Holidaymakers Look to Budget

Published on 1 January 1970 by Raffick Marday

Those planning a holiday this year are looking for way to economise, new research reveals, while a fifth have decided it is an expense they cannot afford.

In the wake of the economic downturn, 40 percent of British adults claim they cannot afford a holiday abroad this year, or that the economy has discouraged them from booking one.

A further 82 percent admit they will be budgeting carefully before and during their holiday in a bid to watch the pennies and not overspend, the AA Travel Insurance research showed.

“Those who are continuing with their holiday plans are counting their pennies,” said Mark Huggins, AA Financial Services director.

“I’m particularly concerned that a quarter of those cutting corners say they won’t take out travel insurance which is an entirely false economy.”

Those who are already planning a holiday say the economic situation has affected their travel plans.

Over a fifth do not buy travel insurance because it is too expensive, putting themselves at risk of having to carry the burden of a high medical bill if confronted with something like food poisoning while away.

Compare Travel Money Cards

If you are worried about how you are going to fund this year’s holiday abroad, you should consider using a travel money card.

This will help you budget your spending money while abroad as it can be used to make purchases in retail shops, restaurants and even at cash points to take out cash.

The holidaymaker can take advantage of good exchange rates when they load a certain amount of Euros or Dollars for example, onto the card, as these will remain fixed no matter what the current rate is when you use the card.

Additionally, the card only allows the user to spend the amount he or she loaded onto it, so overspending is impossible.

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