All eyes were on the Bank of England (BoE) this week, as the group decided to hold the UK’s interest rates at 0.5%. This move came despite speculation that rates would be cut in the wake of Brexit, which triggered the price of sterling and UK shares to plummet to their lowest rates for years. This may little more than a temporary state of affairs, however, especially with the value of the pound remaining low and the UK tipped to enter a recession later in the year.

With this mind, heading off into the sunshine may represent a huge financial challenge for a lot of families who are on a tight budget this summer. With holidays also getting more and more expensive year on year, they are more of a luxury now than ever before and may prove to beyond the means of most families in the current economic climate.

Cost-cutting ideas that can help you to plan your Travels this summer

There is hope for families, however, especially given the diversification that has taken place in the travel and leisure sector in recent times. Here are some saving tips for people wanting to go away this summer so you enjoy the summer holidays too, at a fraction of the price: –

Camping

It might not be a luxury resort in Barbados but going camping in the English countryside can be the perfect family holiday. Drop on a good weekend in the lakes and you’ll have bundles of fun out walking, sailing and riding bikes in the English sunshine. Camping is much cheaper alternative to going overseas and can be so much more fun, especially if you’re the sort of family which love being active.

Last minute deals

If you have your heart set on going abroad and getting a tan, then one way to save money is to leave booking your holiday until the very last minute. Last minute deals can be a bit of a gamble but they’re definitely the time to get the best bargains and can guarantee huge savings. It’s recommended to start looking a week or two before you’d like to go away to drop on the best deals, Bolsover Cruise Club have an amazing range of last minute deals available, just remember to be prepared to be flexible on location if you’re going to leave it last minute.

Cornwall

A key way to save money is by holidaying in the UK, with tons of gorgeous destinations the UK can provide some of the best summer holidays. Cornwall is one of the best places to head to in the summer as you’re guaranteed much warmer weather thanks to its most southern location and gorgeous beaches. There are plenty of opportunities for water sports with surfing, windsurfing, sailing, snorkelling, diving all really popular. Accommodation can be as expensive or cheap as you make it with camp-sites, caravan parks, hotels and log cabins all available.

Saving money and still having a great summer holiday can be done with any of these options. Whether you want to wait until the last minute to chase the sun or plan a camping holiday or road trip to Cornwall, you’re sure to spend a lot less and have just as much fun!