It's summertime! And that means the kids are out of school and there are SO many activities... and your budget running away from you with all the great things to do. So here's our top three tips for making your summer fun WITHOUT breaking your bank! Hope you enjoy the video below!!
It's only honest to say... Our family always goes OVER budget when it comes to summer stuff. But we have learned a lot over the past few years and here are our top 3 tips for keeping your summer budget.
Tip #1 - Avoid the CREEP
These are typical things that creep up on your budget. You don't realize how easy it is to grab a drink thru the drive throught, or add a couple extra perks to an outing. All the money adds ups. So you have to get used to saying "NO" to somethings and save the for next time.
Tip #2 - Plan a budget per activity
Our family uses the envelope system. We budget money per activity by placing a set amount of cash in a envelope. Once the money is gone, that's it. This has really come in handy with Jamie this summer. He is learning all about money, value and counting. Win / Win.
Tip #3 - Transparency
We don't hide our kids away from our finances. We are really open with them how we budget our money. We also tell them we can always come back to do another activity. Naturally, we really try hard to go back to those activities too. For example, we went to Disney last year. Our kids LOVED it!! Of course, there were things we couldn't buy or just didn't have time for. Next time we go, those missed activities will be the first thing on our list. Its a commitment we made to our kids and the best way to build trust is follow through.