With rising debt problems and the current recession taking its toll on Britain, people are avoiding their normal luxuries in order to prepare for the worst and to counteract any financial difficulty or debt worry that they are currently suffering.
This year over seventeen million people are giving up their normal annual luxury of a summer holiday. This is 2.7 million higher than this time in 2008. The rising prices of fuel and energy and many people suffering from redundancies and pay cuts, mean that their normal luxury of a family holiday has had to be sacrificed in order for people to continue living their normal lifestyles.
It is quite common for people to actually avoid going abroad and resorting to a “staycation” here in the UK, this way people can spend less and actually still have a break away, but a little closer to home to avoid paying for flights, extra expensive surcharges which are often added and of course the poor exchange rates, particularly for the dollar and the euro, which are making holidays even more expensive.
Those people that are going on holiday have said that they are planning on cutting their holiday budget this year and are more likely to take less spending money, book last minute deals or book a destination that is short haul as opposed to long haul in order to save money.
It has become more common as the cost of living is rising and people’s incomes are remaining the same or being reduced, that people will actually take shorter breaks or even resort to having weekend breaks instead of one week or two week breaks.
There is also evidence that a large number of people used to pay for holidays by using credit cards and then pay the holiday off after the holiday itself, whereas nowadays, with increasing worry about debt and the rising cost of living, people are much more conscious about their decisions to get into more debt, and they are actually preferring to use the method of saving up before they book or go on holiday, in order to ensure that they don’t get into even more debt.
Debts can be an issue for many people, and may cause stresses and strains in a person’s personal life. A holiday can be a great stress reliever and can benefit a person from a health perspective in terms of taking time off from their normal every day routine and taking time to reflect and relax. So it is unfortunate that so many people are choosing to forego their annual holiday in order to better cope with their debts.
It is not just the holiday booking aspect of people’s spending that is being reduced, in the first quarter of 2011 household expenditure actually reduced by 0.6 percent. It seems that many people are severely feeling the pinch and are doing whatever is necessary in order to reduce unnecessary expenditure.
If you are in debt or have debt worries, it may be worth seeking debt advice from a trained professional. The Cert DR qualification is the only professional vocational qualification that can be taken in the debt industry, so it is important to choose a debt company that have Cert DR qualified staff.
You can visit Debt Release Direct for debt help and advice on IVAs, debt management and bankruptcy.
This year over seventeen million people are giving up their normal annual luxury of a summer holiday. This is 2.7 million higher than this time in 2008. The rising prices of fuel and energy and many people suffering from redundancies and pay cuts, mean that their normal luxury of a family holiday has had to be sacrificed in order for people to continue living their normal lifestyles.
It is quite common for people to actually avoid going abroad and resorting to a “staycation” here in the UK, this way people can spend less and actually still have a break away, but a little closer to home to avoid paying for flights, extra expensive surcharges which are often added and of course the poor exchange rates, particularly for the dollar and the euro, which are making holidays even more expensive.
Those people that are going on holiday have said that they are planning on cutting their holiday budget this year and are more likely to take less spending money, book last minute deals or book a destination that is short haul as opposed to long haul in order to save money.
It has become more common as the cost of living is rising and people’s incomes are remaining the same or being reduced, that people will actually take shorter breaks or even resort to having weekend breaks instead of one week or two week breaks.
There is also evidence that a large number of people used to pay for holidays by using credit cards and then pay the holiday off after the holiday itself, whereas nowadays, with increasing worry about debt and the rising cost of living, people are much more conscious about their decisions to get into more debt, and they are actually preferring to use the method of saving up before they book or go on holiday, in order to ensure that they don’t get into even more debt.
Debts can be an issue for many people, and may cause stresses and strains in a person’s personal life. A holiday can be a great stress reliever and can benefit a person from a health perspective in terms of taking time off from their normal every day routine and taking time to reflect and relax. So it is unfortunate that so many people are choosing to forego their annual holiday in order to better cope with their debts.
It is not just the holiday booking aspect of people’s spending that is being reduced, in the first quarter of 2011 household expenditure actually reduced by 0.6 percent. It seems that many people are severely feeling the pinch and are doing whatever is necessary in order to reduce unnecessary expenditure.
If you are in debt or have debt worries, it may be worth seeking debt advice from a trained professional. The Cert DR qualification is the only professional vocational qualification that can be taken in the debt industry, so it is important to choose a debt company that have Cert DR qualified staff.
You can visit Debt Release Direct for debt help and advice on IVAs, debt management and bankruptcy.
I am the Online marketing manager for Debt release Direct. Visit Debt Release direct at http://www.debtreleasedirect.co.uk
