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Leftover cash 'funding holidays'

27 March 2015 09:10

Brits are spending their leftover cash on holidays

Brits are spending their leftover cash on holidays

Britons are busy planning holidays as they look to spend their growing pots of leftover money each month.

Research reveals that nearly nine in 10 people have enough leftover cash to spend on luxuries as the pressure of living costs continues to ease - and getaways top the list of goals that they are saving towards.

Eating out, clothes, spa treatments, trips to the theatre, and home improvements also feature on the list.

Sun seekers

Some 45% of individuals surveyed for the Voucher Codes site are looking forward to a trip away this year.

Whether you are planning a two-week stay in the Caribbean or a weekend city break somewhere in Europe, worldwide travel insurance can give you peace of mind to fully immerse yourself in your travels.

It can cover medical expenses, loss of luggage, travel delay, personal liability, legal costs and more, so make sure you do not leave home without it.

You can even get cover for pre-existing health conditions.

Disposable income boost

As many as 87% of the 2,000 people polled have some spare cash left over each month.

The average disposable income is £242.32 nationwide, yet this varies depending where the person lives.

People in London, for instance, have the most leftover cash at the end of the month typically, at nearly £278, while those in Wales have the least at their disposal when the month is up, at just under £199.

Figures released by the Office for National Statistics show that inflation fell to zero in February, boosting the spending power of consumers by helping their wages stretch further than before - and it is expected to dip further in the coming months.

But policymakers fear a prolonged period of negative Consumer Prices Index inflation could have damaging effects across the country.