As the summer holidays approach, many families face a significant financial squeeze, yet a finance expert suggests that adopting new habits now could help household budgets stretch considerably further during the warmer months.

This advice comes amid growing concerns about the escalating costs of household bills and the broader economic impact of the conflict in the Middle East , leaving many with less disposable income than they had initially hoped.

Chris Henderson, save and pay director at Tesco Bank , said: “As we look ahead to summer, many will be thinking about their social calendar and going on holiday.

“Sustaining an active social life can come with a cost, but it can be achieved with some healthy spending, budgeting and saving habits.…