budgeting for summer

The 6 Easiest Methods Of Budgeting For Summer

Summer is a time for vacations, warmth, and relaxation; however, it could also be a time when more opportunities arise to spend over budget. It’s easy to get caught up in the fun times of holidays and outdoor activities, easily overspending and feeling poorly afterward.

To ensure you have the ideal summer without breaking the bank, here are six of the easiest methods and strategies for budgeting for summer to enjoy the season while keeping your finances in check.

Budgeting Methods To Keep Your Finances In Check This Summer

Use the Envelope Method

If you’re one of the many who can’t keep track of the smaller purchases that add up, the envelope method is great for budgeting for summer. Start by grabbing a few plain envelopes and writing a separate spending category on each. Some popular categories include entertainment, dining out, and vacations.

Next, allocate a specific amount of cash to each category and put the designated amount of cash in each labeled envelope. Do this on a weekly or monthly schedule.

As you spend throughout the summer, use the money from the corresponding envelope – nothing more. If you have any left over, you can keep it in the category for the following week/month or use it for something else.

This method helps you visualize your spending and prevents overspending by keeping you accountable for the cash on hand.

easiest methods for budgeting for summer

Create A Summer Spending Plan

Before the summer season kicks into high gear, take some time to create a summer spending plan as part of budgeting for summer. Sit down and determine your financial goals for the summer, like how much you want to spend on vacations, activities with friends or family, and other fun experiences. Set a realistic budget for each category and commit to sticking to it; this could also go hand-in-hand with the envelope method.

Having a clear spending plan will help you make smarter decisions and ensure you're not caught off guard by unexpected expenses. Make yourself even more accountable by getting a friend, partner, or family member on board before the summer starts.

Embrace Potluck Parties

When it comes to summer gatherings, hosting potluck parties can be a game-changer for your budget. Instead of carrying the burden of the entire cost of food and drinks, invite your friends and family to bring a dish or beverage to share.

Potluck parties can be done poolside, at the beach, at the park, or at any other public location. Not only will it save you money, but it also adds a fun and communal aspect to your hangouts. It's a win-win for everyone involved and allows you to enjoy the company of loved ones while still budgeting for summer.

Load Up On Free Activities

You don’t have to spend all your cash to explore or enjoy summertime; there are plenty of free activities available.

Look for local community events like outdoor concerts, movie nights in the park, or farmers' markets. Explore nature by going for hikes, bike rides, or picnics in nearby parks, and visit museums on free admission days or take advantage of local beaches and lakes.

By embracing these free activities, you can have a fulfilling summer without spending a dime!

Don’t Forget The Power Of Coupons And Websites

Before you head out for dining or entertainment, check out coupon apps and websites like Groupon, RetailMeNot, or Coupons.com. Other apps like Upside even give you cash back on your weekly tanks of gas for those summer drives.

These platforms offer discounts and deals on various services and products, helping customers get significant savings. Don't underestimate the power of a coupon – it can make a big difference in your summer budget.

Buy In Bulk

For those who live with family or roommates, buying in bulk could be a budget game-changer. Stock up on the essentials you use every month like snacks, drinks, and even grilling supplies at warehouse stores like Sam’s Club or BJ’s. You’ll save both time and money by cutting down on the number of times you make a grocery run.

Budgeting When You’re Short On Cash

Sometimes amid fun, you receive not-so-great news and get stuck with unpaid bills. If you are short on cash and don’t have any reserves, budgeting for summer can seem tough.

Wisconsin Auto Title Loans, Inc. has your back. We offer installment loans for those just-a-bit-short moments when you could use a financial hand.

woman with installment loan cash

Qualifying For An Installment Loan

You could qualify for up to $1,500 at Wisconsin Auto Title Loans, Inc. if you have a valid I.D., bank account, and proof of income. The latter includes your latest pay stub, an employment verification form, or other documentation that shows reliable income from your job.

Installment loans do not require great credit or collateral. To get started, fill out the form on our homepage and we will walk you through the rest of the installment loan process.

Start Your Summer Off Right, With Cash In Hand

Budgeting for summer is a great way to enjoy the sun without wincing come fall. While you may be on the right path, emergencies do happen, and when they do you can have an installment loan from Wisconsin Auto Title Loans, Inc. to fall back on.

Get in touch with us through the form on our homepage today if you could use $100+ to cover an unexpected expense. Don’t go into the season with worries or unpaid bills. Summer is around the corner – are you ready?

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.