Inflation and the rise of interest rates have hit Canadians’ wallets hard—but, there are still ways to save this summer.
Saving by putting money away might seem difficult now. Yet, if we look at things from a different perspective, we can still recover a few bucks and have fun during the warmest season of the year.
We’ve put together 3 tips to help you save this summer.
Tip 1: Types of Vacations
We all have pandemic fatigue and flying somewhere might feel like the perfect solution.
But, airlines are experiencing difficulties from being short-staffed to flight delays. Enter, a staycation.
Not only can you save money by not paying for flights with a staycation, you also save yourself the headache of flight delays, waiting for baggage and countless hours being stuck at the airport.
Instead, you could stay at home and be a tourist in your own city! Imagine if a friend or family member came in from out of town, what would you show them?
Another alternative is going on day trips.
Yes, the drive might be long, but you’re sure to see things in your own backyard. What does your province have that makes it special? Do you spend a lot of time there?
You could also take the family to a hotel that has a waterpark or water slide. Sometimes just getting out of the house for a night or two is enough of a break, and easier on the wallet.
Tip 2: Types of exercises to save this summer
Riding your bike to work is a healthy, cost-effective, and environmentally friendly way to get to the office.
With the cost of gas at record-breaking highs, it is a great way to save this summer. And the added exercise doesn’t hurt!
You could also pause the gym membership or fitness subscriptions and go workout outside. This saves you money and gets you in the fresh air and sunshine.
Using any public staircases or park benches can give you as good of a workout as lifting weights at the gym.
Another alternative is to go hiking or do outdoor yoga. The possibilities are endless and sure to help you save this summer.
Tip 3: Utilities
When you think of summer, warm weather is at the top of the list. It’s no doubt so many of us go straight for the AC to cool off our home.
But instead, try closing the blinds and opening the windows. It’s amazing what a nice fresh breeze can do and how much you can save this summer by doing so.
When the sun is shining and you have laundry to do, skip the dryer! Get yourself some drying racks or a close line to put outside.
Another pro summer-laundry tip, wash everything in cold water. You’ll save money by not using as much hot water AND it’s better for the environment.
Why? Because 90% of the energy used by your washing machine goes towards heating the water (Source: Cleaning Institute).
Do you have a garden in your yard? Get a large bucket or a barrel to collect the rainwater and use that instead of the hose to water your plants, fruits and veggies. Nothing beats rainwater which has nitrates, a key nutrient for plants to thrive!
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