Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
20 June 2017 08:04
Many parents cut back on spending in June to fund the school holidays
From trips abroad to days out closer to home, the school holidays can be a costly time for families.
And now new research suggests that two in five parents are already having to make cut-backs in order to prepare for the summer break.
Groupon has reported that 39% of mums and dads cut their spending during June in an effort to boost their summer budgets. They typically set aside £220 over the course of this month.
It was even discovered that in 9% of cases, parents start planning ahead up to six months in advance.
When planning foreign holidays, parents have a range of financial issues to consider. Along with hotels, flights and trips out, trusted travel insurance is also something that needs to be invested in.
The high cost of entertainment
Whether at home or abroad, the new research indicates that parents typically spend £251 to keep their children occupied during their time off school in the summer. During the holidays, they also spend £138 more than their usual household outgoings.
By the close of August as children near the end of their holidays, it seems many parents struggle to come up with new entertainment ideas. Some 45% said they tend to struggle by that point.
Julie Szudarek, international president of Groupon, said: "Parents are bombarded on a daily basis by images of perfect family scenes, relaxing holidays and calm reading sessions, but we know the reality is usually far more chaotic."
Inflation risks
Some 2,000 parents from across the country were polled as part of the study. They had children at either primary or secondary school level. A further survey of 1,000 parents with children under 18 was also included.
Parents could face higher costs this summer as a result of rising inflation. It was recently revealed that Consumer Prices Index inflation reached 2.9% in May, the highest level since June 2013.
19 February 2019
Hundreds of passengers have had their travel plans cancelled following the collapse of airline flybmi.
[more...]
16 February 2019
Holidaymakers were left fuming after a "lack of clarity" over Brexit led a Romanian airline to cancel flights from Liverpool's John Lennon Airport.
15 February 2019
British Airways celebrated Valentine's Day with a special flight where all members of the cabin crew were couples who work for the airline.
14 February 2019
The "concerning" level of stigma surrounding the human papilloma virus (HPV) could be putting some women off going for vital check-ups, campaigners are warning.
13 February 2019
Older people living with depression should be given better access to community activities and therapy instead of being prescribed antidepressants, researchers have urged.
12 February 2019
The Government has been criticised for failing to act on warnings about the link between processed meats and cancer, by the scientist who co-authored the original advice.
09 February 2019
A grandfather who has battled three types of cancer is cycling from Twickenham to Tokyo in time for the Rugby World Cup - all in aid of charity.
08 February 2019
Lovers of traditional fish and chips are embracing a more health-conscious version of their favourite food, a new study suggests.
07 February 2019
Two thirds of UK adults don't know they're able to lower their risk of developing dementia, new research has shown.
06 February 2019
More than 600 people a day are quitting their jobs to care for relatives, a charity has warned.
05 February 2019
Millennials in the US face an increasing risk of developing an obesity-related cancer, a new study has revealed.
02 February 2019
More than 100 people sought refuge at a pub high on Bodmin Moor overnight after heavy snowfall hit the A30, leading many stranded motorists to abandon their cars.