| Wed July 11, 2007
The rising costs of keeping the kids entertained through the summer holidays is set to almost hit £5 billion this year, a burden that homeowner loans can help with.
Parents expect to spend an average of over £1,300 on entertaining the kids and trips away this summer, with holidays abroad costing the most at over £730, according to the Abbey poll.
While these expenses may seem daunting, taking a secured loan or homeowner can be a sensible way to spread the cost of holidays and unexpected expenses.
"Kids can be pretty demanding and summer holiday boredom is difficult to budget for," said Steve Shore, head of banking at Abbey.
"There are plenty of ways to keep children entertained, but these can be costly and parents can get caught out by unexpected expenses. It's important that families try to set aside some extra cash in advance of the summer holidays, just in case," he added.
The study also found 41 per cent of adults underestimating the cost of the school holidays last year, suggesting that the financial security of a secured loan would be a welcome addition for many families.
Source:
http://www.netloans.co.uk/articles/Summer-holiday-costs-covered-by-secured-loans-414.aspx |
