If you're planning to go away soon, it pays to sort your finances ahead of your break. To make sure you're fully prepared, here are some tips from Rachel Springall, a finance expert at Moneyfacts.co.uk:

1. Organise foreign currency

The convenience of using airport currency exchange kiosks can come at a cost. Even if you have just a few days to go, check online for current exchange rates to find the best deal. It is worth keeping in mind that 'click and collect' rates are often more rewarding than just popping into a branch as you can secure the rate of exchange.

2. Be wary when using a debit or credit card

Depending on who you bank with, some debit cards can charge as much as £9.50 for the equivalent of a £200 cash withdrawal abroad, while a credit card can charge £11.96 for the same transaction. Holidaymakers could consider applying for a credit card designed specifically for use abroad, or even switch their current account to a cheaper alternative. There are even credit cards that do not charge a usage fee when used overseas.

3. Download an app to save a transport headache

There are free apps that list public transport and can help consumers avoid relying on last-minute taxis when travelling. Not only this, but these types of apps allow consumers to plan any sightseeing tour of their choosing, without the expense of a tour package. Transport apps also have the added benefit of allowing holidaymakers to change their plans last minute, due to unpredictable factors like the weather for example.

4. Check your travel insurance cover

Not all travel insurance policies will cover everything, so it is important to carefully check all the terms and conditions before travelling abroad. Some current accounts offer worldwide travel insurance cover as an add-on to their package.

And as well as following Rachel's tips, it may also be worth checking what currency you've already got lying around at home. Holidaymakers are hoarding just over £60 at home typically in foreign currencies, according to financial services provider Ramsdens - an amount which could cover a weekly food shop.