MONEY, MONEY, MONEY; Whether It's a Trip Abroad or a Staycation You're Planning This Summer, Kate Murray, Principality Building Society's Savings Product Manager, Shares Her Tip for Savvy Holiday Budgeting

Western Mail (Cardiff, Wales), May 2, 2015 | Go to article overview

MONEY, MONEY, MONEY; Whether It's a Trip Abroad or a Staycation You're Planning This Summer, Kate Murray, Principality Building Society's Savings Product Manager, Shares Her Tip for Savvy Holiday Budgeting


WITH the Easter holidays over, many of us will now be looking ahead to the next big holiday in the calendar - summer; six weeks of quality time with the family and hopefully some sun in tow.

While summer holidays are a time of happiness spent with loved ones, they can also be an all-toosharp reminder of the importance of budgeting. Planning well in advance for the busy holiday season will ensure that everyone can enjoy themselves without money worries in the background.

While many families will choose to travel abroad over the summer season, there are plenty of us who decide to stay within the UK. Blessed with the beautiful coastlines of Cornwall, Norfolk, the Scottish highlands and certainly in Wales, we're never too far away from sand and sea.

There are always plenty of free activities that are taking place throughout the summer holidays that will ease the purse strings. Local tourism board websites such as visitswanseabay.com have tonnes of free activity listings to inspire you across the summer, and keep the family entertained.

But whether you are staying in the UK or heading abroad, there are some important things to consider in order to stay on top of your budgets and avoid any nasty debts arising. Despite family holidays being a staple of the year, all too often families end up getting into financial difficulty trying to pay for a dream destination with all the luxuries.

It's important to account for not only the initial large expenditure when booking a holiday, but also all the extra add-ons - the ice-creams, the excursions and the holiday souvenirs that come with it.

Choosing a holiday that suits your families budget is a key factor in organising a holiday. There is nothing worse than being able to afford the flights and accommodation, but have to scrimp on activities once there. Adequate forward planning will eliminate the possibility of this happening.

According to recent research, the cost of the average family holiday is PS4,762. …

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MONEY, MONEY, MONEY; Whether It's a Trip Abroad or a Staycation You're Planning This Summer, Kate Murray, Principality Building Society's Savings Product Manager, Shares Her Tip for Savvy Holiday Budgeting
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