The return from the holidays is an ideal time to put the family finances in order and carry out a small financial to-do list. From checking if you have followed the travel budget to checking that there are no strange charges in the accounts.
Financial tasks to do when returning from vacation
|Review the charges and check the balance in the account
Check that there are no strange charges that you have not made, that have been executed more than once by mistake, or that do not correspond to what appears on the invoice or with what was agreed in the reservation. Please note that for overseas payments the charges may not match exactly due to the currency exchange.
|Confirm that returns have been paid
They may not be included in the statement for the current month and may be in the next. Until you see it written down on your card account, don’t let it pass.
|Keep an eye on the statements for the next few months
It’s important to check your bank statements for unauthorized charges.
|Adjust the limits of the cards and their use outside Europe
If while going on vacation you increased the limits of your cards or activated their use outside Europe to pay abroad, returning home is a good time to adjust those limits again.
|Check your vacation budget
Have you managed to follow the budget? Have there been any unforeseen expenses? Reviewing your budget will help you adjust next year’s budget so you can better plan your vacation.
|If you have suffered delays, theft or loss of luggage, check your insurance
If you have had an incident during the holidays, such as a significant delay in a trip, a theft or a loss of luggage, check if your travel insurance or that of your cards covers it.
|Do not forget to change the currency that you have left over
If you have traveled outside the euro zone, you will have needed to change currency, and it is likely that you have something left over. So, before it gets forgotten in a drawer, remember to change it again. If you ordered it with ING, you have the possibility of being reimbursed up to 50% of the currency you exchanged at the purchase price. That easy.
Finished tasks: why don’t you stick with the good habits?
Once you have completed the financial to-do list for back from vacationIt is not a bad idea to stay with the best practices and try to systematize them, acquiring good habits to apply from now on.
For example, getting used to periodically reviewing bank statements and card charges, checking that you are following the family budget, or adjusting the operating limits of the cards from time to time to the use that you actually use them.
These good habits are key to avoid problems due to carelessness, errors in payments in stores and even fraud. You never know when you might get a repeat account charge or be the victim of a bankruptcy attack. phishing, so being always prepared will help to avoid great evils.
Another good reason why these good practices are worth developing as habits is the greater involvement you will have with your economic activity and the household budget. It will be a great help to achieve the financial goals that you have set for yourself.
In Orange | Vacation guide
Saving on Holidays, Home Economics, Budgeting