Saving for vacations will prevent financial hangover, says Halifax

www.moneynews.co.uk > General finance > Saving for vacations will prevent financial hangover, says Halifax

Saving for vacations will prevent financial hangover, says Halifax

Thu 3rd Sep 2009

Less than half of the population normally saves up money for their yearly holiday, but this will leave holidaymakers with a financial hangover when they get home, according to Halifax.

In recent research by the organisation, it was found that only 44 per cent of people generally saved up each year for a holiday, but that this year 84 per cent were putting money away to make sure they got a vacation at some point.

Flavia Palacios Umama, head of Halifax savings products, commented that this was the best way to get away and enjoy the sun, as you are not worrying about the financial trouble you are putting yourself in.

"It is great to see that so many people are saving towards their annual holiday which should give them a real sense of achievement on a well deserved vacation."

The survey also showed that 51 per cent of people have decided that they are going to save up for their holiday in 2010.

A recent study by the company also showed that 73 per cent of students are now working alongside their studies because of money worries.

Click here for more general finance news

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued

Related News : Halifax
	Halifax reveals affordability boost for first-time buyers
	UK house prices fall in August, says Halifax
	People pay out 7m per year due to 'cowboy' traders, claims Sainbury's
	Tighter times mean British households go bargain hunting, claim Halifax
	Halifax announces longest ever balance transfer credit card deal
	Lenders see ten-month high in first-time buyer mortgages
	First Direct launches new fixed-cap tracker mortgage
	Housing affordability for first-timers at 8 year high, claims Halifax
	NLA survey reveals landlords jittery over possible rate increases
	Halifax: Not enough people are saving for home deposits