It seems like there are many more opportunities to spend money in the warmer months, like stopping at that pricey coffee shop during a walk. Spontaneous splurges can also be the result of a less pleasant and completely unavoidable experience, like car troubles on your way to a camping trip.
I’ll admit that I’m pretty money conscious, but can still fall into the spending trap. In order to adopt a more relaxed attitude and enjoy the summer months, pre-planning is important. For instance, if you ramp up your savings plan during the winter to account for the boost in spending later on, you can avoid blowing the budget. The key is to save before you spend. If you want to have fun this summer but are worried of how it’ll affect your ability to save, set up an automatic savings plan to stay on the right track, but still take that mental vacation from money worries.
I think it’s possible to have a fun summer with family and friends, going on trips and enjoying lots of different activities while making wonderful summer memories. It is important to do what you can to avoid ending up with ‘summer memory regret’ when you overspend on the path to making your summer memorable.
Here are a few ideas to help you have fun while avoiding the fear of looking at your credit card bill:
The bottom line is that you can have a great summer without being worried about paying the price later on. Know what you want to do, and plan to make it happen.