Half term is a chance for families to relax, spend time together, and make memories — but it can also put extra pressure on the family budget. With children at home, food bills rising, and the temptation of expensive days out, costs can quickly add up.
To help our members make their money go further this half term, here are some simple and practical ways to save money while still enjoying quality family time.
Plan Your Week Before It Starts
A little preparation can save a lot of money. Before half term begins, sit down as a family and plan activities for the week.
Think about:
- Which days you will stay at home
- Free places you can visit
- Meals and snacks
- Any transport costs
- Setting a spending limit
Planning ahead can help avoid costly last-minute decisions and impulse spending.
Make the Most of Free Local Activities
You do not need expensive tickets to keep children entertained. Many communities offer free or low-cost activities during school holidays.
Check:
- Libraries
- Parks and nature reserves
- Museums
- Community centres
- Church events
- Local council websites
From craft sessions to nature trails, there are often plenty of affordable options nearby.
Create Fun at Home
Children often remember quality time more than expensive trips. Home-based activities can be just as exciting and far kinder to your wallet.
Low-cost ideas include:
- Family film nights
- Baking together
- Indoor camping
- Board games
- Arts and crafts
- Garden treasure hunts
- DIY pizza nights
- Bike rides and local walks
You could even create a “Half Term Challenge” with a different activity each day.
Save Money on Food and Snacks
Food costs often rise during school holidays with children at home all day.
To keep spending under control:
- Plan meals in advance
- Batch cook where possible
- Use leftovers creatively
- Buy snacks in multipacks
- Prepare packed lunches for days out
- Refill water bottles instead of buying drinks
Packing your own food for trips can save a surprising amount over the week.
Look for Discounts and Family Deals
If you are planning a family outing, it is worth checking for discounts before booking.
You may find savings through:
- Supermarket reward apps
- Family railcards
- Voucher websites
- Local attraction offers
- Off-peak pricing
- “Kids eat free” restaurant deals
Every little saving can help families stay on budget.
Don’t forget to sign up to Wave Rewards to save money on your shopping.
Swap Childcare with Friends or Family
Holiday childcare can be expensive for working parents. If possible, consider teaming up with relatives or trusted friends.
Ideas include:
- Taking turns hosting play days
- Sharing lifts to activities
- Alternating childcare days
It can reduce costs while giving children extra social time too.
Set a Daily Spending Limit
Giving yourself a realistic daily budget for treats, outings, or activities can help prevent overspending.
You could:
- Use cash instead of cards
- Set limits for snacks and treats
- Decide in advance what is affordable
Sticking to a budget can help avoid financial stress once half term ends.
Start Saving for the Next School Holiday
School holidays come around quickly. Saving a small amount regularly throughout the year can help spread the cost.
Even putting aside a few pounds each week could help cover:
- Holiday activities
- School trips
- Uniform costs
- Christmas spending
- Unexpected expenses
Small savings habits can make a big difference over time.
Support When You Need It
If you are feeling financial pressure this half term, remember there is support available. Wave Community Bank is here to help members access fair and ethical financial services, while encouraging healthy savings habits for the future.
Half term does not need to mean overspending. With a little creativity and planning, families can enjoy a fun and memorable break without breaking the bank.
