Maine’s Credit Unions’ Young & Free Maine Spokester put together five tips for getting out and about this summer while staying within your budget.
Beating The Heat
We all know how brutal the winters here in Maine are, but our summers can get quite hot and humid as well, causing people to run to the store to pick up bottled water, sunscreen and aloe (for those times the sunscreen fails). The cost of just these three items add up over the summer months.
Consider stocking up on your sunscreen at the end of the season. It goes on sale near the end of the summer, and you can usually combine the sale with coupons for even more savings. Try filling up a reusable bottle with tap water rather than buying bottled water. Drinking tap water saves you money, and it’s easier on the environment. As far as aloe, consider growing your own plant (or try your very best to avoid getting a painful burn)!
Who doesn’t love an iced coffee on a hot summer day? With iced coffee beverages growing in popularity, so too are their prices. Have you noticed that iced coffee is more expensive than hot? Well, that’s because it takes longer to make, and while ice may be water, it’s not cheap. Consider making your own coffee at home. The average cost of a cup brewed at home is around twenty-seven cents. That’s around two dollars cheaper than buying your coffee out!
It’s no surprise that summer is the peak of the rental season. There is no snow or ice to slip on when hauling furniture, and people are more likely able to recruit friends and family to help. The summer is also when students are looking for a place to call home for the upcoming school year. Because of the high demand, rental prices are a bit more expensive during the summer months. If your housing situation allows, considering moving during off an off-peak season like fall or spring. Rent prices are likely to drop, and that price will soften the cost of your yearly lease.
Who wants to walk around a car lot in the winter? Because of the convenience and high demand in the summer, prices rise on vehicles. Dealerships know that you got that tax refund not too long ago and they’re ready to take advantage of that. Again, consider making your purchase when it gets cooler out and the prices drop a bit. If you’re looking for seasonal transportation like a motorcycle, purchasing in the winter will reduce the cost quite a bit. However, if you’ve been saving your pennies for a new snowmobile, now may be the time for you to jump on it.
The long summer days make for more free time with friends and family. This often means going out for food and drinks more often. Dining out can get quite expensive, and even more so when drinks are involved. Consider having friends and family over for a home-cooked meal. It’s finally nice enough out for you to fire up that grill, and having guests bring over food for a potluck is an even better way to save!