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Avoiding Summer Debt
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Summer is a time of year to relax, unwind, and enjoy the warm weather. People also tend to take a similarly relaxed approach to their finances this time of year.
During the summer, people tend to spend more and save less. Many are planning vacations, staycations, and day trips to make the most of the warm weather. People are also spending more on social gatherings, gardening, yard work, and renovations. For those with children, they also tend to see increased costs related to summer camps, day camps, sports, and childcare. The bottom line is that summer can be expensive.
The Summer Budget