Family holiday 'helps finances' - Credit cards - News - Moneyfacts


Family holiday 'helps finances'

Family holiday 'helps finances'

Category: Credit cards

Updated: 31/10/2008
First Published: 29/09/2008

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Cash-strapped adults are considering holidaying with their parents in a bid to save money, it has emerged.

Research by Saga has revealed that almost half of adults in their late 20s who last went on a family holiday in their teens are now travelling abroad with their parents as they attempt to save money as well as benefit from the added option of free childcare.

Chief executive of Saga Andrew Goodsell remarked: "It is encouraging that a positive outcome of the credit crunch hitting younger travellers could be that families, including grandparents, are getting to spend more time together."

One way to save money could be to undertake a quick credit card comparison to spot which products do not charge additional fees for use overseas.

Abbey recently discovered that around 15 million Brits will be heading abroad to catch some winter sun later this year, with an average of £195 likely to be spent on credit cards.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

It’s looking to be a credit Christmas

We are now less than 70 days away from Christmas, and with 70% of people admitting they haven’t started saving yet, millions will be needing to play catch-up - and plenty planning to turn to credit for some Christmas spending relief.

Can no credit score be as damaging as a bad one?

Debt is becoming an increasing problem, which is why those who have no credit commitments often feel pretty smug about it. However, while not relying on credit is admirable, having no credit score can actually be just as damaging as having a bad one.

Know your credit score – key to better borrowing

We all know how important it is to be credit savvy. It’s the only way to make credit work, which is why it’s so concerning that so few people know their credit score – and some don’t even know how much they’re borrowing.