Summer can be one of the most expensive times of the year. Staycations and fun summer activities can start to add up and take a chunk out of your budget. The pandemic restrictions have been lifted in the UK, and everyone wants to enjoy lifeís luxuries again. However, itís important to assess how much you can afford to do this summer before you start buying tickets.
Here are a few ways to save money this summer while still having fun:
Set a budget and stick to it
Every month you should make a budget to outline your fixed expenses, variable expenses, and savings contribution. You can follow the traditional 50/30/20 rule or divide your money according to your salary and lifestyle. You need to make sure that you have enough money to cover rent and household expenses before spending on summer plans.†
If your bills have been a little cheaper this month, you can put those extra pennies towards a staycation or fun weekend. Use a prepaid debit card and monitor your spending throughout the month to keep yourself on track. Check your bank account every day and adjust your budget the following month to make sure it is realistic.
Look for free activities in your area
Tourist attractions and popular activities can cost a lot of money. Try to opt for free activities, like parks, beaches, and museums Ė over expensive attractions in your local area or staycation destination. A one-day ticket to a theme park can take up all your entertainment money for the month. However, a beach day can cost you a few pounds for parking and ice cream.†
Unsubscribe from unused services
We were all guilty of subscribing to gym apps, magazines, streaming services and much more during lockdown. People often use these subscriptions for a week before forgetting about them and not using them anymore. Check how many subscriptions you have on your phone and cancel the ones you do not use anymore. You probably donít need a membership to Netflix, Amazon Prime, Disney + and Hayu. Choose your favourite and remove the others to save you hundreds of pounds each year.
Book tickets early
Some activities are worth the money, and itís nice to treat yourself from time to time. If you fancy a spa trip or a fun day in a new city, book the tickets early. You can save money on train prices, tourist attractions and accommodation by booking things in advance. This way, you can have plenty of things to look forward to and time to budget for them. Easy!
Go for a staycation
International travel is still a little uncertain and requires several PCR tests. Save money by travelling in the UK this summer and visit a place youíve never seen before.
You can be smart with money and have the summer of a lifetime.
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