When summer vacation rolls in, your money may start rolling out. Between trips, shopping sprees, and the rising cost of air conditioning, you could find yourself spending much more than you would like. Fortunately, cutting down on costs doesn’t have to mean cutting down on your enjoyment of summer.
Check out these helpful tips below to see what you can do to reduce your spending this summer without sacrificing anything else!
6 Simple Ways To Save Money This Summer
#1. Tone Down The AC Bill
Air conditioning is one of the most expensive amenities you’ll be paying for this summer. Sites like CNet offer tips on how to cut back on costs without losing the comfort of a cool home. This includes keeping the windows shut during the day, carefully considering the placement of your thermostat, and making sure your doors and windows are sealed properly.
Retaining cold air is just as important as circulating it properly, and small changes can make a huge difference in your home’s overall temperature.
#2. Be Mindful Of Small Expenses
Lunches with friends, trips to the movies, and shopping are all common activities over the summer. However, little expenses like a lunch here or a snack there can really start adding up over time. Save money by keeping closer tabs on where your money is going in the first place. You may find that you’re spending more than you think you are.
#3. Set A Summer Budget
The last thing anyone wants to consider in summer is something like budgeting, but it’s a year-round necessity. USA Today suggests different ways to budget for your expenses this summer, including cutting down on lavish trips and planning all away-from-home vacations well in advance. Sticking to the budget you make is also a key point on the road to successfully cutting down your expenses.
You should budget in advance for surprise events or activities that you may want to do, and resist the temptation to throw down money on as many new and interesting things as possible.
#4. Take Time To Adjust Your Insurance
Summer is, generally speaking, the season where people have a little less to worry about on the work front. That makes it a great time to do all of those little things you’ve been putting off all year, like checking with your local insurance companies and agents to make sure you’re really getting the best deals possible.
Many people are overpaying on their house and car insurances. Adjusting yours so that you’re getting the best possible deal can make a giant difference when it comes to your bill cycles.
#5. Limit Mindless Consumption
In summer, it’s easy to stock up on tons of easy, ready-made foods, purchase a subscription to a streaming network, and just kick back and enjoy the lazy days in peace. Unfortunately, this style of consumption can end up costing you a lot. People tend to go through food more quickly if they’re easy to make, even if they aren’t hungry at the time.
Many also fall into a cycle of buying more subscriptions than they actually end up using, essentially burning money every month on a service they don’t get the most out of. Carefully monitor your habits to ensure you aren’t wasting money on things like this.
Vacations are the pinnacle of summer breaks, but they’re quite costly, even if you begin your planning in advance. Staycations are becoming increasingly popular in the wake of more modest budgeting.
This can include simply traveling to another, nearby city within your state, or treating yourself to things in your own home that you wouldn’t normally allow yourself to enjoy.
These are just a few of the ways that you can cut costs this summer without having a drab and boring time. Get rid of the idea that you need to spend tons of money to have a fun vacation and get to enjoying your cost-effective break!
And when the weather gets really hot, check out these tips for how to stat cool all summer long.
Hi, my name is Jon and I run Penny Thots. I’ve been interested in personal finance since high school and love writing and talking about it. You can learn more about me in the Authors section of this site.