Summer Saving Tips

Memorial Day typically represents that start of summer, even though the official start is still a few weeks away. However you look at it, now that summer is nearly here, it's a great time to take a break from school, take a break from work, go on vacation, and have some fun. Summer is the perfect time of year to enjoy some beautiful weather, but it's also an opportunity to take advantage of some great ways to save money and rebuild your savings account. In addition to the many ways to save on your spending detailed in previous Escient Financial Insights articles on saving, check out these summer saving tips to get you started on your savings journey.

1. Save Some Energy by Turning Off the Air Conditioning

You can experience some beautiful weather in the summer months, and there is no better way utilize the fresh air and warm weather than by turning off the air conditioning unit, opening up the windows and letting the amazing summer air in. Enjoying the fresh air will not only save you on your energy bills, but it will also air out your house after the stuffy cooler months and let you take in some fresh air if you are cooped up inside. 

2. Hang Your Laundry Outside to Dry

Speaking of energy bills, you can save even more on your monthly electric or gas bill by skipping the dryer after your laundry and hanging freshly laundered clothing to dry. This is a fantastic way to save some energy while getting the amazing fresh air smell into your clothes.

3. Consider a Cookout

Your stove and oven use a lot of energy when working and, even worse, they produce a lot of heat that has nowhere else to go but to fill up the rooms in the house. Consider cooking out on the grill especially on hot days so you can keep your house cool while enjoying a fresh air outing with your family and friends. 

4. Stock up on Fresh Fruit and Produce

A wide range of fruits and vegetables will come into season during the summer months that would be expensive to purchase when the season passes and the cool weather comes. Take advantages of the lower prices and stock up on your favorites at the farmer's market. You can freeze your favorites to be able to enjoy them when the season is over without the extra cost. 

5. Try Biking or Walking for Transport

Save some gas at the pump and do your part to support the environment by opting to take a bike or walk to destinations that are close to your home. You'll be able to enjoy the great weather, get some fresh air, fit in your daily exercise, and save money all at the same time. If you need to run errands, employ the family to come with you to help while enjoying a group bike ride or walking adventure. 

6. Take Advantage of Free Events

There are many fun activities for you and your family to do in the summer that are free or cost little to attend. Many towns and counties will host festivals or outdoor events such as street fairs and concerts in the park. Not only will you enjoy some free entertainment but you'll also be able to meet some of those in your community. On nice days when there might be no events around, spend the day having a picnic at one of the local parks, beach, or take the kids to the playground.

7. Plan Ahead for Vacations

If you're planning a vacation, make sure to book flights and accommodations well in advance. This can often result in significant savings compared to last-minute bookings. Additionally, consider alternative accommodations like vacation rentals or house swapping, which can be more affordable than hotels

Use the beautiful summer weather to help you save on energy and entertainment. Follow the tips above to help put some more money in your savings account while enjoying all the summer weather has to offer. Remember, Escient Financial is here to help you with all aspects of your financial plan, including budgeting and finding ways to save and invest more so that you can achieve your goals.