Currency

 
Get it Right and Save Money on your transfers
 

When travelling abroad on holiday, it is easy to waste money on expensive credit card charges and uncompetitive foreign exchange rates. It is so tempting to just change your money wherever it is easiest such as the hotel reception or a nearby exchange booth, without thinking of the consequences or looking for a better exchange rate. The thing is that many foreign exchange outlets are considerably more expensive than others and especially when they have a captive audience. It may be quicker to change your money at reception rather than going to a bank, or withdrawing cash on your credit card, but you are likely to be paying way over the odds. A little forward planning can do wonders and you should research the exchange rates before you leave home. Check whether you will get a better rate on buying Euros before you leave for your holiday or whether you are better off buying them there. Decide what is a good rate to exchange your money at and don’t be swayed even if there is a handy exchange booth right under your nose. Plan ahead to make sure that you do not run out of cash so that you will not have your hand forced. The difference between proper planning and research and just exchanging money in the nearest place can make a vital difference to your holiday budget. If you need to make a large transfer bank to bank say for a property purchase overseas, then its best to use a Currency Broker rather than a holiday money exchange company. These wholesale currency brokers can offer a considerable better rate of exchange, close to the Interbank rate ( the rate banks lend to each other) for example , you may get 1.10 Euros to the Pound for cash holiday money but 1.14 wholesale rate when transferring maybe hundreds of thousand of pounds. This can end up saving you thousands of Pounds due to gaining a better rate of exchange when you Buy Euros from a wholesale Currency Broker.

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Better Safe than Sorry
 

There are a few points to consider when it comes to buying insurance, whether it is for your home, your health, your car or even your dog. Firstly, not all insurance policies are the same and if you are comparing between quotes, you should make sure that you are comparing like for like. Just because one looks like a bargain, it may not necessarily be the case, as you may not have the level of cover that is included with other insurance policies. Check exactly what is covered with each, what the excess limits are and whether there are any exclusions to the policy. For example, if you are planning to go paragliding on your holiday then make sure that you are covered for it on your holiday insurance. It can be tempting to cut corners and go for the cheapest one to save a few pounds but this could be a mistake if you ever have to make a claim. It can also pay to take out more than one policy with an insurance company so if you have to renew several policies such as home and car at the same time, ask if they do additional discounts for multiple policies. Lastly, always make sure that the information on the insurance forms are answered honestly and accurately or the policy could be void and you will be breaking the law.