Jump to content


  • Sitaara Jones

    Sitaara Jones is a Chicago native and enjoys working from home as a mom of two and wife. A former third-grade teacher, Sitaara enjoys making the lives of teachers and students healthier through movement and also works as a fitness instructor.



    Sitaara Jones

    Sitaara Jones is a Chicago native and enjoys working from home as a mom of two and wife. A former third-grade teacher, Sitaara enjoys making the lives of teachers and students healthier through movement and also works as a fitness instructor.

    How to budget now for summer family expenses

    Sign in to follow this  
    Suggestions to jumpstart your budgeting goals and handle summer finances with ease.

     

    “10...9...8...7...6...5...4...3...2...1...Happy New Year!” If this year’s New Year’s Eve countdown reminded you of your bank account balance, it’s time for a change.

    Now that the first half of the year is over and the holidays are behind us, it’s time to begin planning ahead for summer. Believe it or not, summer will be here before we know it with all of its expenses in tow: summer camp, family vacation, sports...(insert money flying away emoji). Keep reading for suggestions to jumpstart your budgeting goals and handle summer finances with ease.

    Set a goal. Write it down. Celebrate. Repeat.
    Begin by sorting your spring and summer expenses in two lists: a “must-do” list and a “can-do” list. Fill your “must-do” list with all of the expenses that have to happen. Think essentials like summer camp, sports teams, school registration fees for next year, etc. Total up those costs and round that number to the nearest hundredth (wiggle room is vital). Divide that total by the number of months remaining until spring, write it down and post it somewhere you can see it daily. When you reach your monthly goal, celebrate the cost-effective way: Have a movie night in or cook something special as a family. Repeat. Do the same for your “can-do” list, but always prioritize your “must-do” list.

    Pay yourself! There’s an app for that.
    You’ve set some sort of New Year's resolution, right? Reward yourself for sticking to your goals (or punish yourself when you don’t) with an app that auto-saves for you. There are a few apps that automate your savings, but my favorite is IFTT (If This, Then That), which works by creating “recipes” that trigger certain effects. For example, in a few finger-taps, you can set up a $2 transfer from your checking account into your savings account each time you check in at your gym. I use IFTT with Qapital, another saving app that makes saving easy and fun. Get your significant other to join in and save with you to speed up the goal-achieving process.

    Budgeting is a team sport
    Involve your family. Teach responsibility, introduce chores, and model saving and budgeting by turning household chores or everyday tasks into a chance to save money. Instead of paying your child, apply their earned allowance towards their personal expenses. These tasks don’t have to be huge — maybe a dollar for each day your kiddo completes three tasks that they normally struggle with, like making their bed, completing all of their homework and feeding the dog. Keep track of how much money they earn each week, then apply it towards your family budget. Your child will feel great knowing that their efforts helped contribute! #teamworkmakesthedreamwork

    Don’t worry if budgeting doesn’t come naturally at first. Take baby steps and set realistic goals, but don’t be afraid to challenge yourself. Dave Ramsey said it best: “A budget is telling your money where to go instead of wondering where it went.”

    Related articles: 
    Kid birthday party etiquette—for parents
    9 questions parents should be asking schools
    5 family-friendly Midwest vacation spots you can drive to

    Sign in to follow this  

    More related articles

    Family neighborhood guide to Old Irving Park

    Who needs the suburbs when there's family-friendly Old Irving Park?

    Family neighborhood guide to Buena Park

    What started as a this-looks-good-on-paper purchase turned out to be a great decision for us.

    Family-friendly summer bike rides in Chicago

    Take your kids on a bike ride at these bike-friendly parks and trails in Chicago.

    Family neighborhood guide to Sauganash

    Our family has absolutely fallen in love with Sauganash for so many reasons. Here are just a few.



  • Join NPN!
    Become a part of our Chicago parenting community. Learn about member benefits and start connecting to other city parents today!

Privacy Policy Membership Terms

© 2021 Neighborhood Parents Network of Chicago

×
×
  • Create New...

Important Information

Thank you for visiting our site. Browsing this site is an acceptance of our We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. and Terms of Use.