27 JULY 2005

BUDGET WELL FOR YOUR HOLIDAY; "CLOSE TO 60% GO OVER BUDGET WHILST ON HOLIDAY"

Moneybasics tips for summer spending

Most of us shop around for a good deal when we book a summer holiday, but once we’ve got the tickets in hand, our good intentions are often forgotten. A user poll carried out by www.moneybasics.co.uk shows that while almost two thirds of us set a budget for our holidays, almost 60% admit to going over budget while away. The trick, advises www.moneybasics.co.uk, the independent site backed by Credit Action, Consumer Credit Counselling Service and GE Money that helps people manage their money, is to think about your finances not just when you’re planning your trip, but while you are away and when you get back.

Keith Tondeur, chairman of the www.moneybasics.co.uk advisory panel comments:

"Knowing how much you can afford to spend is a good start to any holiday, but it doesn't stop there. Think about your spending needs before, during and after your holiday has come and gone, and gather as much financial know how so that your holiday not only begins well but has a happy ending."

www.moneybasics.co.uk recommends:

Pre-holiday financial tips

Holiday financial tips

Post holiday financial tips