Martin Lewis issues warning to those booking holidays as prices drop

Martin Lewis has been busy sharing money-saving tips and tricks with the nation throughout the coronavirus crisis. The financial guru has been paramount in helping people from everything to holiday booking cancellations through to furlough during this uncertain time. Martin, who owns Money Saving Expert, has continued to make appearances on ITV’s This Morning digitally from home and has kept people updated with her famous weekly newsletters.

His latest advice asks Brits whether it is wise to book a holiday abroad for a future date, reports Liverpool Echo.

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The Foreign and Commonwealth Office currently advises against non-essential overseas travel, while a 14-day quarantine policy for international arrivals came into force on Monday. But what about later on? Some European countries have revealed their plans to let tourists back in while airlines such as Ryanair and EasyJet have restarted a small percentage of flights.

And while there’s a risk with booking a holiday, according to Martin, the current discounts could make it worthwhile. He explained: “So first see if you can book something with cancellation rights – effectively just reserve a room and a price, which some hotels give. “Or book via a travel agent such as Hays Travel, which offers no-quibble cancellation rights up to six weeks before travel on some holidays (though there’s always a solvency risk).

“If that still works out too expensive, then it’s a choice between taking a punt and waiting a bit until we know more. “If you can bag a GBP60 return to the Canaries for travel in a few months’ time, you may just want to book it with your fingers crossed (not easy if you’re booking online). But the costlier it is, the more caution is needed.”

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Martin’s advice comes after he shared a new five-minute money saving challenge with ITV viewers.

The money saving expert simply asked people to take a few minutes out of their day to check what direct debits they’re paying and if they need to be paying them.

The trick could save you thousands and is outlined in the video above.

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