Summer Money Saving Tips

Danielle Ratford - Client Service Specialist - Hoyes Michalos & Associates Inc

With the summer months fast approaching us I thought it would be useful to share some money saving tips to help cool off spending in the heat of the summer.

Here are my top 5 tips:

Turn down the Air Conditioning- Some days can be sweltering during our Canadian summers, but you can take advantage of our cool nights. Open your windows and let the cool air in. It’s good to breath in the fresh air and good on your wallet. Less Air conditioning means less energy which equals more money in your pocket.

Keep your summer holidays local- Everyone needs some form of get away to unwind and enjoy time with family and friends especially during the warm months. Check your local newspapers and blogs to scope out free events in your area. There is practically something going on every weekend in the summer, from Music Festivals in local parks, to out door movies at City Hall. Most of these events are offered for free or at a small fee, these events are local and support your community. Click here for more information

Walk, Bike, Rollerblade to work- In the summer month’s gas prices often peak. If you live close enough to your place of employment, why not consider leaving the car at home on nice days and walk to work. You will save on gas, and get some exercise at the same time. If you do this a couple times a week, you will be amazed at the savings this can generate. Our Region is participating in the 11th Annual commuter challenge, which challenges all of us to consider a more eco friendly to travel. For more information on how to get started check out the link below.

Hang your clothes outside to dry-Instead of using the clothes dryer to dry your clothes, hang them out to dry on warm days. You can purchase a clothes line from your local hardware store which are relatively inexpensive. Using clothes lines to dry your clothes will again cut down on the energy you use and are friendly for the environment.

Create a summer budget- Summer time is often one of the busiest times of year for some people. It is important to create a budget to achieve as much as possible during the summer without causing a strain financially. Set up a budget for all areas, but include summer specific categories examples of areas to consider could be vacation or day trips and parties. It is important to create a realistic budget and stay within it.

If you finding yourself in a position where you cannot stay within your budget and  are stretching beyond your means each month and you are considering your options or need guidance with your financial situation, feel free to give at 519-622-3773 or send us an email to discuss your options.