Many of us save hard for our annual holiday each year and yet some people are quite careless when it comes to keeping our holiday cash safe. Many people take hard currency abroad with them which means that they have little come back if it is stolen and others use their credit card widely, putting them at risk of people fraudulently taking their credit card details and using them to make purchases.
There are different solutions that can be used to make our holiday money safer such as a travel money card. This is similar to a credit card but is far safer and there is usually a small upfront fee to purchase one.
Basically it is a prepaid card so if it is lost or stolen, only a set amount can be used therefore limiting the exposure to unauthorised use. It is safer than carrying cash and can be a good option for extended holidays such as a gap year as kindly parents can top up your balance along the way!
Travellers' cheques are another option although they are not as widely used as they once were, probably due to the ease of credit cards.
These are pre-printed cheques in a certain currency which can be exchanged for cash in banks and currency exchanges and which will be replaced if lost or stolen.