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Brits to tighten their belts on holidays this year

Cash conscious Brits will not be put off taking their annual holidays in Spain according to My Child, however one commentator has claimed that they will tighten their belts and reign in their holiday spending.

According to FairFX, almost three in five Brits plan to reduce the amount of money they spend on their holiday.

More than half claim that their intentions to retrain their holiday spending stems from an increased cost of living and higher costs of outgoings.

Stephen Heath, chief executive of FairFX.com, said that a pre-paid currency card could help Brits spend less and worry less when on holiday.

"Consumers who want to get the biggest bang for their buck when they go away should think about using a pre-paid currency card. For example, they would be able to get seven to 11 per cent more for their pound using a FairFX.com card," he claimed.

Research by the company revealed that currently, broke holidaymakers are planning on spending £460 each on their main annual holiday.

However, 19 per cent of Brits still plan to spend more than £700 on holiday this year.


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