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Families budget for half-term sunshine

Lots of families will have headed off to enjoy some winter sunshine this half-term holiday week.

New research from Lloyds TSB shows that the family half-term break remains popular, with 20 per cent of parents planning on taking their children abroad this holiday.

However, many families will have their relaxing break affected by worries about how to manage their money when they are away, the survey indicated.

Around 41 per cent of parents said that they have trouble budgeting and would probably end up spending more than they had intended on holiday, while 17 per cent didn't even bother to set a budget in the first place.

Jatin Patel, head of travel and international payments at Lloyds TSB, explained: "Keeping money safe and sticking to a budget can be difficult at the best of times, but when you're on holiday and in unfamiliar surroundings, it can be even more of a challenge."

Half of parents said that they would take cash with them rather than using travellers' cheques or debit and credit cards, but only 46 per cent said they would make use of the hotel safe, with 13 per cent opting to hide cash around their hotel room.

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