Collaborative Post. For a lot of reasons, the summer is often a time when we all tend to spend a lot more money than at many other times of year. It is perhaps rivalled only by the Christmas period, and it’s certainly something that can cause a lot of trouble for a lot of families.

Because you usually do more with your family, you will find that you are likely to spend money during the summer which you wouldn’t usually spend. And if you are self employed, you may need to work less (with less income) and play more (with higher expenditure) in order to care for your children while they are on holiday.

It is important therefore to be able to prepare your finances for the summer months, so that you don’t end up bankrupting yourself or causing yourself any trouble. In this post, we are going to look at some of the things that you might want to think about in order to ensure that your finances are ready for the coming holiday season.

Dreaming of the beach…

Budget It Out

Whatever it is that you might have planned for the summer, you need to make sure that you keep track of your expenditure. Budgeting your summer will mean that you will keep hold of your finances much more easily, and that is the main thing that you are going to be aiming for.

In order to prepare a realistic summer budget, you’ll need to think about what you might need to cut back on, and what it is you are happy to spend on. The more time you give yourself to do this budget, the more accurate it will be, and you will find that you are much more likely to be fully prepared for the summer ahead when it comes to your money.

Find Cheap Fun

Of course, it is also worth trying to find some great ways to have fun for less money – or even no money at all. If you take a look at this list from Little Loans you will see that there are plenty of ways in which you might hope to have fun as a family for less or no money at all, and these activities are certainly worth making use of if you hope to have a much cheaper summer on the whole.

If nothing else, doing more free things will ensure that you are going to have a lot more money by the end of the summer, so it’s definitely worth thinking about for that reason alone.

Escape to the Sun…

Save For the Holidays


It’s not really a summer if you don’t manage to go on holiday, even if it’s only for a short while. This is a significant portion of most family’s summer budget, and you will possibly need to plan for it well in advance and put money aside throughout the year for the big splurge on holiday.

Holiday expenditure comes in two blocks – firstly you pay for the holiday itself, and secondly, you often spend money more frivolously while you are away and relaxing. Make sure both of those sums are accounted for in your holiday budget and set affordable limits for them, and you will be well on the way to having a fabulous summer without breaking the bank..

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