3 Ways to Save Money on Summer Holiday

Highly anticipated summer holidays only come around once a year, so families want to make the most of the warm-weather holiday travel season. However, if you think you’re the only holidaymaker eager to enjoy a summer excursion, you’re due for a wake-up call. The fact is making holiday just after schools let out for the summer season is a goal shared by countless UK families, each poised to travel at the same time of year.

Like most other industries, travel businesses set their prices based on supply and demand. During summer months, when people are most likely to travel, related goods and services are typically priced higher than other times of year. When you travel in the summer, expect to pay a premium for hotel and resort accommodations, airline tickets, ground transportation, tours, and other holiday needs.

If you are excited to plan summer holiday, but worried about the high cost of peak season travel, these tips can help you stretch your budget. You may need to pare-down lofty expectations, or devise creative travel solutions, but a fun, relaxing holiday is within reach.

Term-Time Holidays

UK laws require children to participate in education through the last Friday in June, each year. The requirement carries through until the year each UK student reaches age 16. Exceptions are made under certain circumstances, such as illness and pre-planned absences that are justified. Unless your child is too ill to attend school, you must make advanced arrangements for any anticipated absences during the school term.

If you plan to take your child out of school during the term, you must obtain approval. Unfortunately, family holiday is not an acceptable reason for administrators to grant permission. This presents a quandary for frugal parents, because a term-time holiday is more affordable than traveling during the official school break. You’ll be contacted if your child misses school, and you can be fined for intentionally circumventing education rules.

Recent research indicates term-time holidays easily save a family of four more than £1,000, when compared to peak season. If you’re destined for the United States, the savings can be closer to £2,000, for a family of four traveling to Florida. It is up to parents to decide whether or not the savings are worth going against school rules, but the fine imposed for cutting into the term for holiday is relatively small, compared to the potential savings.

Spend Less Getting About

Your car may be the most convenient way to get about on holiday, but it can also be one of the most expensive transport options. If you’re working with a limited budget, consider some of the other more affordable alternatives.
If you’re planning a city break, public transport and coach travel can be considerably less expensive than driving your car to your destination. Taking a train or some other form of public transport not only eliminates your petrol costs, but it also wipes the cost of parking from your holiday budget. For local transport, you may be able to save money with a family travel pass.

Another way to avoid spending money on parking, petrol, or taxi service is to ride your bike. If you’re unable to bring your own, you can hire cheap bikes in many locations. And if you really want to savour the experience of exploring an unfamiliar place, consider walking to local shops and restaurants while on holiday.

Make a Claim

Travelers don’t like experiencing delays. Holiday time is short enough, so when airlines fail to deliver timely services, their customers rightfully lose patience. In addition to wasting your time, late flights can also make your holiday more expensive. Missed connections, added meals, tour delays, and other problems can arise due to airline failures, and you shouldn’t be responsible for these extra costs. When an air travel provider makes a commitment, the company should be held accountable for cancellations and delays caused within their control.

If your holiday includes service from a European airline, flight delay compensation protects you from expenses caused by schedule changes and travel slowdowns. All you have to do is submit a claim. Denied Boarding Regulation ensures that airlines are held responsible for cancellations and delays. If extraordinary circumstances prevented the airline from meeting scheduled responsibilities, your claim may be denied. But if the company simply failed, you are entitled to compensation for things like communications costs and accommodation.

Wherever you’re bound for summer holiday, you can save money and protect your travel investment by properly timing your excursion, using cheap transport alternatives, and claiming damages when flights are cancelled or delayed due to airline errors.

Paul graduated in 2001 with a degree in Finance. Since then he has gone on to work for several of the UK's most well-known financial institutions.

An avid blogger and a huge football fan, Paul is here to guide you through the ins and outs of personal finance and perhaps save you some money in the process!

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