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Speaker 1: Hi, stacey Hyde and
I'm back with another episode of

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Better Financial Health in 15
minutes or less.

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And what I'd like to talk about
today is the great summer

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budget busters and how you can
beat them.

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Because did you know that the
average American spends over

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$2,000 every summer?

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That's not like a big trip,
that's just like extra stuff,

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summer activities.

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So what I want to talk about
today is how you can enjoy your

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summer and maybe steer clear of
some of these budget busters or,

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even better, plan for them.

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So common culprits travel.

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Of course we know that airfare,
hotels, eating out that sort of

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thing, kids are out of school,
you've got camps, maybe

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babysitters going to the ice
cream store all those types of

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things can go up also your
utility bill, because you know

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where I live in Memphis it gets
hot, so you know we run our AC

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all the time Social events,
barbecues, weddings, general get

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togethers.

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Maybe you join your local like
the Germantown Athletic Club in

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the summer, so you've got a
membership for that.

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If you can go back and look at
what you spent last year right

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now, as we're just getting
started in summer, so you can

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sort of see what you spent and
make sure you're prepared for

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that that's one way to kind of
start planning ahead, see what

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you did before and then set up a
seasonal budget.

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Budgeting is not just for
Christmas or retirement, it's

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planning for these things and
have a fun fund.

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That's kind of hard to say fast
three times.

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What I mean by that is you know
we always talk about an

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emergency fund, but let's have a
fun fund.

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So put some money in there for
concert tickets, a weekend

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getaway, whatever it is.

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Maybe it's something special
you wanted to do with your kids

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or your parents.

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You know you can use an app for
this or you can just kind of

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plan it out and use the old Dave
Ramsey envelope system with

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cash.

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So there's some alternatives you
can do.

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You can look for free things.

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You know free outdoor concerts.

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The Overton Park Shell has a
lot of free concerts that you

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can go to.

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There's festivals, there's
things like that that you can do

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.

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And instead of hosting a big
event at your house, maybe do a

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potluck where everybody brings
it, because providing burgers

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and hot dogs and all the sides
and all the fruit and all that

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can get really expensive quickly
.

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But if everybody kind of kicks
in, it's not so expensive.

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For example, we have a friend
who makes wonderful paella.

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Well, that's a really expensive
item.

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Well, we're having a paella
party and everybody's going to

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kick in at the cost of all the
seafood.

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She's going to contribute her
labor and then everybody else is

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bringing some desserts, some
sides, their cocktail of choice,

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and it'll just be a fun event
that is not very expensive for

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anybody but everybody's getting
some fabulous food.

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So that's one way to do it.

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The other thing is you can house
swap.

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If you've got a friend who
lives in another area and you

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want to visit there, maybe y'all
can swap your houses or do

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something along those lines.

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Or you can keep an eye out for
little weekend getaways.

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So instead of flying and doing
a big event, you just maybe stay

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closer to home or even have a
staycation where you become a

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tourist in your own town or your
own area.

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That can be a lot of fun.

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And I want to kind of talk about
the difference between spending

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money and getting value.

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There's all kinds of ways that
you can maximize your value and

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it really depends on what you
enjoy.

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You don't need to necessarily
have the big beach vacation,

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because going to the beach right
now is pretty expensive and

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there's a ton of people there.

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So maybe what you really want
to do is maybe go to a lake and

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sit there, because really all
you want to do is be able to see

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water and read a book or
something like that.

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But if the beach is your thing,
that's fine, just make sure you

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plan for it.

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So here's hoping that your
summer is super fun and also

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financially healthy and really
do enjoy that fun fund, because

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I promise you your summer
memories will be much better

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remembered if you also don't
have a big credit card balance

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to get over come next May that
you're still trying to pay off

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this year's vacation.

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So it really is just planning
ahead and setting aside money to

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do what you want to do.

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And here's a challenge take a
hundred dollars and challenge,

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uh, maybe, another family or
friend to see who can do the

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most on a hundred dollars in a
weekend, and I think you could

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have a lot of fun with that,
like, okay, we spent.

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You know you set your ground
rules, what's included, what's

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not included and see who gets to
do the most things for that.

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One other tip for those in the
Memphis area a zoo membership

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can be a great value for a
family, because going to the zoo

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one time and paying for
everybody to go can be pretty

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expensive.

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You basically pay for your zoo
membership in two visits and I

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can remember when my kids were
little we went all the time and

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we'd go for like an hour or two.

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They didn't have to go for a
long time because we had a

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membership and we'd get the kids
out of there before they had a

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meltdown.

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So that was fun to go in the
early morning.

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It was also fun to go kind of
late in the day if we hadn't

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done much during the day.

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So there are some memberships
that can really help you stretch

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your vacation dollars as well.

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Thanks for tuning in.

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This has been another episode
of Better Financial Health in 15

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Minutes or Less.