Summer Planning: What New Expenses Will You Experience?

Today, in the first of two parts, we’re looking ahead at the coming summer.

Kids are out of school, but many parents are still headed  to work each day. Summer also brings other increased expenses for those without kids as well.

As you prepare for summer, what additional expenses will come up? Let’s take a look at a few items that might be added to your summer spending.

kids pool

  • Household Energy Use

Earlier this year, we looked at a few ways to save energy and money at the same time. One great way to save money during any time of year is to plan ahead when the weather affords the opportunity to open windows and turn off the air conditioning. Weather.com is a great site to visit for up-to-the-minute information.

  • Travel

There are a lot of areas where traveling can add expenses this summer, whether it’s higher gas prices impacting your drive to and from work or your airplane tickets to a summer getaway destination.

If you’re driving on vacation, or just looking for the best deal between your home and office, one great app to download is GasBuddy. There, you can search for the best rates by zip code.

  • Child Care

Many families will rely on child care this summer, but the additional hours will add cost to your bottom line.

The U.S. Department of Health and Human Services (HHS) recommends that parents spend no more than 10 percent of their household income on child care. However, according to ChildCare Aware of America, the cost of center-based care for an infant exceeds the 10 percent of state median income for a married couple in 40 states and the District of Columbia.

Planning ahead for child care is important, because it can be a major expense. Be sure to know if there are increases in cost or changes in available hours with your child care provider.

  • Entertainment

Do your kids want to go to the pool with their friends this summer? Is it cheaper to get a seasonal pass or pay by the day?

Are there camps – baseball, basketball, arts and crafts, reading, etc – that your kids want to attend? Many of these will also come with a cost as well.

How often can you afford to go out for dinner? Sometimes life doesn’t leave time on the schedule for cooking dinner… but eating out every night can get expensive. Planning ahead can help save time, and money, on meals.

What are some expenses you have coming up this summer? Let us know in the comments section below!

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