Research by has revealed that the average British holidaymaker spends all the money they take with them on holiday, with the majority frittering some away just to use it up.

Some 2,168 people who had been abroad on holiday in the past 12 months completed the survey.

When asked, 'On your last holiday, did you spend all of the money you took with you for spending?’ 67% said they spent all that they took, while 21% said they spent more than they originally took and budgeted for.

Of the respondents who had spent all their money (an average of £150) on unnecessary purchases, 88% said the most common reason (52%) was because they ‘couldn’t be bothered’ to change the money back to GBP on their return home.

When looking at the most common purchases amongst those frittering holiday spending money away, ‘gifts for others’ was the most common buy for holidaymakers looking to get rid of excess foreign currency.

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