Money blog: Half of young people doing 'big no-no' with holiday money

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Money blog: Half of young people doing 'big no-no' with holiday money
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Welcome to the Money blog, a hub for personal finance and consumer news and tips. Today's posts include a look at the chargeback refund option and the best way to buy holiday money. Let us know which discontinued snack you'd like to see come back in the form below.

By Katie Williams and Brad Young, Money reportersHalf of young people are making the costly error of exchanging pounds for foreign currency at the airport instead of sorting it before their trip, a new survey has found.Research from Compare the Market found that nearly three in 10 holidaymakers have opted for a currency exchange just before their flight - including more than half of people aged 16-24 .Those aged over 55 were more prepared, with most exchanging currency elsewhere.

Alternatively, 'some service providers offer specialist travel debit cards that don't impose non-sterling transaction fees and cash withdrawal fees'.PREPAID TRAVEL CARDSIf you're looking to avoid a credit check, prepaid cards can be loaded with multiple currencies and work like a debit card, without being connected to your bank.

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