Summer is one of the most expensive times of year. Most Canadians plan to spend over $3000 on vacation alone. Include higher prices on fuel and food, and it’s easy to come out of the season with debt. This year, we want to take a more thoughtful approach to summer spending, and that’s why Travis and Derrick have asked Dan Adair to return to WealthBeing for a conversation about having a fun – yet frugal – few months. 

1:45–Money Problem:Derrick’s client had big dreams – but a small budget - for his summer recreation project. Was it worth some debt or was there a better solution? 

3:00– Expert Examination:Travis, Derrickand Dan discuss the spending traps to be aware of during the summer and the best strategies to play now without paying later:  

• Why “summer spending” deserves special consideration in your budget. 
• How your spending is influenced by the weather and work patterns. 
• Avoiding end-of-season debt. 
• Purchases that add up in the summer. 
• Ways to have it all – a fun and memory-making summer without digging into savings or credit. 
• Not travelling this year?Options to use those savings instead. 

23:00–Weekly Financial Fix:Travis challenges you to save your money for fun by getting your hands dirty. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.