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Curing the Summer Spending Hangover

At the start of the summer, I wrote a post about our spending during those months. With the warmer weather, vacations, and more outdoor social activities we typically see a rise in spending during this season. I’ll be the first to admit that I see it reflected in my own financials.  

Don’t get me wrong, I wouldn’t trade the incredible memories I made this summer for all of the money in the world. But as school begins, the Jersey Shore is no longer in the weekend plans, and the weather begins to cool I can’t help but feel a little guilty for this extra spending. If you’re feeling a little off but not able to put a finger on it let me, give you the official diagnosis. 

It’s called a spending hangover.  

It can happen after big seasons of spending like the holidays, vacation, or those months of summer fun. It’s that little flutter of guilt or that pang you feel when opening your credit card statement. So how do we cure it? 

Earlier this week, I shared on social media that we can’t change the financial choices we made in the past. And like I mentioned before sometimes we don’t want to. Those outdoor dinners, long days at the beach, or family vacations are jam packed with memories that will last a life time. 

During expensive seasons like the one that just passed, I like to analyze my financials and use all of this data to plan for next year. This past season was research to show me how life is changing and growing in beautiful ways. And to help prepare for next summer I want to begin saving now. 

Some of you may be thrilled that the summer is over, the kids are back in school, the leaves will begin to change, and maybe you love winter activities. If this is you, your most expensive season might be coming up. I encourage you to take a look at your spending from last Fall or Winter so you can begin to prepare your finances now.  

If you want to take things a step further, you may want to consider cutting some spending in the upcoming months. However, don’t go cold turkey. I have seen so many people on social media have a crazy month of spending and say that the next month will be a “no spend month”. Welcome to the financial equivalent of yo-yo dieting. By restricting yourself too much don’t be surprised if 30-days later your spending skyrockets again. Pace yourself. Maybe instead of getting takeout three times a week, you can cut it down to one. 

Find small financial choices that you can make to help bounce back from a previously heavy spending season. These small financial choices will add up and slowly allow you to start savings for next summer or whichever season you typically spend the most in. But remember, you can’t change the choices you made only make better and more informed choice going forward.  

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