Holiday Budgets Reduced

Published: 7/18/2010

The Abbey National has been speaking to families in the UK and found them cutting their holiday budgets so they can allocate more of their money to day to day living expenses.

Compared with last year the average family spends around GBP175 less than they were doing on a holiday, prompted in no small part by the expectation of fuel and food bills going up by around 60 percent compared with last year. Other areas of family life are also seeing cuts said the Abbey National, including childcare, sports, hobbies and toys.

It is a natural stance to take said the Abbey National, since parents try and manage their finances with common sense, knowing that their family depend on them.