With October half-term school holiday fast approaching, many Britons may be looking towards taking a break from the stresses of modern life by choosing to spend a little time abroad. However, Tesco Travel Insurance states that - no matter where they are going - there a number of ways that those going away can minimise any unnecessary pressures on their spending and be able to make some "clever savings".

One means the financial services firm reports this can be is through travel. Whilst away, the company adheres that public transport services, such as trams, buses and trains, not only tend to be reliable but are also inexpensive. Furthermore, it was suggested that cycling, in addition to being a cheap option, is a good way to see a destination and is kind to the environment.

However, those who choose to hire a car during their trip away were advised to take steps to ensure they get a good deal. The firm stated that as costs such as insurance, hiring a child seat and fuel refills may not be included in the original quote to lease a vehicle, shopping around for a comprehensive offer was recommended. Furthermore, it was claimed that car insurance should be purchased separately from the hire car provider.

For those looking for a cheap meas to fund going away on a break, applying for a cheap loan may be prove to be of assistance.

Those looking to make savings on their vacation were also advised to avoid leaving transfers to the last moment, shop at local groceries and supermarkets instead of tourist hotspots and consider purchasing annual travel insurance. In addition, it was claimed that holidaymakers should avoid getting their currency exchanged at an airport as this can be one of the more expensive places to get money swapped.

Indeed, getting to grips with spending could prove to be of benefit as recent increases in the cost of living and the continued turmoil in the monetary markets could be placing pressure on peoples ability to manage their regular payments. Such areas could well include personal loans, credit cards, utility bills and mortgage repayments.

Passing comment on the report, Rachel Cutler, head of Tesco Travel Insurance, said: "Holidays don't have to be expensive, with a little planning and some clever cost cutting you can still enjoy a happy half-term together without fearing for your finances - even during the credit crunch."

Whatever the destination consumers choose to spend their time this October half-term, applying for a quick loan may be a useful way to pay for going away. By getting this kind of loan, borrowers may find that they can meet the cost of transport and accommodation, in addition to other expenses such as car hire and travel insurance, quickly and affordably. This might prove to especially be of help after American Express recently claimed that 70 per cent of Britons claim to be worried about something while abroad, with just over a quarter of these stating to be anxious about rising living costs at home.

Mark Dawson writes for the Loan Arrangers. Where visitors can compare cheap loans online, and apply for the best rate secured loans available to them.