The summer holidays are a time to have fun, hopefully enjoy some sunshine and make some memories with friends and family, but they can also bring extra pressure when it comes to money – especially around things like childcare, unexpected expenses and activities.
With a little advance planning and some creativity, you can enjoy summer without overspending.
Here are five practical tips to help you manage your money during the summer holidays:
1. Set a summer budget and stick to it
Before the holidays begin, plan your summer budget. Start with all your essential expenses first and see what is left that can be used for activities. This may help prevent overspending and missing bills. Knowing what your limits are in advance can help curb impulse spending.
2. Enjoy a staycation
If you can’t afford a holiday this year, why not explore your local area or travel a little further afield if your budget allows? There are plenty of parks, free museums, interesting walks and local community events that will be memorable and far more affordable.
3. Plan meals in advance to limit having to eat out
It can be very tempting to grab food whilst out and about, but these costs can add up, especially at events where prices are elevated. Planning for the week, taking snacks with you when you go out and enjoying a picnic in the park are great ways to cut back on extra food costs.
4. Think of creative activities
Summer clubs for children are great, but they can be expensive. Keep the balance with budget-friendly ideas like DIY crafts, free public library activities, nature walks or even setting up garden activities like an obstacle course. Talk to other parents and see if you can share childcare between you to save on costs.
5. Save money on clothing and equipment
The start of summer can be a great time to pick up back to school uniform and essentials in early summer sales. If you need summer equipment such as swimwear, garden tools or sports gear, your local marketplace, selling sites or charity shops can be ideal for picking up bargains.
Get in touch
If you are struggling with debts call us on 0800 072 1206. We’re open from 8am – 8pm Monday to Friday and 9am – 3pm on Saturdays.
Alternatively, you can visit our www.payplan.com/police to speak to us via live chat or for more information. Looking for budgeting support in the meantime? Visit BudgetSmart which is full of tips and tools to help you stay in control every day.