Summer Spending Without the Sizzle

As July heats up, so can your spending. Summer activities, vacations and home cooling costs may lead to budget burnout. Instead of letting your finances melt away, use this season to strengthen your financial foundation.

We suggest establishing a dedicated “summer fund” for seasonal activities. By setting aside specific amounts for barbecues, day trips and energy bills, you might be able to enjoy summer without the financial hangover.

You may want to take advantage of seasonal opportunities: local libraries offer free summer reading programs, and community centers frequently host events at no charge.

Consider a "financial cooldown" by evaluating subscription services you use less during the outdoor months. Could you temporarily pause streaming services while you're enjoying the sunshine?

Energy costs typically peak in July. Simple adjustments such as using fans, closing blinds during peak-sun hours, and grilling outside instead of heating your kitchen can help reduce utility bills.

Enjoy your summer while keeping your financial future bright!