5 Tips for Saving Money This Summer - Money Tip Tuesday

Summer is in full swing! School is on summer break, and you might be getting ready to take a vacation.

With all the events going on in the summer, it can feel like you’re constantly spending money, but it doesn’t need to be that way.

We have 5 tips to saving money in the summer while still enjoying fun activities!

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Transcript: 

1. Don’t stop budgeting

We understand-- when the weather gets warmer, it’s hard to keep up with your budget. However, it’s important to stay with your budget, even in the summer months, so that you don’t stray away from your financial goals.

Use the longer days to your advantage. Once a week, wake up slightly earlier than usual, make your coffee, and grab your budget. If you have a deck or patio (and the weather is nice), take a step outside and enjoy nature while you deal with your finances. It may sound simple but you’re more likely to keep up with your budget if you make it enjoyable.

2. Go on a picnic

A picnic is a simple and easy activity that can be extremely fun and low cost for you and your family (or even your friends)!

Pack some sandwiches, snacks, and beverages, bring some lawn games and don’t forget the blanket!

Not only is this a great way to spend a few hours with your loved ones on a sunny day, but it won’t cost as much as it would going out to lunch. If you can do this once or twice a month during the summer, you’ll be able to cut back on your eating out spending while getting some sun at the same time.

3. Make your party a potluck

If you’re planning on throwing a party this summer, consider asking your invitees to bring a dish.

This will cut down on your costs significantly. Making your upcoming party a potluck also ensures that your guests have something they enjoy eating. This is a great ice breaker if you are inviting people who may not all know each other, and you may even end up with new recipes to try another day.

Making your party a potluck can ease the mental and financial stress that often accompanies party planning and allow you to enjoy the time with your friends and family.

4. Check your local library/town website for free community events

Your local library will have information on free events happening in your city or town. These events can include children’s movie nights in the park, free festivals, free concerts and much more!

Many libraries also offer discounts to local restaurants, zoos, and amusement parks which will also help you save money.

If you need help keeping track, check out your town’s website for a calendar of events and more information.

5. Budget your vacation

Many people choose to take family vacations in the summer, especially if they have children since kids are on break during the summer.

Vacations can be costly but that doesn’t mean they need to be. You can still go on the summer vacation you desire without breaking the bank. Check out our blog “How to Budget for Your Summer Vacation” at triangleuniversity.org for more tips on saving money for your summer vacation.

If you have any additional tips or would like us to cover a specific topic, email us at tcupodcast@trianglecu.org. For more great content, make sure you follow us on Facebook!

A special thanks to our sponsor, Triangle Credit Union and as always, thank you for listening.