July 2013
Barbara O’Neill, Ph.D., CFP®
Extension Specialist in Financial Resource Management
Rutgers Cooperative Extension
Want to save money this summer for vacation expenses or other financial goals? Consider these summer savings tips. Each one provides a small step toward improved cash flow by reducing household expenses.Want to save money this summer for vacation expenses or other financial goals? Consider these summer savings tips. Each one provides a small step toward improved cash flow by reducing household expenses.
Food
- Stock up on seasonal produce (e.g., blueberries) at reduced prices and freeze it for later use
- Plant a garden to grow fruits, vegetables, and herbs inexpensively
- Pack lunches and snacks for vacation day trips instead of eating out at restaurants
- Use coupons in newspapers and Entertainment Books to save money on restaurant meals
Travel
- Take advantage of discounts for AAA and AARP members and coupons in local travel guides
- Contact state tourism departments for free vacation guidebooks with money-saving coupons
- Make sure that your tires are properly inflated and your engine tuned to maximize fuel economy during vacation trips
- Follow “The Rule of Three” and compare at least three airlines, rental car companies, and/or hotels on vacation trips
Utilities
- Dry clothing outdoors to save on energy bills or laundromat charges
- Use fans, instead of air conditioners, to cool your home
- Have your oil or propane tank filled now, instead of the fall, to save on fuel costs
- Replace an aging air conditioner with an energy efficient model; inquire about rebates from your electric company
- Water your lawn at night; you’ll use less water than during the day because there is less evaporation
Other
- Plant trees or use window treatments to shade your house from the sun
- Check out neighborhood garage sales and flea markets for inexpensive clothing, housewares, and tools
- Wash your own car instead of taking it to the car wash
- Take advantage of free or low-cost public services including outdoor concerts, pools, parks, and summer recreation programs
- Use moth balls or cedar blocks to protect winter clothing from damage