We are past Christmas now, and all the ways we couldn’t avoid spending money. But, now it’s time to start thinking ahead! Summer is coming up and people are looking forward to heading to the beach or the mountains. Going to another country or on a cruise? Those costs are going to add up! Here are some ways to save money by summer.
1 – Clean House – Go through your home and if you haven’t used it or worn it in more than six months? Sell it. You know how to sell on eBay! And if you don’t, check out my easy 8 Steps to Register and List Your First Item on eBay post.
2 – Fewer Stops for Coffee – I know! I know! This is TORTURE! But, if you cut down to two trips a week and bring your own coffee to work? You will save at least $10 a week.
3 – Pocket Change – Put that change away! I have a two-liter bottle that I am putting all my dimes in. When it’s filled to the top, there will be $500 – $700 in there. I believe I am currently at $75 – $80. Can we say:
Aruba, Jamaica, ooh I want to take ya
Bermuda, Bahama, come on pretty mama
Key Largo, Montego, baby why don’t we go, Jamaica
4 – Money not spent – I allow myself X amount of dollars to spend between paychecks. I get paid 2x’s a month, on the 15th and the last day. If I still have money left over, I don’t roll it over. I put it away to save. I’ve been doing that for four months now. I’ve saved $400. Not bad!
5 – Direct Deposit to Savings – I put this one in ALL of my posts on saving money. Direct deposit some of your paycheck into a separate account. If it’s not an account you use often, you won’t think of it. I did that last year and saved almost $2,000. I put $100 a paycheck away. Unfortunately, an emergency happened and I had to use it for that, but I was glad I had it! But, this is one of my favorite ways to save money by summer.
6 – Cut back on your cable – If you don’t watch a lot of TV? Cut back or cut out the package. I’m on a 2-year contract, so I can’t do that right now, but you can sign up for Hulu if you don’t mind waiting to watch your show one day. You can get commercial free for $11.99 a month. Savings of at least $45 a month depending on your package!
7 – Raise Insurance Deductibles – I looked into doing this on my car insurance. Ended up not doing it because it would have saved me $2 a month. And I still have my insurance plan I’ve had since I was 19. I have a $50 deductible and pay $90 a month for full coverage. When I moved to Pennsylvania and had to transfer offices, they had never seen that plan before lol.
Bonus #8 Tip to save money by summer:
Consolidate debt with a lower interest rate personal loan. As we all know, when times get a little tough, our credit cards are there to back us up. We may have to depend on our cards more than we want to. But the interest rates on credit cards can be a killer! Having the option for a lower interest rate loan can help you in saving money. Depending on your debt amount, having a lower interest rate can save you hundreds of dollars. Put that amount in your vacation fund :).
if you’re looking for a longer term life event to save for, make sure to check out the post on 10 ways to boost your savings for retirement. Some of these are outside the normal stock options and 401k I like to make sure I’m saving what I need so I don’t have to work until the day I’m cremated
These are just eight ways to save money by summer for your family plans. There are many other ways of course. What ways have worked for you?