Some travel tricks can make your trip better, others will save you money. But these travel hacks can get you out of a sticky situation, and could even save your life. From where to hide emergency cash to splitting up valuables amongst your group, these tips will help to keep you safe if the worst should happen. Display vital health information on your phone Certain smartphone apps let you display essential health information (such as severe allergies or medical conditions) right on your lock screen so doctors and first responders can see them even without your password or fingerprint. This is particularly useful for solo travellers who don’t have a companion to speak for them. Such apps include the Health app on your iPhone and the Medical ID app for Android. Stowing money in your shoe One ageless tactic to get you out of a jam is to keep the local equivalent of a £50 note in your shoe. While it’s easier to get cash and pay with credit these days, this can still be a … [Read more...] about Travel tips to save your life – from hiding money in your shoe to which floor of the hotel is safest to sleep on
Credit vs debit
YOU'VE already started counting the days until you jet off to the beach - but have you given any thought to which debit card you are going to use while away? Using the wrong plastic abroad comes with hefty fees which can be a nasty surprise when your next statement rolls round. Here's what you need to know. Why can't I use my normal credit card for spending when I'm abroad? No one is stopping you from using it. But if you do, it's likely you'll be hit by a host of hidden charges. There are lots of different fees to be aware of, according to Andrew Hagger of personal finance website MoneyComms. One of the most common ones is something called a "non sterling transaction fee." This will typically add up to 3 per cent to the cost of any purchases you make when abroad. You should also avoid withdrawing cash on a credit card unless you have to or you'll also have to count in the ATM withdrawal charge - typically between £1.50 and £5.00. To make matter worse some cards … [Read more...] about The credit cards that will rip you off if you use them on holiday
Last week, the chain restaurant industry suffered yet more turbulence as TGI Friday’s staff went on strike over tipping. In February, the casual dining chain began redistributing 40 per cent of all front-of-house service charge payments on credit and debit cards to back-of-house employees (including kitchen staff) rather than increasing their wages. YouGov BrandIndex data shows that since the new system was introduced in February, the brand’s impression score (whether someone has a positive impression of a brand) has taken a hit. It has dropped from 10 in mid-February to five in mid-April, and, after starting to recover (to eight), it took another knock (to six) after the recent news. In terms of its reputation score (whether someone would be proud to work for the brand), TGI Friday’s sits consistently slightly higher than the industry average of all restaurant brands YouGov tracks on a daily basis. However, it has slowly been decreasing since February, going from … [Read more...] about TGI Friday’s brand perception declines after employee strikes
In 2013, the average cardholder had 4.1 credit cards but only 0.1 charge cards, according to the Federal Reserve Bank of Boston. Clearly, most Americans are not clued in when it comes to charge cards. It makes you wonder whether they're missing out -- or whether charge cards just aren't worth it. Image Source: Getty Images. Charge cards vs. credit cards vs. debit cards Does It Build Credit? Does It Offer Fraud Protection? Does It Offer Purchase Protection? Does It Charge Interest? Is There an Annual Fee? Does It Offer Rewards? Debit cards No Sometimes No No No No Credit cards Yes Yes Yes Yes Sometimes Sometimes Charge cards Yes Yes Yes No Usually Yes Charge cards are like a hybrid of debit cards and credit cards. Overall, charge cards are comparable to credit cards, except that charge cards have to be paid off in full each month, whereas credit cards don't. Charge cards also offer the superior protection that makes credit preferable to debit in many circumstances. … [Read more...] about Charge Cards: Better Than Debit and Credit Cards, or a Waste of Money?
(StatePoint) April is Financial Literacy Month, providing the perfect opportunity to actively engage kids on the topic of money.“Even young children should learn about basic money concepts, like saving for a goal and spending only what you can afford,” says Alison Summerville, business administration executive and head of Corporate Citizenship at Ally Financial. “Building an understanding of basic money skills and good savings habits at a young age can positively impact your children by giving them a solid foundation that they can use to manage their finances at every phase of their lives.”This month and beyond, consider the following lessons: Money BasicsConceptualizing how money works can be challenging for kids, who may see you using credit or debit cards, buying things online, and even purchasing movies on televisions and mobile devices. Since many consumers rarely use cash, children may not realize when you are actually spending money.Discuss the prices of … [Read more...] about How Parents Can Help Boost Kids’ Financial Literacy