Finance Guide

Tesco completed research regarding credit card use for the summer.  They found of the 54 percent of people surveyed that they would be spending less on food and drink than in their last trip.  The survey also showed that these people interviewed were not going to use their credit cards when travelling abroad.  About one in seven travellers stated they would be on a budget of 100 pounds per person per week or less.  Women in this research study were found to be stricter for a holiday budget over men.

The recession that has hit the world is partly to blame for these acts of downgrading the spending consumers will do.  Consumers feel they must keep their holidays abroad at the same amount that they spend going out at home.  Several of the individuals travelling stated they would most likely stay at a place that is all inclusive or they would at least have a continental breakfast as part of their hotel stay.  Others would be bringing along foods that will travel well in their suitcases to cut down on costs. Apacs showed that 20 billion pounds on debit and credit cards was spent abroad in the last year.

For this year they expect this number to lower at least two billion.  Experts discussing credit card spending believe that many of those who have suffered from high credit card debt and high interest rates would rather not get their credit cards to an unmanageable height again even for a holiday. That said there are still a portion of people out there who are getting 0 credit cards to pay for holidays. Holidays are no longer being cancelled as they were last year.  More people are beginning to travel abroad, but this is partly due to the great deals on the internet and through travel companies.  They feel even if they have to use a credit card the debt can be paid off.