Annual Travel Insurance
08 July 2006 Summer holidays stretch family budgets
Families could spend as much as £600 pounds keeping their offspring entertained this summer, according to new figures from Abbey.
Working parents are expected to spend around £50 per child per week of the six-week school holidays on childcare arrangements, in addition to their family holiday and travel insurance expenses.
Nearly a third of parents questioned stated that they will spend up to £150 per week on their children while on holiday abroad, with ten per cent admitted to spending as much as £400 on keeping the kids entertained each week while overseas.
Abbey's Head of Savings Reza Attar-Zadeh: "Our survey shows just how financially stretched parents can be over the school holidays, both in terms of finances and time.
"Many will be beholden to family and friends, while others have to make alternative childcare arrangements or cut down their working hours, both of which can have a significant financial impact."
The survey also showed that 32 per cent of parents rely on their savings to pay for summer holiday expenses, although savings can be made by taking out an annual travel insurance policy, which will cover all trips taken throughout the year.
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Families could spend as much as £600 pounds keeping their offspring entertained this summer, according to new figures from Abbey. Working parents are expected to spend around £50 per child per week of the six-week school holidays on childcare arrangements, in addition to their family holiday and travel insurance expenses.
Nearly a third of parents questioned stated that they will spend up to £150 per week on their children while on holiday abroad, with ten per cent admitted to spending as much as £400 on keeping the kids entertained each week while overseas.
Abbey's Head of Savings Reza Attar-Zadeh: "Our survey shows just how financially stretched parents can be over the school holidays, both in terms of finances and time.
"Many will be beholden to family and friends, while others have to make alternative childcare arrangements or cut down their working hours, both of which can have a significant financial impact."
The survey also showed that 32 per cent of parents rely on their savings to pay for summer holiday expenses, although savings can be made by taking out an annual travel insurance policy, which will cover all trips taken throughout the year.
More Annual Travel Insurance News
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Related Annual Travel Insurance News
29 August 2007 Beach holidaymakers get safety warning
Britons have been advised to stay safe when on the beach, as a... [more]
28 August 2007 Nearly two million Britons 'head abroad on Bank Holiday'
Almost two million Britons took advantage of the recent bank holiday weekend to... [more]
24 August 2007 Direct flights boosting Cape Verde travel
Increasing numbers of property investors and tourists alike are heading to the... [more]
23 August 2007 Britons 'prefer epic drives' to air travel
With increasing security measures at airports and risk of delays and costly... [more]
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Annual travel insurance
365 Travel Insurance
specialises in annual,
multi travel insurance
to Europe and worldwide.
Annual travel insurance
from 365 Travel Insurance
covers you for an unlimited
number of trips abroad for 12 months.
Click below to get an annual
travel insurance quote
specialises in annual,
multi travel insurance
to Europe and worldwide.
Annual travel insurance
from 365 Travel Insurance
covers you for an unlimited
number of trips abroad for 12 months.
Click below to get an annual
travel insurance quote