Holidaymakers heading abroad are advised to prioritize money safety to avoid unexpected losses and fees during their trips, according to personal finance expert Andrew Hagger of Money Comms. Tourists often overlook financial precautions in favor of more traditional travel preparations, but Hagger highlights six key strategies to help travelers protect their funds.

Hagger emphasizes the importance of using hotel safes whenever possible, even if it incurs a small daily fee. Travelers should avoid carrying all their cash and cards at once, instead leaving some valuables secured in the safe. Additionally, keeping a record of bank contact numbers can facilitate quick action if cards are lost or stolen.

When making card payments, Hagger recommends always selecting the local currency rather than sterling on foreign payment terminals. Opting to pay in the local currency generally results in better exchange rates and can prevent additional charges imposed by banks. Some cards, such as the Halifax Clarity Card, Barclaycard Rewards, Monzo, and Starling, offer favorable terms by charging only the basic exchange rate with no extra fees, so travelers are encouraged to research their options before departure.

Carrying only a calculated amount of cash based on estimated daily expenses is another precaution Hagger advises. This limits potential losses in the event of theft or misplacement, ensuring that a holiday budget is not entirely wiped out.

For larger purchases—typically those exceeding £100—it is advisable to use credit cards rather than debit cards. Credit cards provide stronger consumer protections, with card providers liable alongside retailers in cases of disputes over transactions between £100 and £30,000. This safeguard can be particularly valuable for expenses such as car rentals.

Hagger also highlights the importance of minimizing risk by carrying cash and cards in smaller wallets kept in concealed pockets. Bulky wallets may attract unwanted attention from pickpockets or are more prone to being lost. For activities near water, such as at the pool or beach, using a waterproof case to carry valuables on one’s person can help prevent theft or damage.

Lastly, travelers should remain vigilant about ATM fees. Hagger advises using machines affiliated with established banks rather than standalone devices in tourist areas, as the latter often charge higher withdrawal fees. ATMs should clearly disclose any charges before the transaction is completed, allowing users to make informed choices.

By incorporating these practical measures, holidaymakers can reduce financial risks and better safeguard their money while enjoying their travels abroad.