Sunshine, swimming, BBQs, ice cream, and no school for the kiddos – just some of the perks of summertime. With so many opportunities to get together with friends and family, it’s essential to be mindful of your summer budget when planning your activities. We’ve got some tips for sticking to your summer budget – and saving money now can help you avoid credit card debt during the holiday season.
People often set a budget for themselves at the beginning of the year and plan to keep things consistent throughout the year. However, summertime activities come up unexpectedly and “summer fun” is typically not a section on everyone’s budget. After creating a budget, you should revisit it throughout the year to make sure your goals are still achievable during different seasons.
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It’s very easy to forget about your budget and instead swipe your credit card when your friends ask you to join them for summertime fun activities. If you’ve created a summer budget, you probably have a set amount of money to spend on each activity. You should only take cash with you when you’re hanging out with friends and family; doing so will help you to prioritize your spending on only the most essential items.
Eliminate Unnecessary Expenses
During the summer, it’s more likely that you’ll be spending your time soaking up the sun instead of binging the newest Netflix releases. Take a look at your monthly subscriptions and cancel any that you aren’t using, or ones that you know you could live without, during the summer.
Search for Free Activities
Craft fairs, outdoor concerts, hiking, and movie nights in local parks are just a few free options you have for finding some cheap summer fun. Check your local news source or join some groups on social media to learn about the free activities in your area. You’ll be able to save fun while still enjoying the summer weather.
Apply for a Debt Consolidation Loan
Overall, the average interest rate for a debt consolidation loan is lower than the rates from credit card companies. If high interest rates keep adding on to your credit card balance, loans for credit card debt could be the answer to your financial burdens. Your monthly payments will become more manageable when you have a lower interest rate. You’ll be able to pay off your debt faster even if you have a limited budget. Once approved for a loan, your summer budget will be one you can stick to. You’ll save time and money as you manage one payment each month – a payment that you can afford. There are even ways to get a loan with bad credit.
Let the specialists at Lendah find the best unsecured loans for you. It only takes one application to find your best options.
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If you have questions about debt consolidation loans, speak to our team of knowledgeable professionals. Our compassionate loan matchmakers will find the best terms tailored to your unique situation with fast approval and rates starting as low as 3.84% for amounts up to $100,000.
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