Living in Britain can have its upsides, but then again it can also have it downsides. One of the biggest, age-old gripes that many people have with our country is unsurprisingly, the weather. As sad as it may seem, statistics suggest that the average Brit will complain approximately 260 times per year about the frequent lack of sunshine. Is it any surprise then, that when asked the question “what are you most looking forward to doing this year”, over 70% of respondents replied “a well deserved holiday in the sun”.
  
Holidaying abroad has become a mandatory part of many people’s annual routines, however according to a new report it is also a primary contributor to personal debt. Accordingly, over 10 million people admit to becoming indebted as a result of their annual vacation. Holiday’s have become an expensive luxury (especially if you have a large family), and many people have no other option than to turn to credit in order to fund their excursions. Worryingly almost 10% of people admit to struggling with holiday-induced debts for sometime after they return.

It has been suggested that people who do suffer financially as a result of a holiday, could have avoided the situation by planning the trip a little more thoroughly. As with many other aspects of personal debt, planning ahead and avoiding the temptation to over stretch the purse strings is the best way to avoid a negative situation.