How to make your holiday spending simpler

Holidaying abroad this year? Even if you’re lucky enough to be jetting off to the sun, keeping an eye on what you’re spending while you’re away is something that sooner or later you’ll thank yourself for.

The good news is that digital tools are making it easier to manage your finances wherever you are.

If you take out a free personal account with SumUp, and download a virtual Mastercard, you’ll be entitled to benefits that make spending money abroad that bit smoother.

These include zero fees or surcharges - and when you pay for something, it will be at the Mastercard exchange rate and no more.

You’ll receive real-time alerts for every spend, plus you’ll earn cashback on purchases anywhere in the world.

You can also track your spending day by day, which might just help you to avoid splurging on holiday and getting a nasty shock when you get home.

It’s not just holiday finances that most of us could use some help with. In fact, many people across the UK are worried that the cost of living crisis is affecting their everyday lives.

In a recent study conducted by YouGov* for SumUp, 78% of respondents said they are concerned about the rising cost of essentials, 42% feel they don’t have enough money for an emergency, and one in four say they have lost sleep over it.

As a direct result of this, 32% have postponed holidays or cut back on eating out - and a staggering 19% said they actually can’t afford to go on holiday this year.

SumUp’s global brand and marketing strategy lead, Corin Camenisch, says: “The cost of living crisis has persistently put pressure on people’s pockets - and consequently their mental health - for the past half-decade.

"The vast majority of us are worried about the rising cost of the essential items in