Travel site momondo recently carried out an extensive survey of Brits’ travel spending habits of 2017.

It found that 47% of Brits set money aside regularly to be spent on holidays, 18% pay for a trip in installments, 15% save by making regular contributions to a fund shared with friends or family, 13% sell things, 7% take an extra job in the lead up to the holiday, 6% borrow from a bank, 4% borrow from friends or family and 3% let out their home while away to hoard extra pennies.

The company's Neil James Cartwright said: ”Our survey shows traveling is of the upmost importance to Brits, who habitually stockpile cash, sell unwanted items and even take on extra jobs, in order to regularly get away. To us, this shows Brits understand a holiday relaxes you in a different way when you take it abroad, far, far away from the daily grind.”

While one in five of us don’t worry about how expensive or inexpensive the holiday is, the report found that 29% prefer to save money on accommodation and 27% of us look to save on flights – perhaps by choosing slightly less convenient flight times. Some 25% of Brits aim to save on meals and snacks during the holiday by stocking up at the local hyper Marché and cooking for themselves when possible.

Furthermore, 24% prefer to choose cheaper evenings out and 19% choose cheaper (or free) excursions and sights to see. Also 16% save money on car hire by booking well in advance and shopping around for the best deals.

Lastly 15% of Brits prefer to save even more money by opting to avoid car hire entirely and utilise public transport to reach destinations.

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