How to cut the cost of your holiday

Plenty of us are already planning our summer holidays. But whilst our choice of destinations may have got more sophisticated, our methods of finding the best deals have not.

Summer may still be a couple of months away, but plenty of us are already planning our summer holidays. After all, "we're all sophisticated travellers now", says Jo Thornhill in The Mail on Sunday, more likely to trek the Amazon than go on "boring bucket-and-spade-holidays on windswept British beaches". But there's one area in which we're not so sophisticated we're still bad at shopping around for the best deals and cutting the cost of our travel.

Take travel insurance. You certainly don't want to risk leaving home without it, but, according to Travelex, the average family adds almost £100 to the cost of their trip by not having the best value policy. That's because just one in ten people shop around, even though there are plenty of internet sites that will do it for you, such as Confused.com, Squaremouth.com and MoneySupermarket.com. Some notably MoneySupermarket.com even offer discounts on policies that aren't available direct from the insurer.

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Cris Sholto Heaton

Cris Sholto Heaton is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is especially interested in international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers. He often writes about Asian equities, international income and global asset allocation.

Cris began his career in financial services consultancy at PwC and Lane Clark & Peacock, before an abrupt change of direction into oil, gas and energy at Petroleum Economist and Platts and subsequently into investment research and writing. In addition to his articles for MoneyWeek, he also works with a number of asset managers, consultancies and financial information providers.

He holds the Chartered Financial Analyst designation and the Investment Management Certificate, as well as degrees in finance and mathematics. He has also studied acting, film-making and photography, and strongly suspects that an awareness of what makes a compelling story is just as important for understanding markets as any amount of qualifications.