Blog ai summerbudget

3 Reasons Summer is Good for Your Budget

We’re all a bit easier to please during the summer months. School is out. Schedules are more laid back. And an evening of entertainment may simply require a few lawn chairs for the adults and a sprinkler for the kids to run through. Take advantage of that easygoing attitude and your budget will thank you!

Cook Up Savings in the Kitchen

For most of us, summertime means fewer scheduled evening activities, so it’s the perfect time to cook more meals at home. Even if you find yourself on the run, grilling is a fast and tasty way to get dinner on the table quickly. And for a special weekend treat, try this homemade strawberry cake recipe from Martha Thompson, our Director of Guest Relations.

Ny2013 bv budget1

Speaking of tasty, consider planting your own vegetable garden. George Ball, chairman and CEO of seed giant Burpee, says every dollar you spend on green bean seeds will result in a green bean harvest worth $75. Mr. Burpee, er, Ball may be exaggerating a bit, but a family vegetable garden is a great family project that can cut your grocery bill.

If you don’t have green thumb, try your local farmer’s market for fresh produce at a great price. If you’re really industrious, you can even buy extras and can them for the winter.

Don’t forget the no-fail way to reap the savings, especially in the summer—cut up the credit card! People buy more junk food with plastic, and who needs junk food when there’s an abundance of fresh summer fruit and veggies?

Easygoing Entertainment Options

Everyone needs some time to relax and have fun. Luckily, summertime fun can be simple and cheap!

—Enjoy the warm weather with outdoor activities that are also good for your health, like neighborhood bike rides or playing Marco Polo with the garden hose. Who needs a gym membership when you have activities like that?

—Organize a neighborhood foursquare, kickball or soccer tournament. Better yet, get your kids involved and let them run with the idea.

—Gather cardboard boxes of various sizes and make something from nothing. We ran across this video of a nine-year-old boy who created an arcade from boxes.

—Check websites for local hidden attractions to find their “freebie” days. Arrange a backstage tour of your favorite restaurant.

And keep in mind, your kids don’t need you to shell out for expensive outings. They will honestly enjoy family game nights, camping out and watching Fourth of July fireworks as long as it means spending time with you. Get ideas for more fun summer activities.

Kids Contribute

From the 1950s to the 1990s, 45–60% of teenagers had summer jobs. These days, only about 25% work during the summer. Summer jobs are essential for teaching kids the responsibilities of holding down a job. They’ll also learn the value of earning and managing money.

If you have older kids, encourage them to be creative about how they can earn some money in their free time. Your budget will benefit as well since they won’t be hitting you up for spending money!

Dave has plenty of tools you can use this summer to teach your kids valuable financial principles that will last a lifetime. Financial Peace Junior has everything you need to start teaching your kids the values of working and earning money. And The Graduate’s Survival Guide will give your recent high school grad a close look at what it’s like to handle money on their own.

Tell us how you will make this summer good for your budget by leaving a comment below.

More from the Blog

5 Money Lessons Learned From the Gridiron

There is more to football than championships, tailgating and fantasy drafts. Here are five life lessons you can learn from the popular sport.

25 Myths Broke People Believe

We asked Dave’s blog readers and radio listeners for the most common excuses they hear from friends and family who are up to their eyeballs in debt and unwilling to change.

5 Money-Saving Tricks for a Happier Halloween

Americans love Halloween. It’s frightening what we spend each year on candy, costumes, and carved pumpkins. Try these five simple tricks to stay on budget this season.

Why It’s Okay to Enjoy Wealth

Spiritually mature people don’t credit their success to themselves or to their work ethic, and their lives don’t revolve around the pursuit of wealth. Get Dave's take in an excerpt from The Legacy Journey.

15 Insider Tips for Your Next Debt-Free Vacation

Dave’s Facebook Fans shared how they saved cash this summer while enjoying a week of work-free and debt-free bliss. Here are their top 15 money-saving tips.

Fall Fun for the Budget-Conscious Family

Since Dave Ramsey’s Facebook fans always have great ideas to share, we asked them how they enjoy fall activities without spending a fortune.