Summer has begun! Thoughts of vivid sunsets, theme parks, days at the beach, and weekend getaways come to mind.
All these activities can affect your bank account, but remember that you don’t have to break your budget to enjoy the sun! To steer you in the right direction, here are some smart financial ways to help you save money for the rest of the season.
- Enjoy the outdoors: Enjoy nature’s bounty by taking a hike, planning a trip to the beach, or simply having a picnic at your local park. Sometimes we forget about our environment and everything it offers. Most of the national parks, beaches and local parks are free to visit for the public. Take time to kick back and relax with friends and family while enjoying those extended hours of sunlight.
- Host a potluck: Nothing says summer like a backyard barbecue or family cookout. Hosting your family and having them over for a potluck is a great way to save while making memories with good company. Not only will you save cooking time, but you’ll also have a variety of home-cooked food to enjoy once the party gets started.
- Get rid of the hotel: While hotels are obviously a popular vacation option, you may want to broaden your horizons for your next family vacation. Whether it’s driving to your local campground or using sites like Airbnb, there are plenty of options that can help you find more affordable housing and space on your next trip.
- Take advantage of summer deductions: The Child and Dependent Care Tax Credit can be applied toward summer camp expenses; however, please note that it is subject to certain restrictions. For example, to qualify for the deduction, the camp must be a day camp only and your child must be under the age of 13 at the end of the tax year.
Don’t worry about knowing these tax rules. Meet with a full-service TurboTax expert who can prepare, sign, and file your taxes, so you can be 100% sure your taxes are done correctly. Begin Full Service TurboTax Live today, in English or Spanish, and finish your taxes and forget about it.
What are your plans for the summer? Share with us the ways you are cutting costs!
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