The 6 Easiest Methods Of Budgeting For Summer

Summer is here, and while it’s a season full of fun and relaxation, it’s also easy to overspend on vacations, outdoor activities, and social events. To help you enjoy the season without financial stress, we’ve outlined six simple and effective budgeting methods to keep your summer spending in check.

In this guide from Wisconsin Auto Title Loans, Inc., learn more about budgeting for summer and easy budgeting methods to avoid overspending. We will also explain how our loans, including title loans and signature installment loans, can help when financial emergencies arise during the summer.

Top Six Summer Financial Planning Methods

Overspending can happen in the summer when you're focused on enjoying the sun with vacations and outdoor activities. You must develop a summer spending plan to ensure you don’t fall off your budget when going on summer trips. Below, we will outline how to budget effectively for summer vacations with easy budgeting methods.

The following are six tips for budgeting for summer:

1. Master The Envelope Method For Better Budgeting

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 money left over, you can keep it in the category for the following week or 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.

2. Create A Realistic Summer Spending Plan

Before the summer season kicks into high gear, take some time to create a summer spending plan. 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.

By setting a realistic budget for your summer activities, you can help prevent overspending to ensure you can afford your necessary expenses and keep money saved for emergencies.

Those struggling with how to budget effectively for summer vacations can learn more from the following budgeting tips:

• Write down how much you make and how much you spend on necessities each month
• Calculate how much spending money you have left over
• Set aside money from every paycheck to spend on entertainment
• Cut unnecessary expenses if you spend more than you can afford

3. Host Potluck Parties To Cut Costs

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 are a great way to save money in the summer and enjoy the company of your friends and family. Everyone will feel good for having brought a dish that everyone else can enjoy. It's a win-win for everyone involved and allows you to enjoy the company of loved ones while still budgeting for summer.

4. Enjoy Free Summer Activities

You don’t have to spend all your cash to explore or enjoy summertime; there are plenty of cheap summer activities available. Instead of spending all of your time vacationing across the United States and abroad, you can stay local and enjoy cheap or free activities near you.

The following are some examples of cheap summer activities:

• Picnicking at the park
• Local movie nights at drive-ins or parks
• Nature hikes
• Outdoor concerts, festivals, and fairs
• Beach days at Whitefish Dunes Beach on Lake Michigan or Big Bay Beach on Madeline Island

By embracing these free activities, you can have a fulfilling summer without spending a dime. Spend time with friends and family without breaking the bank to help with your summer spending plan.

5. Use Coupons And Cashback Apps Wisely

One of the best ways to save money during summer is to use coupons and cashback apps. 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’s one of the most effective money-saving tips for summer.

6. Save Money By Buying In Bulk

One tip for summer financial planning is to buy in bulk, especially if you have to buy for your whole family. If you buy food as you need it, you can spend more in the long run.

Stock up on the essentials you use every month, like snacks, drinks, and even grilling supplies, at grocery stores like Metro Market or Meijer. You’ll save time and money by reducing the number of times you make a grocery run.

Borrow Money For Financial Emergencies During Summer

While you can employ some of the best ways to save money during summer, detailed above, a financial emergency can throw a wrench in your plans. Expensive emergencies like emergency bills, auto repairs, and unexpected travel costs can ruin all of your savings.

In that case, Wisconsin Auto Title Loans, Inc. is here to help with our simple approval loans. You can borrow thousands today for emergency expenses you cannot afford.

The following are the two loans we offer for financial emergencies:

• Title loans: This secured loan lets you borrow up to $15,000 using your lien-free car title as collateral. You can only borrow title loans for summer expenses if you have fully paid off your car. The required items you will need are your driver’s license, a lien-free car title in your name, and a vehicle for a quick inspection. Your loan amount will depend on your vehicle’s value.
• Installment loans: You can borrow up to $1,500 from installment loans for summer expenses if you agree to repay the loan in fixed monthly installment payments. Getting approved requires a state-issued photo ID, proof of income, and a checking account statement in your name.

Whether you get title loans or installment loans for summer expenses, both have a simple process that lets you get same-day approval. Start the process online and get approved at the nearest Wisconsin store location to you in less than 30 minutes. Apply today to get the emergency cash you need for summer emergencies!

Get Approved For Emergency Loans In Wisconsin Today!

If you’re in Wisconsin and need to manage summer expenses, consider these budgeting tips and how our local installment loans can provide additional support. We offer budgeting advice and financial solutions across Wisconsin, including Milwaukee, Madison, and Green Bay. When you need financial aid, Wisconsin Auto Title Loans, Inc. Can help with our same-day title loans or installment loans.

Borrow money today regardless of your credit situation. Fill out our online form or call us directly to begin the process. Get approved today and receive your emergency cash within one business day.

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