5 Money-Saving Ideas for the Summer

Summer is in full swing and can often put more pressure on our wallets, but that doesn’t have to be the case. There are a lot of ways you can still have fun this summer and not feel the financial squeeze. No matter where you live, you’ve got options for low and no-cost summer activities. I’m also going to share a savings tip with you that can help you feel more financially ready for next summer or a big event!

1. Add budget-friendly activities and events to your calendar

Take advantage of free or low-cost activities available that will help you enjoy the summer sun. Activities like visiting public parks, hiking trails, and beaches can be great to do on your own or with friends or family. You can also look for local community events and festivals that offer entertainment without a big price tag.

2. Pack a cooler with meals and snacks for when you are on the go

Eating out can quickly add up, especially if you are at a theme park or an event. Check to see if you can bring your own food where you’re headed. It can be challenging to keep things cold on a hot day, but I find using frozen water bottles at the bottom of your cooler can be a big help.

3. Host a potluck event

You can gather with friends and loved ones, but you do not have to cover the cost of food for everyone. It's not only cost-effective but also allows you to make sure there is something everyone will enjoy.

Hot tip: check for food allergies and sensitivities and communicate them to your invite list.

4. Take advantage of seasonal sales

From seasonal fruits and veggies to summer sales on various items, including clothing, outdoor gear, and home appliances. Keep an eye out for deals to help you with your grocery budget and other sales to help you throughout the year. It’s also a great idea to look for gently used items that you might find at the end of summer, like clothing and other seasonal items.

5. Look for discounted or free admission days

Many attractions, museums, and galleries offer discounted or even free admission on certain days of the week or during specific times. Take advantage of these opportunities to explore cultural and entertainment venues at a lower cost. And do your friends a favour by sharing any great deals you find! It’s also a good idea to look for coupon codes if you are booking tickets online.

Savings Tip

If you want to work on saving now for next summer or for any holidays or big events that you have coming up. I encourage you to set up a KOHO Goal to help you save a little every day, every payday, or each week. You can set up multiple goals for different occasions and watch your savings grow over time.