School holidays mean money worries for one in three parents

Stressedmum

Turn2us reveals the financial pressures which school holidays bring

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18th July 2016 by Graham Martin 0 Comments

School holidays are a major financial stress for parents, according to a national charity.

The findings of a survey by Turn2us show that over a third of parents are worried about the impact of the school break on their ability to pay household bills and expenses, whilst over two-fifths are concerned about spending more money on food for their children.

In addition, over a fifth (22%) of parents worry about the additional childcare costs they incur during the holidays, and as a result of these costs, one in six say they will have to borrow money through credit cards, overdrafts or loans over the summer.

Turn2us, which provides help and adice for people living with poverty and debt, is encouraging parents who are struggling to check their eligibility for additional financial support.

The extra financial costs that the school summer holidays bring create added pressure for already struggling families

The charity’s free and confidential website –Turn2us.org.uk - includes information on help with childcare costs and other support available to parents.

It features a benefits calculator for people to check their entitlement to welfare benefits and tax credits and how to make a claim, and a grants search to check eligibility for a grant and other support from over 3,000 charitable funds. 

Simon Hopkins, chief executive of Turn2us, said: “The extra financial costs that the school summer holidays bring will create added pressure for families who are already struggling with the costs of housing, food and other essential bills.

“Yet we know that people aren’t always claiming the support available to them, and shockingly, the latest statistics show that around £16 billion in welfare benefits goes unclaimed each year.

“With 88% of parents who do claim saying the extra support has had a positive financial impact, we would urge families struggling to make ends meet to visit our website to see what help could be available. It could make all the difference this summer and beyond.”