UK holidaymakers are increasingly caught short before the end of a holiday
New research has revealed that British holidaymakers are, on average, out of pocket two days before the end of a seven day holiday.
The research, conducted by Teletext holidays, surveyed 2,750 people and revealed that they have spent seven days’ worth of holiday cash five days into their seven-day break.
According to the study, a large number of people end up putting money on their credit card when they run out of cash.
One third of individuals spend an additional £218.70 on credit cards as the last two days are a struggle.
Victoria Sanders, of Teletext Holidays, said: “It’s important that people look at the total cost of their holiday at the time of booking and consider what’s included and what’s not if they want to avoid a big credit card bill to welcome them home.
70% of respondents said they spend approximately 5 months saving an average of £621.91 before they jet off, but generally this is already spent by the fifth day of the break.
Ms Sanders also commented on the attitude of Brits who overspend on holiday:
“Caution with money often goes out the window the minute people step foot on foreign soil. The attitude
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Louise Holmes of comparison site Moneyfacts said: “Withdrawing cash on a credit card, rather than a debit card, is never advisable.
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