Try our FREE online calculators

If you’d like assistance, please contact us and we’d be happy to help.

Calculator

View more calculators

Go!

Holiday headaches – how to avoid common financial tourist traps

Holiday Headache

Everywhere you look on holidays there is something to spend money on and if you’re too relaxed with what you part with your hard earned for, the spending money can dwindle quite quickly. With a little bit of extra preparation and research, you can avoid the common financial tourist traps and hold onto your money. Here’s what to look out for:

Know what to pay for a cab before you get in

Getting ripped off on a taxi fare would have to be one of the easiest traps to fall into, particularly when you’ve just arrived and want to get to your hotel ASAP, or want to venture out for the first time in a new country. Do your research before-hand, and get an idea of what the average taxi fare should cost for certain trips or distances. Also, if it’s custom to do so in the country you’re in, agree on a price before you get in the taxi (maybe twice to make sure it’s clear if there’s a bit of a language barrier).

Avoid group tours to easy accessible destinations

When you’re in tourist mode, it seems like there is a group tour company that will take your money for just about anything. For a lot of attractions, you can easily get yourself there with a little research and don’t need to shell out the exorbitant prices the tour companies charge. By finding out about the local public transport options, you could get to your destination on your own schedule, spend as much time as you like without being rushed on by the tour provider, and save yourself a lot of money.

Eat like a local and save a heap of money on food

Eating out for 3 meals a day and buying snacks in between can quickly add up to being one of the biggest drains on your spending money. If you have self-contained accommodation, go to the local shops, get some groceries and make some of your own meals. If you’re not fond of cooking on holiday, or don’t have the facilities to do it, at the very least buy some snacks from the local shops and avoid the mini bar and high priced hotel conveniences. When you are eating out, do some research to find out what the locals recommend as the best food and value in town.

Don’t pay for an insurance excess reduction on car rental if you don’t need it

Paying the extra daily amount to reduce the insurance excess on a rental car can be a smart move, but you may be doubling up and wasting money you don’t need to. A lot of travel insurance policies include cover for rental car insurance excess, so check out your travel insurance policy before forking out the extra to the car rental company.

When you’re going on holidays next, take a little extra time up front to research and plan – your spending money will go further and you may even come home with a little leftover.

How we've helped our clients...

"Starting up a new business isn’t easy, with so many things to think about it can be quite a stressful process. With the services of Lend Me Asset Finance and Locate Me, they have really helped to take this stress away in the way of meeting me on my job sites to sign documents and dealing directly with the Car Dealers, Bobcat Dealers and even my accountant.

The guys at Lend Me really do take the time to listen to what you are after and work in to suit you and make the transaction so simple and convenient, I can’t thank them enough! I’ve also recommended their services to 3 friends already and have only had good feedback. Lend Me have certainly gained a client for life! Reece"

"Hi there, Saturday just gone, I picked up my dream car, a 2013 black lancer LX.

I'd like to take this chance to say Lend Me Car Loan customer service was by the far the best I have ever received. What I thought was going to be tough work turned out to be the opposite. The process easy, simple and quick for me, she did the hard yards... I will be recommending friends and family... Thanks again! Regards, Stephanie"

I just wanted to say thank you... This has been the smoothest process. You and the other girls I dealt with at Lend Me Home Loans were so friendly and so efficient with everything, I felt like I was the only customer you were dealing with.

I will definitely be raving on to loads of people about Lend Me and the great service you provide.

I am stoked, this will take so much pressure off and will seriously change our lives... we can actually get ahead on payments and start saving some more money.

Thanks again, Kath :)

"Emily & I just want to take this opportunity to say a very big thank you for seeing us through our first home purchase and home loan, you have been a massive help not to mention getting us out of a sticky situation. We will definitely be in touch in the near future and will refer/recommend you to our family & friends if looking out for a friendly, helpful and reliable mortgage broker.

Take care and speak soon. Matt & Emily" 

Get in touch with us