Whether you’re heading to a ski resort or a cosy winter retreat, mismanaging your cash can quickly lead to additional, avoidable expenses.

That’s why travel money expert Mario Van Poppel from Leftover Currency has issued a warning to help holidaymakers save money and avoid unnecessary stress during their winter getaways.

According to Van Poppel, with just a bit of planning, you can avoid these pitfalls and make your trip more affordable.

He explained: “It’s not always easy to know how to get the most from your money when you are travelling abroad and exchanging currencies. By avoiding these common mistakes, you’ll save yourself stress and money.”

Being mindful of when and how you exchange your currency, as well as staying aware of hidden fees abroad, can keep your winter holiday within budget and free from financial worries.

Leaving currency exchange until the last minute

Airport exchange kiosks may seem convenient, but they come with a significant price tag.

“Airport exchanges often charge a premium of up to 15 percent compared to the mid-market rate,” said Van Poppel. By preparing in advance and exchanging money online or at your bank, you can secure better rates and avoid the last-minute scramble for cash upon arrival.

Assuming cards are accepted everywhere

In more remote areas, cash is still king, so you should make sure to research local practices and carry some local currency to avoid surprises when tipping or making small purchases.

“Winter travellers often assume their cards will work everywhere, but some destinations, particularly in lesser-travelled areas, still rely heavily on cash,” Van Poppel explained.

Paying in your home currency abroad

When using a card, you might be offered the option to pay in your home currency instead of the local one.

This option, known as “dynamic currency conversion”, may seem like a convenient choice, but it often comes with hidden costs.

“Dynamic currency conversion can add as much as 10 percent to your transaction,” warned Van Poppel.
To avoid these extra charges, always opt to pay in the local currency for the best exchange rate.

Overpaying at resort ATMs

Ski resorts and popular tourist destinations are notorious for having limited ATM options, many of which charge high fees.

“Standalone ATMs in resort areas often leave travellers with little choice but to pay high withdrawal fees,” says Van Poppel. To save money, try withdrawing cash from ATMs operated by major banks or exchanging your currency before you arrive.

Forgetting to prepare for weather delays

Winter travel can be unpredictable, with snowstorms and transport disruptions often leading to unexpected costs.

“Having a small reserve of local cash is crucial,” Van Poppel advised. A little extra cash can be a lifesaver if weather delays affect your plans or if card machines are temporarily out of service.