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.
17 August 2018
People living with HIV could be offered a long-lasting injection that controls the virus and protects patients from developing AIDS.
[more...]
16 August 2018
Holidaymakers in the UK will be hit by more train price hikes from next year, after the Government announced ticket prices will increase by 3.2% in January.
15 August 2018
A simple blood test could help GPs detect a rare form of bone marrow cancer much earlier, a new study suggests.
14 August 2018
Passengers arriving at Heathrow Airport last month faced queues of over two and a half hours at passport control, new figures have revealed.
11 August 2018
Hundreds of Ryanair flights will not take off as planned on Friday due to pilot strikes in five countries.
10 August 2018
Fad diets that cut out carbs while increasing fat consumption could lead to an increased risk of diabetes, according to new research.
09 August 2018
HIV testing has become even more accessible after a self-testing kit was made available from a High Street retailer.
08 August 2018
Women patients are more likely to survive a heart attack if they are treated by a female doctor, a new US study has revealed.
07 August 2018
The head of British Airways has branded two-hour queues facing travellers at Heathrow's passport control as a "border farce."
04 August 2018
Simple factors such as gender and body mass can help doctors to personalise care for patients with type 2 diabetes and avoid harmful side effects, according to a study.
03 August 2018
Gatwick Express must no longer claim it runs "non-stop to Victoria station in half an hour" and "in just 30 minutes" unless it can achieve the time in most cases, a watchdog has ruled.
02 August 2018
A charity is calling for greater access to respite support after it emerged that 72% of Britain's 700,000 young carers feel lonely and isolated during the summer holidays.