When you’re hit with an unexpected bill, a short term loan is a quick and reliable way to correct the situation. However, taking out a short term loan should be considered carefully as there may be cheaper alternative options. This is one of the many reasons why we save for a rainy day. Funnily, the best time to save is during the sunshiny summer days!
Yes, the kids may be on the big summer holiday, but it doesn’t mean it’s a more expensive time than any other season. As well as summer money saving tips, we bring you some ideas on how to have an amazing time by saving money on brilliant days out!
Saving can be fun
Here’s a clever trick we hold as a firm favourite here at My Financial Broker. The £1 Saving Challenge is perfect to start in the summer and continue for six months until Christmas time. It involves saving £1 in week 1, £2 in week 2, £3 in week 3 and so on. So if you start on the 1st June with the aim of finishing on 1st December you would have saved £364.50 – which is an amazing contribution towards Christmas presents and the Christmas dinner! If you’re worried about saving a larger amount nearer to the festive season then all you have to do is switch it around so you’re paying £26 on week 1, £25 on week 2 and so on. Concerned you’re going to open that My Financial Broker too soon? Just get yourself one of those smashable jars where you have to break it to get into it.
Visit your local library
Whether you have children or not, the local library can provide plenty of entertaining fodder for lazy sunny days your garden or local park. No matter if you’re into the classic, the latest thriller or acclaimed bestseller, you’ll find it at the library for free. Sunbathing just got a whole lot better with free books. If you do have children then it’s worth checking out the local summer holiday workshops and events held by your local library. This could include crafting sessions and storytelling by local authors. All of this is free and keeps kids occupied for hours on end. Find your local library here.
Forget Reading, Leeds and Glasto, there are hundreds of free music festivals all over the UK just waiting for you to check them out. From the incredible Summer Jam festival in Liverpool to the Birmingham & Solihull Jazz and Blues Festival, there’s a music festival for every genre! You can even bring your own food, drink and chairs for the ultimate chilled out festival experience. Check out Eventful or for free festivals near you.
Pay yourself to treat yourself
Every time you, your partner or your kids do something good like the washing up, hoovering, taking the bins out and so on, pay yourself a small reward of about £1 to put away in the My Financial Broker. Start in around May and give yourself an end date of the start of August (or a month if you’re on a tighter budget). Watch the pounds grow and by the time you come around to opening the money box, you’ll have enough for a financially guilt-free day out for the whole family – and a cleaner house because everyone will have chipped in! Some ideas include visiting a zoo, safari park, paintballing, the theatre, cinema and more.
Find the best theme park vouchers
There are hundreds, if not thousands, of money-saving vouchers for days out and activities. Theme Parks, in particular, can be a real money-crusher in the summer holidays. But if you shop around you can get as much as 75% off gate-entrance price. Even just buying tickets online can slash your spending. For example, it’s £32.50 to get into Blackpool Pleasure Beach on the day, but only £16.25 when buying at least 10 days in advance online. It’s also worth checking out the papers and using the coupons – you can save big money on theme park tickets. Take a look at this amazing cheap theme parkguide.
Shops with free kids activities
There are so many big-name stores that host free events for kids. A few fun examples include Dobbie’s gardening workshops, Halford’s bike workshops, Hobbycraft workshops and Pets At Home animal workshops! There really is something for every child – whether they’re a budding artist or an animal fanatic.
Sell stuff at a boot fair
Surprisingly, boot fairs can be great fun for the whole family. Think fresh doughnuts, ice lollies, bargain toys and actually making money at the same time. Find your nearest car boot sale and just pay a small price to pitch up and sell your items. The average person makes £115 in a car boot sale in just five hours – that’s £23 per hour! Not only will you be getting rid of stuff you don’t use anymore and making money, but you can also teach your little ones about money too. It’s a good idea to get your kids to help on the stall, handle cash and work out the change. A lot of car boot fairs have a bouncy castle – which is a small price to pay to reward your little hard workers!