Finance Globe

U.S. financial and economic topics from several finance writers.
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Beware of These Summertime Budget Busters

budget-faling1

Are you the type of person who waits all winter (and spring) long for warmer weather to move into your area? Is this the time of the year when you enjoy yourself the most?

While there’s nothing wrong with savoring every last minute of summer, there’s something to remember: these months have the potential to take a toll on your budget.

Here are a handful of summertime budget busters to keep a close eye on:

•    Electric bill. As the temperatures rise you’ll find yourself searching for ways to remain cool. Like many, you immediately turn to your home’s air conditioner. While this is sure to bring you the relief you’re seeking, it can also send your electric bill through the roof. There are other ways to remain cool, such as by opening windows and doors, so look into these ideas as well.
•    Vacation expenses. Many people wait until the summer months to take a vacation. If you have one or more trip planned for the months to come, make sure you set a budget. Neglecting to do so could lead you down a dark path in regards to your spending. It’s easy to overspend when you’re away from home and having the time of your life.
•    Clothing. Everyone wants to look their best during the summer months, right? With this in mind, you may find yourself upgrading your wardrobe on what seems like a daily basis. From a new bathing suit to updated workout gear, it’s easy to get into the habit of overspending on clothes during the warm summer months. Before you do this, scour your closet to get a better idea of what you really need and what you can do without.

These are some of the many expenses that can quickly grow out of control during the summer months. Now that you’re aware that this could happen, you should be able to make changes as to avoid trouble.

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Comments 1

Frank on Wednesday, 18 July 2018 11:47

My wife have taken 3 vacations this summer and boy have the bills stacked up! We weren't planning to take so much this year, but with family obligations it kind of just happened. We have been trying to earn some extra money this summer as well to help pay.

My wife have taken 3 vacations this summer and boy have the bills stacked up! We weren't planning to take so much this year, but with family obligations it kind of just happened. We have been trying to earn some extra money this summer as well to help pay.
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Monday, 19 August 2019

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