How to stay on budget and keep costs low during the summer
Summer is here and that means increased expenses. As a study from LendEDU pointed out, Americans spend an average of $2,229 in the summer, making it the second-most expensive season (winter is in the lead, with a $2,314 average spend). Looking to cut back on summer costs? Or do you just need some help staying within your budget? Here are a few suggestions to get you started.
- Sell It. Now that the weather is nice, it’s time to root through your stuff and sell some things. Host a garage/yard/stoop sale for all the items you clearly don’t use or need anymore. Take the cash that you earned and use it to pad your emergency savings account.
- Hit the Books. Looking for a place to beat the heat? Try visiting your local library. Libraries not only have books, audio books and more available to borrow, they often host low-cost or free activities for kids.
- Grilling Time. Longer days mean more time to spend cooking on the grill. Instead of shelling out cash for an expensive dinner out, invite your friends over for a cookout. Have everyone bring a side dish and their favorite beverage to help keep costs low.
- Pedal Pusher. Whenever possible, opt to ride your bike instead of using your car. As US News reports, not only will this cut down on gas costs, you’ll get a workout, too.
- Keep it Simple. If you plan on enjoying plenty of activities while on vacation, there’s really no need to book a fancy hotel room. Keep your room simple and save some cash.
- August Arrival. Many families don’t want to take a vacation toward the end of August, making it a great time to find deals. If you can, book your vacation at the end of the summer and you’ll find cheaper rates on things like flights and hotel rooms.