Summer’s here – and with it comes sunshine, ice cream runs, spontaneous day trips, and kids off school for six weeks. While the summer holidays are a great chance to make memories, they can also be a time when our spending quietly (or not so quietly!) spirals.
If you’re feeling the financial heat this season, you’re not alone. Between keeping the kids entertained and juggling holiday expenses, it’s easy to lose track. But a few small habits can make a big difference. Here’s how to enjoy the holidays without losing sight of your financial goals.
1. Set a summer spending cap
Before the school break really kicks off, take a few minutes to set yourself a summer spending limit. Break it down into weekly or even daily budgets to help you stay on track. You might even want to set a separate “entertainment” fund for ice creams, outings, or surprise costs.
Top tip: Try using a prepaid card for family outings – once it’s spent, it’s spent.
2. Check your balance weekly
It might sound obvious, but you’d be surprised how easy it is to avoid checking your account during busy weeks. Set a reminder every Sunday or Monday to quickly check your balance – it only takes a few minutes and gives you a clearer picture of where things stand.
3. Plan low-cost activities
Keeping the kids busy doesn’t have to break the bank. Look out for local free events, museum days, or “kids eat free” offers. Planning a few no-spend days each week can also help reset your budget and keep things balanced.
Free fun wins: Picnics, park days, treasure hunts, movie nights at home – all memories made without the price tag.
4. Get the kids involved
Older children can be part of the budgeting too! Whether it’s helping plan the food shop or giving them a small budget for a day out, it’s a great way to teach them about money. Plus, it can help them understand why you’re saying “not today” to that third slushie.
5. Avoid the “back to school” panic buy
It’s easy to get caught in the last-minute rush to buy school supplies, uniforms, and shoes all in one go. Spread the cost over the summer by picking up one or two things each week. And always check what you already have before heading to the shops.
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Summer Survival Guide: Fun and Affordable Activities for Kids