Stay Out of Debt This Summer
Posted on April 22nd, 2011
Now is the time to make the most of the warmer weather by going out, going on holiday and getting some nice new clothes. Summer is a prime time of year for people to start spending money that they haven’t got. Get wise and don’t fall into the debt trap this summer.
Rises in the cost of living and higher rates of inflation mean that for most of us it’s time to cut back. Reducing your outgoings doesn’t mean you have to stop enjoying yourself though.
It can be very liberating to get creative and spend your pennies wisely to get the maximum out of the summer months.
For many people the family holiday is one of the biggest expenses of the summer and it’s a well deserved treat when you’ve worked hard all year. Don’t be tempted to put it on the credit card, though, as the stress of paying it off again will certainly outweigh the benefits.
Use these simple tips to cut back on your outgoings and use Moneysupermarket.com to help you save for your next summer holiday instead.
The season often starts with shopping for a new summer wardrobe but it’s usually unnecessary.
Look through your past seasons clothes and you will find the majority of what you have is perfectly fine for this year too. If you are a dedicated follower of fashion and can’t live without the latest trends then update your basic look with a couple of key accessories.
On the whole, though, stick with what you’ve got and only spend your money on the essentials. With today’s disposable attitude to fashion you’ll find charity shops are full of clothes that are as good as new, especially for kids. Invest some time rummaging and you’ll discover some great finds for a fraction of the cost of the shops.
The warmer weather is perfect for evenings out, but again the costs can add up. If you can’t afford to go out for a night then don’t, your friends will understand and will probably be glad of saving some money themselves.
Find cheaper things to do such as inviting your mates round for a themed barbeque rather than going to the bar, you’ll have much more fun.
If you have outside space, even if it’s just a window box, then start growing your own salads and vegetables. It’s a great way of saving money and is much healthier and tastier too.
When it comes to days out, think smart and get prepared. Even buying a coffee and sandwich can add up to a considerable amount of cash. Make a picnic and flask of tea in advance and you will easily save yourself £20 – £25 on a family day out.
Scan the papers for special offers or look for free things to do with the kids such as nature rambles and trips to the park. For rainy days then do some junk modelling with the contents of your recycling bin or a treasure hunt around the house. The kids love it and it’s completely free!
Summer doesn’t have to be expensive. Live frugally by cutting back on the non-essentials and put some money aside for a rainy day to stay out of debt this summer.
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