People planning to head overseas for any length of time could save money before leaving, while buying
cheap travel insurance is also an option.
With the recession still driving up unemployment figures, many young people are thinking about heading overseas before they start pursuing a career, but planning the finances first could be a good move.
According to Andrew Hagger of moneynet.co.uk, Leeds Building Society and Egg have both recently launched new savings account deals with easy internet access that could be a big benefit to backpackers.
Mr Hagger told the Scotsman: "Savers need to make a note in their diary to check the rate on offer in 12 months as they'll almost certainly need to switch again if they want to maintain a decent rate of return on their cash."
Buying special travel passes can help save money while travelling outside the UK and many student backpackers take a credit card as well as buying one-way travel insurance, to help them out in emergencies.
While saving up could be a good idea, finding temporary work such as a week fruit-picking en route is also a common plan.
Downunder - the market leaders in one-way travel insurance.
