Holidays are a great time to relax and chill out; forgetting the stresses of our daily lives and sunning ourselves, or indulging on some extreme sports. Whatever your choice of holiday, its a chance to get away. But we save for them all year round, beginning the process of saving for next year as we get off the plane from this year's holiday.
But people are spending much more than they can afford when on holiday, a study by American Express has revealed. Holiday makers are not budgeting properly for their trips, with eighty three percent of people not intending to stick to any sort of budget when out of the country. Thirty percent spend excess currency when abroad to avoid having to change it back to the pound when they get home, and ten percent spend what they have left in the airport, to use it up.
The report revealed that a mere seventeen percent stick to their holiday budget, with a quarter of holiday makers taking money out of cash points abroad and therefore risking hefty fines when they get home.
"The last thing people want to do when they go on holiday is worry about moneyhowever this summer's trend should be about being savvy with your money," said Kirstie Bayley from American Express.
With the current economical climate, spending over our budgets will only impact on our daily lives when we get home. If you are going away this winter, whether it is skiing, snowboarding or for some winter sun, then make sure you set a limit and stick to it. Another great way to save money is to book your Travel Insurance Direct from an internet company.
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