By Tim Lemke…
If you live in a colder part of the country, you probably can’t wait for this winter to end. The New York City area, for example, has experienced its second-coldest February in history. But before the warmer months hit, it’s important to understand how the change in seasons will impact your finances. While winter brings its own financial burdens, spring and summer can empty your pocketbook, as well.
Here’s how to stay within your budget as the temperatures warm up.
1. Go Green With Transportation
You’ll probably drive more when it gets warmer, and may even take long road trips. You can expect gas prices to rise as demand increases and fuel companies switch from winter to summer fuel blends. Gas prices will remain low by recent standards, but it might help to consider walking or biking to work, or using public transit.
2. Register Early for Summer Camp
Summer can be a challenge for working parents, as the kids are out of school and need someone to look after them during the day.This means that many families explore summer camps and other activities. A week of summer camp will set you back an average of $304, according to the American Camp Association, with some for-profit camps costing more than $500 weekly. It helps to register in the winter to take advantage of early bird registration deals, and you may get a discount by signing up for multiple weeks at the same location. There may also be discounts for families with multiple children at the same camp.
3. Start Saving for New Family Additions
If you or your partner are not pregnant already, you can probably disregard this one. But statistics show that more children are born during the spring and summer months than other times of the year. The Centers for Disease Control and Prevention report that August is the top month for new babies. New arrivals aren’t cheap, and you can definitely expect to spend some money in the months leading up to the delivery. Now is the time to start banking as much cash as you can.
4. Travel Within Your Means
With an improving economy, the American Automobile Association expects more people to take trips this summer. According to American Express, an average vacation will set you back $1,145 per person, or $4,580 for a family of four. The good news is that gas prices are lower than in years past, and a strong dollar means that it’s cheaper to travel overseas.
5. Budget Home Expenses
When it’s cold and snowy outside, there’s no lawn to mow (and you’re probably postponing the construction of that backyard patio until the thaw). Warmer weather is when you whip out the lawnmower and make the call to that contractor. It’s also when you might make any repairs necessitated by the snow, ice, and wind of winter. Various sources suggest that a homeowner will spend about 1% of their home’s value on maintenance each year. Much of this …read more
Read more here: 10 Surprising Ways Spring Is Gonna Cost You