Merryn Talks Money Hot Tips for Saving Money on Summer Vacation
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Jul 22, 2025 Discover savvy strategies for saving money on your summer getaway! The hosts unveil common financial mistakes travelers make and share personal stories to enhance your travel experience. Learn about effective currency exchange methods and avoid costly airport fees. Enjoy humorous anecdotes from Athens and Paris that illustrate unique payment practices and tips for leftover foreign currency. Finally, find smart spending tips that help you balance fun and financial responsibility while vacationing.
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Airport Currency Exchange Pitfalls
- Merryn Somerset Webb and John Stepek share airport currency exchange mistakes causing heavy losses.
- Airport bureau de changes charge steep spreads from actual currency prices, penalizing last-minute exchangers.
Use Debit Cards for Currency
- Avoid paying for foreign currency online with credit cards due to extra fees.
- Use debit cards for purchasing or withdrawing foreign money to prevent unnecessary charges.
Avoid Foreign Transaction Fees
- Be aware of foreign transaction fees on standard bank cards abroad, which can be 2.5%-3%.
- Consider using cards like Revolut or Wise to prepay and control holiday spending better.