Cool an urge to splurge in heat of summer moments

SUMMER holidays are in full swing and while it’s tempting to splash out on flights, food and fun, letting your spending spiral could bring you back home with a financial bump.

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"Summer is traditionally a time when households loosen the purse strings, and after a tough year or two, it’s completely understandable," said Joe Smithies, head of advice at PennyPlan.

"But without careful budgeting, the result is often higher credit card balances and spiralling interest charges."