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Brits blow the bank for once in a lifetime trip

Brits blow the bank for once in a lifetime trip

Category: Money

Updated: 28/06/2011
First Published: 28/06/2011

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 It is now over 6 months old so the content may be out of date.

Money is notoriously tight at the moment, but millions of Britons are still prepared to break the bank to enjoy an experience of a lifetime.

Research by Scottish Widows has found that millions of us would happily blow a month or more of our wages to enjoy the trip of a lifetime.

The vast majority (86%) of us harbour ambitions of putting together and enjoying a once-in-a-lifetime jaunt, and almost half (45%) would be willing to stretch their finances as far as they could possibly afford to do so.

To place a monetary value on their lifelong dreams, 3.25 million would sacrifice a week's salary to achieve their once in a lifetime experience, and 3.2 million people would give up a month's salary.

Women are happier to spend as much as they can stretch to in order to achieve their once in a lifetime experience - with half of all women (50%) saying they would spend as much as they can possibly afford, compared to just 39% of men.

Travel tops the list of once in a lifetime experiences; more than a quarter of people (26%) dream of travelling the world, and a further 9% dream of holidaying in the Caribbean.

Getting close to nature is also popular; one in nine people harbor a fantasy of swimming with dolphins (11%), and one in 11 people want to go on safari (9%).

A way to boost your chances of enjoying a trip or event to remember is to ensure your savings are benefitting from as high a rate of interest as possible.

If you haven't checked your rate for some time, chances are that your funds could be getting a far more beneficial boost somewhere else.

The Moneyfacts.co.uk Best Buy tables are a great place to find the account for you.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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