By Vicky Anscombe on 14 July 2015

If you think that Brits are a nation of scrimpers and savers while on holiday, think again.

New research from from Sainsbury’s Bank Travel Money has shown that 33% of holidaymakers intend to take more spending money with them on holiday than last year - around an extra £157 per person. 

Who are the most flamboyant holiday spenders? 43% of Yorkshire and Humberside residents said they plan to take more money on holiday this year, and the Welsh are also up for splashing the cash, as 39% of people interviewed said they'd push the boat out. The West Midlands and East Midlands aren't quite so keen on spending more money; only 29% and 19% respectively will take more money abroad.

Brits have definitely had enough of austerity and tightening their purse strings, as only 12% of people interviewed intend to take less money than last year. We're delighted with this news; holidays are for letting your hair down, enjoying new experiences, and eating and drinking fabulous things.

However, how can you keep this additional cash safe?

  • It’s a good idea to take a mix of currency and cards abroad; a pre-paid travel money card provides the convenience of a debit card and the security of being easy to cancel should it be lost or stolen.
  • Never put all your eggs in one basket - or keep all your money in one place. Hide funds around your hotel room or in your suitcase, split cash between members of your party and always use the hotel room safe, if there is one.
  • Don't leave cash or cards lying around in your hotel room. Hotel staff can normally be trusted, but if they leave your door unlocked by accident, other guests may not have as many scruples about seeing what's lying about.
  • Only take out as much cash as you need. If that's a small meal for two people, just take enough for that; don't take all of your money with you to 'keep it safe'. Keep any spare cash in your hotel room safe.
  • If you do lose some money, you may be able to claim all or some of it back from your travel insurance. There's a section on our website under 'What do I do if my property/passport/tickets is lost or stolen abroad?', which will let you know what we cover if your money is lost or stolen.
  • Keep your cash out of sight; don't flash it when you're paying for goods, especially if you're in a poorer area.
  • A wire-reinforced money belt can help keep your belongings safe. If worn under your clothes, it's much harder for thieves to access.

Image credit: Shutterstock

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