How to Save Money Tip Day 6: Quick Ways to be a Tourist in your own Community

How to Save Money Tip Day 6: Learn How to be a Tourist in your own Community

Have you given any thought to taking a lower-cost staycation this summer instead of a pricey vacation?

  1. Definitely take some time to plan out your staycation. What are you going to do during this time?
  2. Research possibilities within 100-150 kms from your town or city. Look at museums, art galleries, provincial parks, nature trails, aquariums/zoos, a play in a local theater, wine tours, concerts, bowling, historical sites, amusement parks, miniature golf, just to name a few possibilities
  3. Look for special programs, activities, or events- often there are big celebrations for holidays such as July 1st (Canada Day) or July 4th (Independence Day)
  4. Worried about putting mileage on your car- then rent a car
  5. Look for discounts and coupons for entrance fees or rentals
  6. Book online- compare prices for renting cars, tickets to special events, or even a hotel
  7. Look at alternatives to a pricey hotel- camping outside, a log cabin, bed and breakfasts, a rental with a group could be cheaper possibilities
  8. If you have kids- find fun and exciting activities for them during the day
  9. Have fun at night- make sure you plan some fun date night activities for you and your partner
  10. Take lots of pictures- you want to capture special memories
  11. Consider your local environment- do you live near the beach or on a lake? Look at local relevant activities such as fishing or canoeing or sun-bathing. In the mountains you might enjoy hiking adventures
  12. Check out your local town/city website, listen to the radio, look in the newspaper for lots of unique possibilities

Financial Management Tip Day 5: Can you Spot the Missing Categories?

Financial Management Tip Day 5: Are you missing categories in your spending journal and budget? 

If we look at our spending journal in preparation for designing and implementing a budget, it is important to consider the categories of our spending. The hardest categories to include are those that do not show up every single month.

For example some spending that you might have forgotten about:

  • Do you pay your insurance monthly or yearly?
  • Do you pay your house tax monthly or yearly?
  • What about about your water bill?
  • Magazine subscriptions?
  • Birthday gifts/cards or holidays and celebrations
  • Vacations
  • Vehicle maintenance, inspection, registration, tire changeover
  • Registering children for summer camp or sports teams
  • Charity contributions
  • Household maintenance

I am a firm believer in the concept of planned spending (budgeted spending).

Any time you fail to plan in advance for spending than you end up short-changing yourself, stressing yourself and your budget out, relying on credit to fill in the gap, or not participating in certain events. So rather include these items in your budget on a weekly and monthly basis.

For example, your daughter wants to play soccer this summer. You need to save $400.00 for registration and new cleats. You get the reminder to register at the beginning of May and you have 4 weeks to find $400.00 -that is $100.00 a week which is a lot to find. What if you had 6 months to save this money? How much would you need to save every month? $67.00 a month or $16.75 a week. These numbers are much more attainable.

What if you decided to go on a family vacation next summer? You know you need money for flights, hotel, food, souvenirs, and outings/activities. You decide you need $5000.00 for this adventure. That means you need to save $417.00 a month or $104.25 a week for the entire year to save up that money.