With the average family holiday for two parents and children costing £4,800 before spending money, peer-to-peer currency exchange platform WeSwap has outlined five tips to help families to save money on a last minute holiday.

1) Make the most of comparison sites

Many people use comparison sites for hotels and flights. However, you can find sites that compare the best deals for transfers, excursions and travel insurance, saving you money at every point of your trip.

2) Use a pre-paid currency card

Choose your currency provider wisely. Prepaid currency cards are simpler and usually better value for money. However, be careful that the one you choose doesn’t come with any unfair additional fees, such as ATM fees, transfer fees or transaction fees.

3) Find family-friendly hotels

Try to find hotels and other accommodation which offers deals for children, whether that’s a discounted rate or family package. It can save you hundreds of pounds.

4) Opt for carry-on luggage

No need for a suitcase, especially if there are four of you travelling for the weekend. By investing in a suitcase that fits the overhead luggage limits, you can pack everyone’s weekend bits into the overhead luggage without paying extra for hold luggage – take the largest overhead baggage you can, don’t give your little ones kid-sized suitcases.

5) Keep an open mind about travel times

Don’t be fussy with dates and times if you can help it. Travelling with children can be difficult, especially if they need to be woken at unsociable hours. If your children can handle an early flight, take advantage of the savings you can get.