Summer can be an expensive season, with outdoor activities, travel, and rising air conditioning bills. According to a survey by PwC, Americans planned to spend more than $2,800 on travel in the spring. To avoid summer spending creep, it’s essential to be intentional with your finances.

Track Your Expenses

Start by tracking your expenses to understand where your money is going. Distinguish between essential expenses, such as housing costs and utilities, and discretionary expenses like dining out and travel.

Even small purchases can add up quickly. Avoid the "just one more patio drink" effect, where each purchase feels small, but collectively adds thousands to your annual spending.

Plan Ahead

To combat overspending, think before you buy. Give yourself two minutes to consider whether a purchase aligns with your goals before swiping your card or booking a trip you haven’t saved for.

Consider saving a "summer fund" to cover extra costs during the high-spending season. Be realistic about your spending habits and find a flexible approach to budgeting that works for you.

Original reporting: KRDO (Colorado Springs metro) — read the source article.