How to Save Money and Your Budget This Summer

Well you made it through the cold winter months, and summer is upon us! It’s a great time of the year, although it can often be a budget-buster. So I’ve put together some ways that you can save money and still enjoy this summer:

Household – Water bills can skyrocket during the summer. To keep your lawn green and keep some green in your pocket, try watering in the early morning or late evening when temperatures are cooler so the water has time to soak in before evaporating.  Also, since during the summer there is more light, consider turning off the lights in the house longer. This can add savings to your energy bill.

Transportation – Gas prices are higher in the summer due to increased demand. Be extra conscious about planning your trips wisely. Run all your errands at the same time, and plan your route so you use less gas. Also, opening the windows instead of using the air conditioner can save you quite a bit (but opt for the AC if traveling on the highway).

Temperatures – Open windows in the morning and late evening to cool down the house. Close shades of windows that get a lot of sun during the day to help keep the temperature down. If you do use your air conditioning, make sure you have changed the filters so airflow is unrestricted (this means less running time and lower costs!).

Entertainment – Going to a ballgame? Take your own snacks. The cost of a hot dog and soda for a family of four can be staggering, especially you compare it to the cost of that same meal packed at home and brought with you. Another way to cut costs while the kids are home during the summer is to actively search out the “free days” at the zoo, museum, movies, etc. If you plan on visiting the museum often, consider purchasing a membership as it will cut down repeated admission costs. You can also opt to spend time at the park. This is a FREE activity! Pack up a picnic and enjoy time outdoors with the family.

Food – Try moving your cooking outdoors. This will help keep your house cooler and reduce costs incurred from running the air conditioner. You can also save by growing your own food. Planting a small garden can not only save on the grocery bill, but the food is chemical-free and tastes delicious because it is so fresh. No traveling from the farm to the grocery store and sitting out for days.

Yard Sales – You can find some great deals at a yard sale. From lawn mowers to patio furniture to bookshelves to whatever it is you are looking for, chances are somebody is getting rid of theirs for a lot less than you would pay to buy it brand new. When you go garage-saling though, keep in mind that you don’t want to clutter your house, and just because it’s a good price doesn’t mean you need it. Stick to buying things that you need or would be buying anyways.

From everyone at iMoneyCoach, have a happy and safe summer, and remember to stick to your budget and track every penny you earn and spend – this is vital to financial success!

Tags: budget, free activity, gas prices, save money, water bills