Money coaching expert reveals summer holiday ideas to ease parents’ money worries
Katie Johnson is a money coaching expert from the charity, Christians Against Poverty. She’s been running face to face budgeting sessions in local churches for 17 years.
Katie is warning that low income families are under immense financial strain this summer, as rising household bills and additional school holiday costs threaten to push parents into unmanageable debt.
New UK polling released by CAP reveals:
15 million
(27%) of UK adults report having less than £1,000 in savings
35%
of 18–34 year-olds have less than £1,000 in savings, compared to 16% of those aged 55+
35%
of UK adults say they have never been taught how to manage money
Money coaching expert, Katie Johnson, has helped many families over the last 17 years to break free from debt and learn vital budgeting skills.
Katie says: “The reality is that some people have never been taught how to manage money. With little to no savings in the bank, this can cause huge anxiety for parents who are anticipating extra costs this summer.
“The long school holidays can be one of the toughest periods for families in financial hardship, with many mums and dads having to hide their struggles from the kids. Now, with higher energy bills and rising household costs, it’s pushing families to breaking point.
“However, there are some practical steps you can take this summer to ease the pressure on your budget and avoid the trap of spiralling debt.”
Summer holiday ideas to ease money worries
1. Set a summer budget
Decide on a total amount you can afford for the entire summer holiday period, then break it down into a weekly allowance to help avoid overspending early on.
Get help making a summer budget
Download our free budget worksheet2. Search for free activities
Check local libraries and museums, or search your council’s website for free activities, meals, and holiday programmes. Churches and community hubs often host free events too, so it’s worth checking community Facebook groups to see what’s on in your area.
Need some inspiration?
Find free summer activity ideas here3. Keep food costs low
Many restaurants and cafes offer “Kids Eat Free” or “Kids Eat for £1” deals during the holidays. You can also pack a picnic for day trips to avoid expensive snacks when out. To save money, search online for local community pantries and food banks offering free or discounted food.
Find out where kids eat free
Find pub, restaurant and cafe deals here4. Manage expectations
You don’t need to spend a lot for your children to have a great summer. Children often value the time spent together more than expensive days out, so be open with your kids about your plans and explain that you’re focusing on “free fun” this year.
5. Get help if you’re struggling
CAP offers free debt help, money coaching, life skills groups and job clubs, as well as free emergency food and fuel top-ups for clients in crisis. Find local CAP services here, or if you’re struggling with debt, you can call CAP’s free helpline on 0800 328 0006.
Katie continues: “I urge anyone who is struggling with money worries to seek support early on. CAP provides both practical and emotional support, so please don’t suffer in silence – we’re here to help.”
Find more summer savers blogs with more helpful tips here.
