Could Homegrown Holidays Stop You Borrowing From The Bank Of Mum And Dad?

by Lexa Pennington /
Lexa Pennington's picture
Feb 12, 2014 / 0 comments

It’s a tough time to be young; with high unemployment, high prices, and high debts, it can be a struggle to get by. But although we’re cutting back on some things, recent figures show that despite this difficult economic time, Brits see their holiday as a non-negotiable luxury.

Perhaps this explains the high quantity of lending between family members over the past 12 months. Figures show that the over 65s have lent £1.2 billion to loved ones over this period to help them to fund their holidays and luxury lifestyles.

More than one in ten said that they had lent at least £1,000 in the last year, and a massive 33 per cent said they had lent money to pay off a loved one’s debts. This is despite the fact that the over 65s have half the household income of the rest of the population.

So to help alleviate monetary issues, and to prevent any household disputes surrounding lending, why not try a holiday in the UK this year for a cheaper getaway?

We live in a fascinating and beautiful country, which most Brits only ever see a small portion of. So cut out the pricey flights and why not take a trip within the British Isles instead? Staycations in Britain are becoming increasingly popular. For example, Expedia offers great deals on hundreds of hotels across the country. Visit the site now to search for your next destination. Here are a few of our best British holiday ideas:



If you’re not from there, London makes the perfect location for a ‘staycation’. The capital offers endless accommodation options, cheap sights and attractions, and a thriving nightlife for all budgets. Choose a hostel if you want to keep costs even lower – London has some hip and popular hostels to cater for the young clientele.



Grab a room in a guesthouse in Torquay for a great break on the beautiful Devon coastline. For the city-dweller it can be a welcome escape to head into the countryside and breathe some fresh sea air. Keep things affordable and enjoy getting out and about, checking out free activities in the great outdoors.



The Scottish capital is a fantastic city break getaway. Crammed with a wealth of tourist attractions, great shopping and bustling bars, not to mention one of the most memorable castles in the country – situated in the heart of the city – it is difficult not to fall in love with Edinburgh. For an even better time visit during Hogmanay on New Year’s Eve or during the world renowned Edinburgh Festival, held every in August.


Cockburn Street, Edinburgh

Cockburn Street, Edinburgh. CC: David Monniaux


A Spa Weekend

For those in need of rest and relaxation, book a spa hotel in the countryside for a weekend of pampering and walks. Or choose one in the city to combine it with shopping or sightseeing.