One in six people don’t save anything to fully spend on travel – and of those who do save, they spend up to £1,500 a year on holidays.
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Half of Britons admit they “live for the holidays” and put every penny of their excess into their travel budget.
A survey of 2,000 adults found that once they had their “permanent home”, one in six left no savings and instead spent all their cash on travel.
And a third (33%) admit their days off are the only reason they have a stressful job – because they need money to pay for their trips.
A quarter said they felt “empty” unless they had planned a big trip, while 67% said it was something positive to look forward to.
Medicspot, an online GP service, conducted the survey after a sharp increase in the number of claimants Vivid Recovery Certificate to travel to prove that they have tested positive in the past six months.
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A spokesman said: “Everybody loves planning a holiday, now more than ever, because it gives us something to look forward to and get excited about.
“Saving money can be difficult, but when it comes to doing something, like traveling abroad, it becomes so much easier and more worthwhile.”
The average adult goes on holiday three times a year and, among savers, will accrue £133 a month – the equivalent of more than £1,500 a year.
A third have had a “tourist fund” for at least five years, while a quarter only started their fund within the past 12 months.
Research shows that three out of 10 people will book a vacation three months in advance, while one in six spontaneous will buy a contract just four weeks in advance.
Up to 4 in 10 say their love of vacations has increased since the pandemic, with 48% wanting to try new experiences.
And 52% said they want to embrace life more, while more than half just feel grateful to be able to travel again, according to OnePoll research.
A third said not being able to fly abroad is one of the worst things about the pandemic, and 51% are desperate to travel this year.
(Picture by Peter Dazeley/Getty)
It’s been almost two years since the average Brit goes on holiday, with 40% owning the list of destinations they will visit in the next 24 months.
When asked what is more important to them, 47% ranked holidays higher than weddings (17%), home renovations (33%), and even children’s education funds (53%).
The top reasons people go on vacation are to relax (72%), escape from everyday life (63%) and enjoy new experiences (57%).
And nearly half (48%) simply want to enjoy warmer weather.
A Medicspot spokesperson added: “I think we’ve all experienced a new appreciation for life.
“Things like vacations are at the top of our priority list so we can make lasting memories and enjoy new experiences.
“We’ve all had a rough couple of years and I think everyone deserves a break – whether it’s a weekend away somewhere or a long family adventure.”
https://www.mirror.co.uk/travel/brits-save-money-holiday-fund-26403599 Half of Britons admit they 'live for the holidays' and spend all their excess pennies on travel