Our research revealed 33% of people experience money challenges when they return home, as they spend more than they can afford. The average total holiday spend per person is £1,175 plus an extra £118 on pre-trip purchases. With over half of Brits (57%) opt to put their holiday on a credit card too, while a tenth said they have no idea when they would be able to pay off the bill.
The thing is, holidays are supposed to be relaxing and shouldn’t leave us feeling anxious, but blowing too much cash abroad can lead to regrets when the holiday buzz starts to fade.
You know we’re fans of financial fitness here at B, and that’s why we brought together a panel of experts at Studio B in London to discuss how you can cut costs and still have the holiday of your dreams.
The ‘Get More Summer’ event in association with Family Traveller magazine featured speakers from across the worlds of fashion, travel, beauty and finance, who all shared their top tips on making your money stretch further on holiday and getting more out of your summer!
Family Traveller’s Editorial Director, Jane Anderson, chaired 2 panel discussions and B’s Head of Innovation David Judic was joined on the panel by; Alice Beer – Broadcaster, Journalist and ITV This Morning’s Consumer Editor, Jasmine Birtles – Money Magpie, Cate Dixon – Senior Manager, Brand Campaign and Content Marketing at Kuoni, Kirsty Dale – Executive Fashion Director at Elle and Sophie Qureshi – Beauty Journalist and Brand Consultant.
Top tips from our panellists
Alice Beer urged us to consider the emotional needs of everyone going on holiday before anything else. By understanding what everyone wants from the holiday, you’ll be able to plan accordingly and might just save money along the way. Your child might not care if their sought after daily ice cream is at the UK seaside or an all inclusive resort, but you’ll certainly care about the price difference!
Cate Dixon recommended booking as far in advance as you can and investigating travel specialists. With their experience (and contacts), they’ll likely be able to get you the best deals and know how to maximise your holiday time and budget. It takes the pressure off you having to book everything yourself, but also gives you a bit of peace of mind should anything go wrong as they’ll look after everything.
That’s just a flavour of the great tips our panellist gave us. We caught up with Jane and Kirsty to chat about keeping up with travel trends and holiday fashion without breaking the bank.
Remember, financial fitness isn’t just a summer activity to get Beach Budget Ready. Our blog has top tips to help you save money all year round.
This blog is a bit of fun and not intended to influence your decisions in any way. The content of the blog is reliable at the time of publishing, but we can’t guarantee that it is neither error nor omission free, beyond our knowledge. The links are there for you to explore if you wish, but we don’t have any connection with the third party sites, nor responsibility for them or their content.