
Though prices are falling, you can still expect to spend a pretty penny on summertime staples. Like vacay flights and groceries for hosting a barbecue (thanks, inflation). But that doesn’t mean all the trips, weddings, and activities that come with the season have to drain your budget.
Start getting ready ASAP by spring cleaning your finances and reviewing your budget. If there’s not enough room for the summer costs you’re planning, make some more or start negotiating. Can you bring down some bills? Is there anything you can cut? Think: Buh-bye, cable. Hello, streaming service.
Fun in the sun doesn’t always have to be expensive. Hint: Local fairs, festivals, and outdoor concerts are often low- or no-cost options.
If you're up to DIY party decor, a summer bash can be a fun and frugal summer event. Think: a neighborhood potluck.
Carpooling to events with your friends can help you save money on gas. If you prefer driving, emptying your trunk is another way to cut gas costs.
Start with a spending limit for yourself to make sure you don’t go overboard. Or try creating a savings account just for wedding season.
You can find ways to save even when it comes to entertaining the kids. Like heading to a museum when entry is free for kids or playing a card game. There are plenty of budget-friendly kids’ activities everyone in the family will enjoy.
And when you need someone else to entertain your kids, prep your budget. If you have a dependent care flexible spending account through your employer, don’t forget you can use those funds for nannies, babysitters, and yep, even certain summer camp fees. As in, for day camps, but sorry, not sleepaway camps.
If you don’t have a dependent care FSA, consider signing up for one during your next open enrollment period. You can use it to set pretax money aside for covering childcare costs and save.
Traveling this summer is set to be expensive. That means creating a budget — and sticking to it — is going to be more important. Tip: You can cut travel costs if you can be flexible with your travel dates. Read: Do you really need to take that trip in the middle of July? Because lots of people avoid traveling right before school starts. And basic economic rules apply: low demand leads to lower prices. So waiting until August is another great way to save. Because timing is everything when it comes to traveling.
Summer fun doesn’t have to drain your wallet. And you shouldn’t skip the vacation, either. Because it helps with happiness, and you need to use that PTO. Instead, create a plan in advance and stick to it.
Updated April 27th to include information on flights and inflation.
Your source for the biggest financial headlines and trends, and how they affect your wallet.
© 2012-2025 Everyday Health, Inc., a Ziff Davis company. All rights reserved. theSkimm is among the federally registered trademarks of Everyday Health, Inc., and may not be used by third parties without explicit permission
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.