You might find it hard to believe but there are actually some positives to be had from leaving things until the last minute.
Having less time and money to call our own means that we are now expert planners and savers when it comes to booking our annual holidays, according to lastminute.com.
The travel site's research revealed that almost all of us plan our annual holidays and book time off work up to a year before our trips, but we sort some of the finer details out as late as possible.
A quarter of us leave it late to arrange at least one aspect of our holiday, with flights and accommodation bookings often left till the last minute to ensure that maximum savings can be made.
The study also revealed that it pays to book late, as a typical holiday for two people costs £220 less if booked a few weeks beforehand (£980) than it would if it was booked six months earlier (£1,100).
Lastminute.com's UK and Ireland managing director, Mark Maddock, said: "It's really interesting to see just how many travellers are holding off booking elements of their holiday until the last minute."
The good news is that there are a number of ways to cut the cost of a family holiday. Check out this guide to all-inclusive holidays to learn more about them!