A recent survey has revealed that the majority of sun seekers will probably overspend during their vacation.

Figures from NS&I showed that 61 per cent of British holidaymakers said they usually exceed their budget while on holiday.

Disturbingly 20 per cent also revealed they did not bother to assess their financial situation before they departed despite the over bearing reality of the credit crunch.

"There is no doubt that holidays and spending while abroad are costing Brits a lot more than many bargain for, but people need to think past simply enjoying themselves and to plan their finances so there are no nasty shocks when they get home and face the bills," Dax Harkins, senior savings strategist at NS&I, explained.

"Given the expense, it is great to see that a quarter of people do save in advance, but it is clear that more of us need to set money aside specifically for holidays or the holiday spirit will come back to earth with a bump on the return home."