July Budget Expenses You’re Probably Forgetting
July is just about here – it’s next week at the time of writing!
The kids are out of school, warm weather is here to stay, and you probably even have a vacation coming soon!
Even if you don’t have kids, there are many summer only expenses that happen in July that you don’t want to miss!
Here are some expenses to put into your July budget:
High Utility Costs
With skyrocketing temperatures comes even higher utility bills for air conditioning. Unfortunately, you don’t know exactly what you bill will be until after you use the energy, so it may be a good idea to double your normal budgeted utility amount until you get the bill.
With summer comes some really awesome opportunities for family fun such as local and state fairs and carnivals. These can be so much fun – as long as you have budgeted to spend money having fun there. These can be a bit hard to budget for, but consider the following expenses associated with fairs: ride tickets and armbands, shopping at the vendor tents, food, and even pictures. It may be wise to budget for armbands for every child, a per-person budget for shopping, and then a family budget for food.
If you have kids, then chances are they’re going to want to go to a summer camp (or three) during summer break. With school letting out within the next month or two, it’s time to either put deposits down on those camps or pay them in full – registration deadlines are coming fast!
Make sure to add a line to your budget for these camps and tighten up your budget in other places, if needed, to fit the added expense into your budget.
Again, this is mostly if you have kids. Summer means lots of activities: the pool, camps, meeting up with friends, community events, etc – which means you will need to budget for extra gas. Add that to rising gas prices, and it’s incredibly important to increase your gas budget during the summer.
4th of July Weekend
Yes, I know that the 4th of July is not until July, but it’s the first weekend in July, which sometimes turns into a long weekend starting in June. Regardless, I don’t want you to be surprised by the cost of celebrating Independence Day. Save some money in June so you can have a relaxing, fun (read: no money stress) with the family.
Making a budget for the warm weather months can be challenging, I’ll admit, but it is absolutely possible to be prepared. It is important to think through all aspects of these months so that you can enjoy them guilt-free and debt-free!
What other expenses might you be missing from your July budget?
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