Summer fun doesn’t have to break the bank. Instead, we’re breaking down three practical tips to enjoy the warmer months without going into unnecessary debt.


Summertime is synonymous with sunshine, vacations, and generally enjoying the great outdoors. However, your bank account can sometimes take a hit in the process. Being smart about your money doesn’t always have to be difficult; below are a few of the many ways you can plan for a debt free summer.


Stick to a Budget

This one may seem like a no-brainer, but it can really make a huge difference. Creating a budget and sticking to it will help you save for those extra “fun” expenses, like a last-minute trip to your favorite out-of-town destination or tickets to that sporting event you’ve been dying to attend.

Consider opening  savings accounts for different purposes. Try depositing small amounts into a “summer” account throughout the year so when the sun finally decides to make its reappearance you aren’t left scrounging for money to enjoy it.


Free or Low-Cost Events

A lot of areas capitalize on the nice weather during summer months to host free or low-cost events for their residents. Take advantage of events like free fitness classes in the park, or a low-cost concert series. For the family-oriented, many businesses also offer discounts or entirely free entry for children under certain ages.

An easy way to learn about these events is to follow your local tourism hubs and resources on social media; they’ll be promoting them heavily throughout the course of the summer (and most likely beyond!).


Use Credit Card Perks/Benefits to Your Advantage

Get to know the perks and benefits of your credit and debit cards this summer and use them in your favor. From cash back on dining to discounts on air fare and other vacation-related expenses – there are a range of options out there to ensure you’re spending your money the smart way.

Yet while credit cards can save you on vacations and travel this summer, it’s important to be mindful of your spending to ensure you don’t get in over your head with card balances.


Learn more about how Lake Shore Savings can help you prepare your finances for a summer full of fun.

We offer a range of personal banking services, right at your local branch. Whether you are looking to open an additional savings account or simply interested in direct deposit services to automate savings for you, we’re here to help. Our debit and credit cards come with various perks including free online and mobile banking, I $ave savings, and more. It’s not too late – visit our website to start planning for that dream (and debt-free) summer now!