WB Debtcare advises parents to plan ahead to avoid getting burnt by the true cost of family holidays

With research showing the average holiday cost for a UK family of four taking a two-week break is £4792 – on top of which, while on holiday Britons tend to use up an average of £227 per person for each week they are away on holiday spending – consumer debt experts WB Debtcare is advising parents to plan ahead to avoid getting burnt by the true cost of a family holiday in the sun.

jun19 gordon chalmers

Gordon Chalmers, partner and insolvency practitioner at Glasgow-based WB Debtcare, suggests that sunseekers should budget for their holiday spending splurge throughout the year. “With the end of the school term imminent, many families will be all set to jet off to the sun to seek some much-needed relief from work and exam pressures by letting off a little steam at the beach or poolside,” he said.

“But jetting off to the sun can lead to financial strain as many of us seek to finance our summer holidays out of a few months’ salaries when what we really should do is allocate a sum of money each month throughout the year to put towards a holiday fund.”

Chalmers said that, for those who fail to plan ahead, many are unaware of how much debt they have until they discover that they are unable to get money out of the bank when the holiday is over.

“It’s often not until a visit to the cashline that many holidaymakers realise they have a problem and need to speak to an adviser,” he said.

“Many are unaware that there are various voluntary solutions available to them that will enable them to write off their debts and be debt free.”

WB Debtcare offers a range of financial solutions to individuals in financial distress, providing free, non-commitment consultations to deal with debt in Scotland, including a Trust Deed, the Debt Arrangement Scheme and sequestration.

“Hopefully sunseekers will not find themselves struggling financially this summer, but anyone suffering a post-holiday financial hangover should talk to an adviser about which financial solution would best suit their particular circumstances.”

ENDS

For further information please contact Gordon Chalmers on 0141 566 7000

Issued on behalf of WB Debtcare by Liquorice Media tel 01877 382961 www.liquorice-media.com

Date: 28 June19