Gappers reliant upon parental funding, study finds

Students are relying on their parents to fund their gap year travel plans, it has been reported.

Almost half of the 17-25-year-old gappers surveyed by currency company Moneycorp said they had asked their mum or dad for money during their trip.

And nine per cent were fortunate enough to have their entire trip paid for by their parents.

The study revealed that most travellers attempt to save around £2,000 to £3,000 before setting off on a gap year adventure.

However some are prepared to set off abroad with less, on the basis that they intend to look for work in a foreign country.

And according to the study, this increases the likelihood of their parents receiving an unwelcome phone call or email at some point during their trip.

Rupert Bedell, of Moneycorp, said there is a "worrying trend" that gap year travellers are only too happy to head off on their adventures without planning properly.

"[They] will happily turn to their parents if they run out of money," she claimed.

"Globe-trotting does not come cheap so budgeting, security and making your money work hard are key to a memorable experience."

The Foreign and Commonwealth Office urges all people planning a gap year to take every possible financial precaution before starting their trip.

As well as having backup cards and keeping a copy of their bank details, they should keep money in a variety of different formats, the department advises.

Keeping a copy of important financial and personal documents in an accessible email account is also encouraged.

For more information on gap year planning.