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With schools letting out for the summer, and folks gearing up for long-awaited getaways, many are clutching their wallets and bracing themselves for the pain. From graduation gifts to BBQs, from summer sales to finding activities to keep the family busy, the promise of hurt for your wallet is inevitable. So here are a few tips on how to save some money during the summer months.

Avoid Tempting Summer Sales

First things first--if you don’t NEED anything then STEER CLEAR of summer sales. There is no denying shopping sales can be fun, seeing slashed prices on everything from linens and appliances, to clothing and accessories can be a thrill! However, going to a summer sale with no specific goal in mind is like entering a battle, the one casualty being your bank account. If you choose to shop without a list, you may end up impulse-buying moderately priced items that you absolutely do not need or a seasonal item that that you might not use.

The best thing to do if you must go to a summer sale is to prepare yourself and to do research before you venture out. At the beginning of each season, make a list of items you know you need or have saved for, and do not deviate from that list no matter how great the offer is. If you know that you need a new pair of sandals, for example, search for the very best deal online before you step foot into a store. This will help you curb impulse spending. Only after you find the best deal should you purchase the item, and if it wasn’t on your list to begin with, you shouldn’t buy at all.

You can use websites like Shop Style and Polyvore to compare prices of clothing items that you need, and if you see an item that you want, you can use mobile applications like Red Laser to scan the barcode and see if you’re getting the best deal, or if the item is offered for less elsewhere.  If you decide to shop online sales, avoid overpaying by using websites like Retail Me Not for coupon codes.

Take Advantage of Free Activities

Between buying tickets for the latest summer blockbuster and preparing for a trip abroad, keeping yourself, your family, and your friends busy can be quite the money suck. But if money is tight, or you’re just trying to spend less this summer, summertime is the best time for free events. Your city newspaper or local events calendar is probably brimming with fun and inexpensive events for everyone in your family. From parks and museums to outdoor movies and concerts, your city likely has a number of things on any given day to go see and do. So before you shell out another $10 at the movie theater, check out what your city has to offer!

Want to save more and pay down debt?  Take the Military Saves Pledge today then visit for information and inspiration.

Tip of the Day

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    Teach your #kids about finance - start with the #Money as you Grow program >>

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