How to Enjoy the Summer Without Overspending

Summer is a time for fun, relaxation, and making memories with family and friends. However, the expenses associated with summer activities can add up quickly. The good news is that you can enjoy the season without breaking the bank. Here’s a blog with quick tips and ideas for how to enjoy the summer without overspending.

Create a Summer Budget

The first step to enjoying summer without overspending is creating a budget. Determine how much you can afford to spend on summer activities and stick to it.

Steps to Create a Summer Budget:

1. Assess Your Finances: Review your current financial situation, including income, expenses, and savings.
2. Set Spending Limits: Allocate a specific amount for summer activities, dining out, travel, and other discretionary expenses.
3. Track Your Spending: Use budgeting apps or a simple spreadsheet to monitor your spending and ensure you stay within your budget.

If you are new to setting a budget, here is a helpful guide on the basics of budgeting.

Plan Affordable Activities

There are plenty of ways to have fun without spending a lot of money. With a bit of creativity and planning, you can find budget-friendly summer activities that everyone will enjoy.

Ideas for Affordable Summer Activities:

1. Host a Potluck BBQ: Invite friends and family over for a potluck barbecue. Everyone brings a dish, reducing the cost and effort for the host.
2. Explore Local Parks: Take advantage of local parks and nature reserves. Many parks offer free entry and have walking trails, picnic areas, and playgrounds.
3. Visit Free Community Events: Check out community calendars for free events like concerts, outdoor movies, and festivals.
4. Beach Days: Spend a day at the beach. Pack a cooler with snacks and drinks to avoid high concession stand prices.
5. DIY Water Fun: Set up a sprinkler, water balloons, or a kiddie pool in your backyard for some refreshing fun without the cost of a water park.

Save on Travel

Summer is a popular time for travel, but you don’t have to spend a fortune on your vacation.

Tips for Budget-Friendly Travel:

1. Book Early: Plan your trips in advance to take advantage of early booking discounts on flights and accommodations.
2. Travel Midweek: Flights and hotels are often cheaper during the week compared to weekends.
3. Consider Staycations: Explore your own city or nearby attractions. You’ll save on travel costs and discover hidden gems close to home.
4. Use Rewards and Discounts: Utilize travel rewards points, credit card perks, and discount websites to save on bookings.
5. Opt for Vacation Rentals: Vacation rentals can be more cost-effective than hotels, especially for families. Plus, having access to a kitchen can save on dining-out expenses.

Cook at Home

Dining out can be one of the biggest summer expenses. Cooking at home not only saves money but can also be a fun activity.

Ideas for Cooking at Home:

1. Grill Out: Summer is the perfect time to fire up the grill. Experiment with new recipes and enjoy delicious homemade meals.
2. Picnic: Pack a picnic and head to a local park. Enjoy the outdoors while savoring your homemade treats.
3. Meal Prep: Prepare meals in advance to save time and avoid the temptation of ordering takeout.
4. Make Your Own Ice Cream: Homemade ice cream is a fun and tasty way to beat the heat without spending a lot.

Shop Smart

Summer often comes with sales and special deals. Knowing when and how to shop can lead to significant savings.

Tips for Smart Shopping:

1. Look for Sales: Take advantage of summer sales and holiday sales like 4th of July. Utilize these sales especially for clothing, outdoor furniture, and seasonal items.
2. Use Coupons and Cashback Apps: Save money by using coupons and cashback apps for your purchases.
3. Buy in Bulk: For frequently used items like sunscreen, snacks, and drinks, buying in bulk can reduce costs.
4. Shop Secondhand: Thrift stores and online marketplaces can be great places to find affordable summer essentials. Lots of people clear out their closets in teh spring, so you may expect a great selection of used clothing.
5. Visit your local Dollar store: Often fun one time use items like water balloons, sidewalk chalk and pool floats can be found at the dollar store. Consider visiting these discount stores for fun summer accessories, toys, and more.  

Limit Costly Activities

While it's fun to splurge occasionally, limiting high-cost activities can help keep your budget in check.

Alternatives to Costly Activities:

1. Movie Nights at Home: Instead of going to the theater, have a movie night at home with homemade popcorn and snacks. Invite friends over to watch it together.
2. Outdoor Adventures: Opt for hiking, biking, or swimming, which are generally low-cost compared to theme parks or sporting events.
3. Library Visits: Many libraries offer free summer programs, book clubs, and events for kids and adults alike.

Set Financial Goals

Setting specific financial goals can help you stay motivated and disciplined throughout the summer.

Steps to Set Financial Goals:

1. Identify Your Priorities: Determine what’s most important to you, such as saving for a vacation, paying off debt, or building an emergency fund.
2. Set SMART Goals: Make your goals Specific, Measurable, Achievable, Relevant, and Time-bound. For example, “Save $500 for a summer road trip by the end of June.”
3. Track Your Progress: Regularly review your goals and track your progress. Adjust your budget and spending habits as needed to stay on track.

Utilize Free and Low-Cost Resources

Many resources and activities are available for free or at a low cost, helping you to enjoy the summer without overspending.

Free and Low-Cost Resources:

1. Public Libraries: Libraries offer free access to books, movies, and special programs for all ages.
2. Community Centers: Many community centers provide free or low-cost classes, sports leagues, and events.
3. Online Learning: Take advantage of free online courses and tutorials to learn new skills or hobbies.
4. Local Events: Keep an eye on upcoming local events in your surrounding areas. Visit a neighboring town for a parade, free live music, art fairs, and more.

Get Additional Help With a Personal Loan

Enjoying the summer without overspending is all about planning, creativity, and making the most of the resources available to you. By creating a budget, planning affordable activities, saving on travel, cooking at home, shopping smart, limiting costly activities, and setting financial goals, you can have a memorable summer without straining your finances. Remember, the best memories are often made from simple, budget-friendly experiences shared with loved ones.

If you haven’t started contributing to a summer budget for this year and would like to take a vacation, consider applying for a personal installment loan. Sunset Finance offers installment loans with fixed payments for a set term. This allows you to fit the loan payment into your monthly budget. Check out Sunset Finance FAQs or give us a call if you have questions.

If you would like more resources on personal finances and budgeting, check out these resources:

• Read about How To Adjust Your Budget For Rising Prices
• Download our Free Simple Monthly Budgeting Worksheet
• Check out our online resource center for more budgeting basics and more
• Learning to manage a budget becomes a fairly simple task with a bit of practice. Take a look at The Basics of Budgeting to get started.