Parents spend an extra £1,000 a week during the summer holidays, according to new research by life insurance broker Reassured. They recently surveyed 1,000 parents to reveal the actual cost of the school holidays and found that parents were typically spending a whopping £1,000 more a week during the summer break compared to term time.
School holidays are a great time to be a child. Six weeks of no school and nothing but time to do all the fun things and make memories that last a lifetime. But the cost of living crisis has made it difficult for many parents to make ends meet. When you consider how much it costs to raise a child and high average childcare costs, it's no wonder parents are desperate for ways to cut the cost of childcare. And the six weeks (or more) break from school can cost parents dearly, with many needing to save up in advance or alter their family budgets to cover the costs.
