to pool your money with a friend to buy currency.
When booking your flights, don't just check the face value price quoted by each airline – many make their money on charging for hidden extras which only become apparent further down the booking process, so make sure you compare each one properly. This can often mean that the traditional, flag carrier airlines can work out as the same or even cheaper - especially if you are looking at a criminal £20 booking fee for using a debit card through the so called 'no frills' airlines. Also, some of the budget airlines do not fly to main city airports which can cost more in trains or taxis.