With a record number of school-leavers applying for university places this year, some were not lucky enough to make the cut. If you or your child has found themselves in this position they may be considering using their time to complete a gap year.
Travelling abroad to explore or take part in a volunteering scheme remains very popular among young people and can be looked up favourably by universities. That said, it can be difficult to fund. Those not lucky enough to have a bit of cash stashed away or able to use money from family members may want to consider setting up a savings account. If they want to travel within a relatively short time they miss out on some of the best rates available to regular savers. However, with a bit of research they can secure a good deal. Why not look online to see what online banks such as Secure Trust Bank can offer?
With funds secured, insurance and spending money should be the next considerations. For extensive travel some insurers require you to have a specialist policy, particularly if you are taking part in sports and activities. In terms of finances it can be dangerous to carry cash. Another alternative that can also prevent you getting into debt is to used a pre-paid Mastercard while travelling as this can be registered in your name to prevent it being used when stolen.