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Summer on a Budget?

  • 22nd Aug 2014

Summer on a Budget?

According to the Express, the Post Office has found that during the six-week summer holidays, parents are likely to spend as much as £492 on entertainment for their children alone - this is an incredible 26% increase on the same time last year. 

In addition, as many as one in four predict that they will eventually have to dip into their current savings while 16% said that they would consider halting saving in order to "make ends meet. "Shockingly, almost 20% ‘will rely on their credit card' while a further 17% of people are "prepared to work overtime to boost the family's monthly budget."

Furthermore, 10% admit that they would sacrifice paying their general household bills in order to cover costs during this season.

Post office worker Nick Kennett said, "The significant rise in parents' spending this summer may be due to families feeling a renewed sense of confidence as the signs of economic recovery take hold."

"But while it is important to keep your children entertained, it is a good idea to plan ahead and budget wisely."

GE Capital Direct worker Sheragh Beirne agreed with Kennett's outlook and said, "The temptations are plentiful, especially in the lead-up to school holidays as families plan for days out."

"But quality time together need not come at the cost of your savings. The key is to budget - and stick to it."

So, with this in mind, we here at Allen's Caravans want to show you just how easy it is to make a quick budget plan and then the rest is down to you! Click here for money saving luxury caravan holidays!

Making a quick budget plan

Income and Outgoings

First things first, you need to work out your monthly income and outgoings before you can touch a penny. The best thing to do is to write down all of the things you need to pay out for that month and subtract them from your estimated monthly pay. If you're unsure how much is going to come out, it's always best to round it up so even if it's a bit less, you won't be disappointed and leave yourself strapped for cash for the rest of the month.

Leisurely Expenses

Second, you need to decide exactly what you're going to do during the summer holidays and what is necessary i.e. childcare, petrol etc. and set a budget for it all. This might mean £50 a week for petrol and the same for childcare; as mentioned always round the figures up, any spare cash is just a bonus! Also, don't forget to look online for family fun day tickets as there tends to be a lot of these going around at this time of year.

Lastly, something that people always love to do during the summer is go on holiday and there's no reason why you can't have a lovely trip away on a budget? You don't even have to leave the UK! We have many caravan sites all equipped with necessary and leisurely facilities to meet your needs and desires.

If you'd like to enquire about one of sites or you have any questions regarding our available facilities during this time of year, please do not hesitate to get in touch today! We look forward to hearing from you. 

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