How to Save $$$ Over the Summer

I’m gon’ teach you guys how to save (or try to) this summer!

  • Budget

    The best way to budget is to plan ahead all of your monthly expenses with your estimated amount of income. Track your spending, leave a buffer for unexpected costs, and adjust your budget accordingly.

    You can use budget apps such as “Mint” or “Clarity Money” to help manage your bills and spending effortlessly.

  • Sell Your Stuff

    For those occasional outfits and accessories that you know you may never wear again in the next fall or winter season or old electronics sitting around somewhere, you can clear the space and make money from them. You can find local thrift stores that buy clothing or sell on websites or apps. Here are some suggestions:

  • Start Thrifting

    You can always rely on retail thrift stores such as Plato’s Closet and Goodwill for a large collection of used clothing but plenty of local thrift stores have a smaller collection with specific styles of clothing whether it is vintage or chic. While I’m thrifting, I always think about the quote, “One man’s trash is another man’s treasure.” Once you’re comfortable with thrifting, hopefully you’ll be satisfied with what you can find and the best part is that it’s inexpensive.

Drive!

If you are 18 or older, you can make money while you drive and deliver food with UberEats, DoorDash, or Grubhub. On these apps, you are estimated to make between $10-25 which can easily be a part-time job or side hustle to make extra cash while on your own schedule.

  • Enjoy the outdoors

    When there’s nice weather, I personally enjoy just being outside, going to the park, or taking a walk. You can chill outside with your friends on a sunny day or discover cool, photo worthy spots without spending any money.

  • Carpool

    Gas is a b*tch. You can easily save hundreds of dollars by carpooling with friends and family. You don’t want to be the friend or family member who is always asking for a ride but you can take turns driving to trips to the beach, mall, wherever to save the gas and mileage.

  • Meal prep

    Okay, this one is difficult because if I’m being honest, most of my money is spent on food. Ultimately meal prepping will save you (and myself) money that you did not even know you had. You can invite your friends over for lunch or dinner to cook a meal instead of going out to eat which also saves you from that extra tip (it adds up!)

Cancel memberships

Every network or public figure is promoting another paid subscription lately and just like gas prices, the rates only increase. It is easy to give in but you should know by now that monthly subscriptions are a nuisance! You do not need them all I PROMISE.

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  • SET GOALS

    For your own savings plan, it is essential that you set goals for yourself so that you can create a timeline and adjust your budget to meet your timeline. You can set monthly savings goals and seasonal goals (short-term and long-term.) For example, if you want to save X amount of money by the end of the summer, at the end of each month in the summer you can save a smaller portion of X amount to meet your overall goal. Tip: Write it down.

  • DO NOT SPLURGE

    You would have completely wasted your time practicing these steps if you choose to go to your favorite store one day (or shop online) and splurge. In your budget, remember to leave spending money for shopping, buying food, and going out and try to be as precise as possible. If it is not in your budget plan, you cannot buy it. It will only set you back from achieving those short and long-term goals.

    That’s all! Hopefully this list helps you buy those Balenciaga socks at the end of the summer without putting a dent in your bank account.

Rebecca SimpsonComment