Money Saving Tips For Summer

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This Summer we all want to have the best time possible, I think we can agree we all deserve it. But why break the bank along the way? Many people are taking out a payday loan for there activities and hobbies this Summer season, but this isn’t always 100% necessary. Here are some of the best tips, so you can save money this Summer.

Turn Off The Heating 

This is a refreshingly natural habit to adopt. Day and night, allow the cool air to cool the house down in the evening so the warmth Summer sun can heat it back up in the daytime. You can also put fans in the windows to help pull in the cooler air. Just make sure that you close the windows again in the morning before it heats back up. This can save you on electricity costs by not running your air conditioning as much when it’s warm.

Buy Snack For Your Day Out Before You Leave

Whether it is the park for a picnic, the cinema, or the beach, we all know that local shops, especially in tourist saturated destinations, will always charge higher. Beat them to it by bringing your own, so you can eat your home prepped sandwiches with a smiled, knowing that you’ve beat the system and made some top savings along the way. 

Exercise Outdoors

You don’t need to pay for the gym, especially if you pay-as-you-go with the whether as good as it is. In the Summer, the whole world is your gym, so go and explore the great outdoors without having to fork out.

Go to a local event instead of a movie

Check your local Facebook page or newsletter and see what’s on in your area. You don’t have to pay for a top quality day out, so why not enjoy the better things in life that are free?

Wash your clothes in cold water

This may seem like somewhat of a blast from a past, but bear with us If it’s an exceptionally hot day, this one is an absolute no-brainer and you’ll thank us later. About 75% of the energy you use doing a load of laundry comes from heating the water. This is not an unhygienic measure and you will get the absolute same result. Your clothes can still get clean even without using hot water. If saving money isn’t enough incentive, cold water also helps your clothes last longer by not putting the same strain on them that warm water does.

Cook outside

BBQ season is here, and who knew it could help you save on energy? Grill to you hearts’ delight, there are even some wild recipes out there you would never have thought of. Cooking pizza on the grill for instance. If you don’t have a grill, local shops nearly always have some type of countertop grill or disposable BBQ you can also cook with outside.

What to do with your Money Instead of Putting it into Savings


Throughout the coronavirus crisis, central banks throughout Europe have sought to underpin their quantitative easing measures with historically low base interest rates. 

So, while savings rates are gradually creeping up from their all-time lows recorded last year, most accounts continue to offer a paltry average of 0.85% across the board.

With this in mind, you may want to consider seeking out alternatives to traditional savings accounts, especially if you’re in the market for a superior return on investment. Here are some options to keep in mind: 

  1. Stocks and Index Trading

The stock market offers a viable and potentially reliable return on your accrued savings, and one that strikes the optimal balance between risk and reward.

The traditional market sees you invest in individual stocks and company shares, requiring you to assume ownership of the underlying asset and retain this as a secure store of wealth.

In some respects, however, indices trading is a more reliable strategy. The reason for this is simple; as it enables you to invest in a broader and more diverse of options that minimises your exposure and distributes your risk more evenly. 

You can even target blue-chip indexes such as the FTSE 100 or the DAX30 in Germany, affording you access to multiple, large-cap equities that can deliver incremental dividends over time.

  1. Forex Trading

Another option is forex trading, although it’s important to note that this is a considerably more volatile marketplace that affords you access to inflated leverage.

It’s also a more flexible asset class, as international currencies can be traded as derivatives in a way that allows for large scale speculation. This way, you can profit even as the market and individual assets depreciate in value, with this offering significant appeal and potentially larger, margin-based returns.

However, while having access to leverage of up to 100:1 allows you to open up disproportionately large positions that offer optimised returns, there’s also the potential to lose more than you may be able to afford.

So, this option is only really ideal if you have a healthy appetite for risk, while it’s also suitable for those of you with large amounts of income to invest.

  1. Set Up Your Own Business

This is another increasingly popular option, and one that can provide those of you with an entrepreneurial bent the opportunity to shape their own professional destiny.

This applies to everything from your working schedule to wealth and the accomplishment of long-term financial goals, while becoming a business-owner also allows you to scale your efforts and build a potentially life-changing entity.

However, you should note that this will require significant energy and passion, while you’ll ideally boast genuine commercial acumen and a solid foundation of expertise.

Also, you will be required to cover startup costs and secure funding for your business, so your ambitions will need to be tailored to suit your capital holding and real-time circumstances.