Prepare your budgets: This is the largest expense while traveling abroad

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Whether they're travelling domestically or internationally, both U.K. and U.S. respondents love the same thing about going on holiday: the experiences.

Holidaycottages.co.uk recently surveyed over 1,000 people from the U.S. and the U.K. to better understand how people are financing their travel.

Some findings from the full study: