The festive season tends to be one of the busiest periods of the year, when tourists travel to and from destinations all over the world.
Anthony Grant, CEO of FNB Foreign Exchange, says, “Money is an important factor to take into consideration before you travel and it’s important to have a clear idea of how much the entire trip with will cost.” According to Grant, creating a budget in relation to the currency of the country you will be visiting will give you a good idea of the costs involved. “Peak season is a very busy time and we all worry about unexpected expenses, but with some forward planning, holidaying overseas is not only possible but can be cost effective and easy to achieve.”
Tip for travelling overseas during peak period
- Opt for package deals
Whether you’re travelling as family or a group of friends, consider the possibility of travel packages that are inclusive of the flights, accommodation and car rental. The benefit of this option is that you pay a single price, which is often cheaper than paying for each item individually.
- Always leave early
Whether you’re travelling to the airport or have activities planned, allocate an extra hour to your schedule to accommodate possible delays. Airports and holiday destinations are typically crowded during peak season and leaving early can help you avoid having to spend time in queues. If, for example, you plan to attend a music concert, consider the option of buying tickets online instead of over the counter.
- Money management
Always inform your bank about your travelling plans to ensure that, where required, you obtain the necessary authorisation to transact overseas with your bankcards. Check if your bank has a multi-currency cash passport, which can be loaded with the following major currencies: US Dollar, British Pound, Australian Dollar and Euro and allows you to transact and make cash withdrawals while travelling.
- Travel insurance
Some credit cards automatically qualify you for travel insurance, which will cover you in the event of an unfortunate incident such as a medical emergency, lost luggage or valuables. There is a risk if you travel without travel insurance: should anything happen, you’d need to cover the cost of the emergency from your own pocket in foreign currency.
“Travelling during peak season can be easy; you just need to know how to get around planning your trip to ensure you don’t spend more than you budgeted for. Happy and safe travels,” adds Grant.
Source: FNB. Image: Pixabay