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Keep an eye on your vacation finances: How to avoid expensive surprises!
Check your finances after your vacation! Tips for analyzing expenses, dealing with foreign currencies and budget planning.
Keep an eye on your vacation finances: How to avoid expensive surprises!
After the holiday, it is time for many families, who have often spent several thousand euros on their trips, to review their finances. Especially for holidaymakers in North Rhine-Westphalia who are away until the end of August, it is advisable to take a close look at your own bank statements and credit card statements. Loud RP Online This check can prevent unpleasant surprises.
A key point is checking for duplicate or unknown debits as well as unusual amounts and foreign currency costs. High conversion rates or fees should not be overlooked under any circumstances. Credit card statements in particular can include additional costs of up to 3 percent for purchases in foreign currencies, as the banking association recommends, as in money and consumers is reported.
Avoiding unauthorized payments
Unauthorized payments are another important issue. If such payments are discovered, they should be reported to the bank or savings bank immediately. Direct debits can be reversed for up to 13 months. This also applies to credit card processing, where documentation of expenses is essential. Receipts should be retained until billing, and many banks offer the option to add receipts directly into their banking apps.
Dealing with leftover cash
Another aspect is how to deal with leftover cash in non-euro currencies. The possibility should be considered to give the money to someone traveling to the relevant country, save it for the next trip or even donate it. Donations can be made, for example, at airports or banks via donation columns. It should also be mentioned at this point that an exchange often involves unfavorable exchange rates and fees.
A cost analysis is advisable for your next vacation planning. It is beneficial to identify all expenses that need to be set aside each month. To make this easier, you can divide the total vacation expenses by twelve. However, inflation and possible changes to the holiday destination or accommodation should not be ignored.