Summer holidays leave parents fearing higher energy bills, poll finds

Maike Currie, vice president of personal finance at PensionBee, said: “Summer can be one of the most expensive times of the year for families.

“It’s not just the cost of holidays and days out that stretches the budget, but the hidden expense of having children at home, from higher energy bills to extra food and entertainment.

“With so many seasonal costs competing for your money, it’s easy to focus on the immediate pressure. But before cutting back on long-term savings like your pension, look first at discretionary spending. Small decisions today can make a big difference to your financial future.”