A new poll by Sunshine.co.uk has revealed that the average British holidaymaker spends £500 more than they planned to whilst on holiday, with most blaming the ‘cost of food’ for their overspending.The research polled 1,229 Brits who had been on holiday in the last three years.
When asked, ‘During your last holiday, did you spend more than you planned to?’ the majority, 71%, said ‘yes’. These respondents were then asked to estimate how much they had gone over their original spending budget by and the reasons why they thought they had accidently overspent.
According to the results, the average holidaymaker spends £500 over their original spending money budget. The majority of those who overspent, 55%, were ‘self-catered’ on their last holiday. When looking into the reasons why this had happened, the top five most common causes for overspending, as stated by respondents, were cost of food – 31%; alcohol – 23%; impromptu excursions – 16%; public transport – 9%; and gifts for people back home – 8%. Other reasons for overspending included 'upgrading in their choice of accommodation’, ‘spending money on clothing’ for themselves and costs for ‘unexpected medication'.
The company's co-founder, Chris Brown, said: “It’s always a good idea to set a budget for spending money, but it can be really hard to stick to that, because you never really know how much food, excursions, drinks and general day-to-day costs will amount to. I’d always recommend working out an initial budget for spending money so you can stick to that as much as possible, but then always have back up in the form of a credit or debit card if you can. “One of the easiest things to do, to avoid overspending or running out of money altogether, is to go all-inclusive on your holiday. You’ll always know then that, at the very least, you’ll always have food and drink for the duration of your holiday. Any money you take can then just be used on the odd day trip or gifts.”