Money Matters: Five summer saving tips

Reported by: Brittany Price
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Updated: 5/14/2014 10:04 am
The average person spends about $515 more each month in the summer. 

The problem is that almost half will be strapped for cash when September rolls around.

"You see a lot more happy hours, the kids don't have school the next day so the families are going to movies, more entertainment value," Financial Professional, Dereck Blair, said.  

Blair said while there may be more excuses to burn cash in the hotter months, you can still save with five budget tweaks.

Number one: save at the store. 

"Coupons. If you can go to the store, use coupons or even buy generic. A lot of the time a family won't know if you're making a meal using generic and that will save you a lot of money in the end," Blair said.  

Number two: make your own meals. 

"Now-a-days it seems like any fast food store you go to it costs you $7 or $8 for one meal. So if you save up four or five times a week and bring your own lunch, that's going to save you $30 to $40 a week. That's up to $150, $160 a month," Blair said.  

Number three: reconsider bills on auto-pay. 

"Now I understand it's good to have your insurance and things like that on auto-pay, but if it's just little things we want let's think through those. Maybe it's not the best to have those things on auto-pay. Pay them as you go, maybe you'll realize you don't need them," Blair said.  

Number four: ditch costly gym memberships. 

"With the summer being nice weather, get outside and run. With the internet, it's easy to find at-home workouts. Take it to your advantage. Save a little money. Save on gas driving to and from the gym," Blair said.  

Number five: plan some fun frugal.  

"Have some friends over to the house for a game night. Everybody bring an appetizer or even a bottle of wine. Save some money going that route," Blair said.  
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