One in five Brits overspend on holiday

Published on 1 January 1970 by Raffick Marday

Millions of Brits regularly complain about suffering from an expensive ‘holiday hangover’. Almost a fifth of travellers admit they will still be paying off their 2011 summer holiday next year according to new research.

With one in five of us still paying for our holiday one year later, holidays tend to leave us tired, stressed or even wishing we never had gone away.

In fact, only 39% of those surveyed believe that what they paid for their holiday was “money well spent”; with 13% suggesting that they spent too much money.

A new poll of 3,000 holidaymakers by comparison site Gocompare.com has found that holidays are not all they are hyped up to be as far as Brits are concerned.

Bittersweet feeling

Of those people lucky enough to go on holiday, only two thirds came home feeling relaxed and refreshed, while 14% felt tired and stressed. A further 4% wished they had never gone away.

According to the study, the top causes of complaints are things costing much more on holiday than expected (31%), bad weather (25%), a resort not living up to the brochure description (23%), travel delays (18%) and disappointing food (17%).

"If you have overspent it is probably time to look for a better deal on your credit cardto ensure the damage is limited and the debt is paid off as quickly as possible. Look for an interest free balance transfer card so that you are not paying sky-high interest rates on your holiday debt,” said Jeremy Cryer, head of travel at Gocompare.com.

Travel money cards are a great idea in these circumstances. They are prepaid cards with no charges for foreign transactions or for withdrawing cash abroad.

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