Summers are great to go out and about and have fun.
Nonetheless, it can burn a hole in your pocket.
Travelling, Entertainment, Daycare, and Electricity Bills can be more expensive than usual.
In today’s Blog Post, let’s discuss some money-saving tips for Summer to help you splurge less and tackle your expenses.
How to Save Money Over the Summer?
People can Save Money during those warm summer months by running errands on bikes, saving Money on power bills, using only one car, combining the To-Do list, planting a garden, traveling on a budget, stopping paying for cable TV, working online jobs, etc. You can also try to cook outside and let your laundry dry outside. Take advantage of extended evenings—plan for future home and garden projects.
1. Run Errands On Your Bike:
Ditch your car and cut your fuel bill by riding your Bike to the Grocery Store, Bank, Restaurant, and more.
Besides being economical, bike riding is eco-friendly and makes for a great workout.
To conveniently run errands, you can attach a basket to your Bike.
Don’t forget to wear a helmet and take the necessary precautions before making it to the main road.
2. Go Down To One Car:
Going down to one car is one of the best money-saving tips in Summer.
Not only does it save you Money, but it’s also great for the environment.
Instead of spending Money on a second car, choose carpooling, an excellent way to save on Parking and Toll Fees.
3. Combine Your To-Do List :
Combining your errands will help you to save valuable time and extra Money on transportation.
It will also enable you to get multiple things done simultaneously.
Although this might require more planning, you’ll end up thanking yourself in the long run.
4. Plant A Garden:
Imagine having organic fruits and vegetables to eat right in your backyard for much less than you would buy them for at the grocery store.
Cost-effective, right?
Initially, you might have to invest a certain amount in buying plants or seeds and maintaining your garden.
However, growing your garden is one of the best money-saving tips for Summer.
Start with planting rudimentary plants like Tomatoes, Lettuce, and Herbs.
5. Get Rid Of Your Gym Membership:
Do you have a Gym Membership, but you rarely can take time for it every day?
In that case, quit your Gym Membership today and save Money.
Instead, opt for freehand exercises or Yoga during the summer.
6. Travel On A Budget:
Never make the mistake of breaking your bank account to go on a fun family vacation.
Here are some money-saving tips for lessening your expenses on vacation:
- Be flexible with your flight schedule.
- Stay in an Airbnb.
- Eat like a local.
- Opt for free campsites.
7. Turn Your Air Conditioner Up A Few Degrees:
Did you know that turning your AC up just a few degrees can help you save a little on your utility bills can help you save a little on your utility bills?
Yes, it can save you around 10-11% or more on your next electric bill.
Go ahead and purchase a programmable thermostat. This will enable you to set exact temperatures for different times of the day. It is recommended that you place your Thermostat between 76 and 78 Degrees.
8. Invite Your Friends and Family Over:
Instead of going out and spending Money, invite your family and friends to a small get-together at home.
I was cooking and having delicious meals at home, which cost far less than eating out at restaurants.
9. Stop Paying For Cable TV:
Did you know the average monthly cable bill amounts to $120 and will escalate more?
If you struggle to save Money, cut your cable subscription and head out for less expensive entertainment.
Instead, consider streaming services, which can help you save Money while watching your favorite TV Shows and Movies.
10. Start Meal Planning:
Did you know that the average person wastes over 40-42% of the food they purchase?
Yes, 40-45%!
One can try out a $5 Meal Planning Service in that case.
Upon subscription, Meal Plans and the exact shopping list you need to create the meals will be mailed to you.
Meal Plans are an excellent way to save Money and track your food expenses smoothly.
11. Buy Second-Hand Items:
If you are looking for money-saving tips during summer, consider buying second-hand items at Garage Sales and Flea Markets, which are generally held around this time of year.
Here’s a list of items for cues:
- Clothes
- Cars
- Furniture
- Books & Textbooks
- Jewelry
12. Opt For Free Entertainment:
During Summer, explore activities in your area that are free of cost.
To look for such opportunities, check your town’s calendar and website to stay informed about upcoming attractions and events.
After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management.
At Promtfinance.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification.
Read more on Daniel Smith's biography page.
Contact Daniel: daniel@promtfinance.com