Holidaymakers advised to avoid unnecessary costs

By Sarah Engle, Mon 11 Aug 2008 - Published in Credit Cards

Brits are financially well-organised when it comes to their annual summer getaway, according to new research.

A study by private bank Cater Allen found 62 per cent of people save in advance for their trip, with a further 23 per cent paying for most of their holiday out of their monthly salary.

However, 15 per cent admitted they would pay for most of their holiday on their credit card.

On average the study found a summer holiday costs Ł1,650 which works out at Ł138 a day.

Richard Dunn, managing director at Cater Allen, said: "The rising cost of living and the higher price of fuel for flights means that this summer we may have to pay that little bit more for our much needed rest and rehabilitation time."

He added holidaymakers should therefore make sure they were not paying unnecessary charges for using their cards abroad.

This comes after the Post Office revealed being forced to pay extra for using debit and credit cards abroad had come top in a poll of holiday grumbles.

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