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Money can be tight during the summer. If you’re planning on taking a vacation with your family or spending more time with your kids, you may be considering a loan to start the season off right. But what about the rest of the summer? Fortunately, some beefed-up financial management and a few savings tips can help you relax while still paying off your loan and other obligations. Below are a few quick ways to cut back on spending.

4 Savings Tips for Summer

1. Review Your Budget

Before you know where you can cut corners, you need to understand where your money goes. After reviewing their bank statements for the past few months, many people are surprised at how much they spend on incidentals. Over a few months, the money you save could be enough to pay off a loan or even fund an extra weekend getaway.

2. Barbecue More Often

Outdoor barbecues are a summer tradition for many families, and cooking outside can actually save you money. Your oven and stove consume a lot of electricity and generate heat that forces your AC system to work harder.

3. Hang Your Clothes to Dry

loansClothes dryers are notoriously not the most energy-efficient appliances, so why not take advantage of the free warmth outside? Not only will hanging your laundry to dry save money, but it also leaves your clothes smelling great.

4. Replace Your Air Filters

Air conditioning accounts for nearly half of your summertime energy expenses, so making sure it runs as efficiently as possible can save a lot of money. A dirty air filter forces your equipment to work harder than necessary, so replace it before turning on the AC for the summer. Check the filter at least once per month during the cooling season, especially if you have pets.

 

If you’re facing some unexpected expenses or need funding for a major purchase, Coastal Finance Company offers loans for every situation. As Savannah, GA’s oldest and most respected loan providers, they’re dedicated to giving you the friendly service everyone deserves. Follow their Facebook for more money tips and advice. Call (912) 303-9979 or visit them online to apply for a loan today.

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