I can understand this motivation. Have the holiday paid for and money set aside specifically for it. I guess that's what most people try to do and it makes a lot of sense. I have just re-entered the world of the self employed myself, so I am acutely aware that absence = no income. Curiously, I have found that we spend less money away on holiday than we normally do at home, and I am usually pleasantly surprised by how little has come out of my account whilst we have been away (including the credit card spend). Normally we go away at Christmas, but this year we stayed home. My bill for presents; travel to Ireland to meet family; decorations; food; drink; heating, all added together far outweighs what we would have spent had we gone to Orlando for two weeks as normal. (Well, that's what I'm using to justify our Easter and summer breaks, and later this month, we'll be booking next Christmas dates as well).
Anyway, to my point. Just a minor note of caution with providers such as Fairfx. They simply provide a service. They are not a bank, are not covered by the FSCS and if they go bust your money is at risk. This is by no means any kind of warning against using them, nor have I any knowledge of any kind of problem or issue with these companies. If you lodge your funds with them, you do not have the same protection you would have by lodging your funds in a bank. It's just worth being aware of. Presumably, their client funds are held in ring-fenced accounts.
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