School holidays cost parents £5.6bn

The school summer holidays will cost UK parents £5.6 billion this year, according to a survey by Monkeysupermarket Vouchers.

In a survey of 3,000 parents, 64% said they were worried about how much the school holidays were likely to cost.

The expenditure amounts to £330 per family, said Moneysupermarket Vouchers, which conducted the poll.

Despite the pressure on family finances, parents are determined their kids will have a fun-filled summer holiday. Four in five (83 per cent) say they’ll be using discount vouchers to make their money go as far as possible and over a quarter (27 per cent) plan to give up nights out with friends.

Last year’s ‘staycation’ trend looks set to continue with over one in ten families (12 per cent) planning to save money by not going abroad. Theme parks are set to be the most popular day out with over half (53 per cent) of parents planning a trip. Forty five per cent of families will visit their local swimming pool and 31 per cent plan to go bowling.

Sian Harrison, of, said, “The long summer holiday can be a real stretch on family finances, however, our research shows parents are determined not to let the kids go without. By using money off vouchers, families can cut the cost of the summer holidays, saving up to 50 per cent on restaurants and popular attractions like Alton Towers and Chessington, giving the kids a fun day out without breaking the bank.

“It’s also important to remember you won’t always need to travel to make savings; with the go-local search on Moneysupermarket Vouchers you’ll find a wide range of money saving offers on your doorstep.”

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