Enjoy your summer with less stress by budgeting the right way

AAA World Article

We’re halfway through the year—have you stuck to your budget so you can achieve your financial goals? Summer is a fun season, but it can also take a toll on your budget. The kids are out of school, it’s vacation season, and there are a ton of activities that can quickly drain your bank account. Take a few minutes and reassess your spending habits with our tips so that you can keep on track this year. After all, holiday spending is right around the corner.


Use cash

Credit card can be a great convenience and you can earn a lot of rewards, but they can also lead to overspending. By spending cash, you can give yourself a mini-budget for fun summer events and activities that helps you avoid any impulse buys.


Track your expenses

Sometimes your budget can be out of sight and out of mind. Break out your budget and see if your summer spending is staying in line with your expectations. Track your expenses for a month or two over the summer to see if you’re staying on track.


Drop dead weight

No, we don’t need a family member. We’re referring to recurring charges that hit your credit card each month, such as Netflix, a magazine subscription, a gym membership, or the monthly boxes you’ve been receiving. If you aren’t utilizing any of these services, cancel the subscription and the savings will add up quickly.


Enjoy free activities

You can still have a good time on a budget this summer. Check community websites, social media or community boards to discover free activities in your area. Whether it’s a concert or a festival, free summer activities are a great way to save money and have a blast.


Update your budget

Take a look at how you’re doing on your budget so far this year. If you’re missing the mark consistently in a certain area or you’re missing your goals, it may be time to reassess your budget. It’s ok to have a sit-down this summer and revise things a bit to better match your evolving needs.