As we bid farewell to another school year, we eagerly welcome the joys of summer. The days
are longer, the sun shines brighter, and the beauty of the sunsets invites us to embrace the
season.
However, it’s essential to remember that the excitement of summer activities can also lead to
unexpected expenses that may impact our financial goals. With a bit of intentional planning, you
can make the most of everything the season has to offer without emptying your bank account.
Here are a few ways to spend smart this summer:
Plan Ahead for Big-Ticket Items
Whether you’re planning a weeklong beach trip or enrolling your kids in summer activities,
bigger expenses are easier to manage when they’re built into your budget ahead of time.
Set aside funds for known seasonal costs like travel and activities for children, and research
discounts for early registration, multi-child programs, or vacation bundles to reduce costs when
possible. Why spend money you don’t have to?
Consider vacationing during off-peak times. Flights and accommodations can sometimes be
found at significantly lower prices in late August.
Even better? Plan a “fun fund” at the start of the season so you’re spending within limits, not on
impulse.
Look for Free and Low-Cost Fun
You don’t have to spend a fortune to make summer memorable. Recently, I asked my adult
children to share their favorite childhood memories. Their unanimous response was, “the
beach.” Reflecting on those moments, I recall our trips to Huntington Beach, where I would pack
fresh fruit, sandwiches, and plenty of water. Those outings not only filled our days with laughter
and joy but also fostered bonding among my four children as they played in the waves.
Check out those fliers in your local library or grocery store for free community events such as
outdoor concerts, movies in the park, and seasonal festivals. With the help of social media, you
can easily discover free or low-cost activities in your area.
Enjoying nature doesn’t cost a penny. Take advantage of nearby hiking trails, splash pads,
beach days, or DIY backyard adventures.
If you’re vacationing close to home, look for “resident discounts” on attractions or city passes
that offer bundled admissions.
Remember, the most valuable investment you can make this summer is your time, which will
create lasting memories for you and your loved ones.
Keep Energy Costs in Check
Longer days and higher temperatures can mean a spike in utility bills. Small tweaks can make a
big difference in your wallet and for the environment. Here are some energy-saving tips to try
this summer:
- Set your thermostat a few degrees higher when you’re out.
- Use ceiling fans to circulate air.
- Block out heat from the sun with curtains or blinds during peak hours, and open your
windows to let in the cool of the night. - Cook outdoors. Using a grill or smoker in your backyard can reduce heat from cooking in
your home. Plus, who doesn’t love a barbeque?
Peace of mind is the dividend. Stability and dignity are the long-term returns. In this sense, emotional insurance may be the most rewarding investment a family ever makes.
Be Mindful of “Summer Lifestyle Creep”
It’s easy to fall into the habit of spending more during the summer: extra dining out, weekend
getaways, new patio gear, iced coffee runs… you name it. These small indulgences can add up
quietly.
Set weekly or monthly “fun money” limits and prioritize the things that bring you the most joy.
That way, you’re still treating yourself — just with intention, not excess.
Include the Kids in Budget Talks
Learning isn’t just for when school is in session. If you’re a parent, summer is a great
opportunity to model healthy financial habits. Involving your kids in decisions about outings or
summer purchases can help them maintain better habits for summers to come. Consider giving
your kids a small summer budget or helping them save up for a specific treat or activity.
I encourage you to ask your own children what their favorite memories are and tailor your
summer activities to create joyful experiences together. Some inexpensive ideas from our family
include setting up a slip ‘n slide in our yard, and we would play catch, or play dominoes, or
cards. I prepare meat, cheese, fresh vegetables, and snacks for lunch so that they can eat
when they get hungry.
Enjoy Summer On Your Terms
Summer doesn’t need to be expensive to be enjoyable. By planning, being intentional, and
getting creative, you can make the most of the season while staying financially balanced and
without sidelining your goals.
Wishing you and your families a summer filled with joy and cherished moments!
Author
Deana J. Dyjor
WEALTH ADVISOR
Need help setting a seasonal budget or aligning your spending with long-term priorities?
Reach out to our team at Crux Wealth Advisors.
We’re here to help you live life with purpose and clarity, all year long.
Planning strategies may involve insurance products offered through a separate insurance agency. These products are distinct from investment advisory services and are subject to the issuing insurance company’s terms and underwriting. The purchase of insurance is not required to receive advisory services.
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