How to Have a Fun Summer When Your Finances Fall Short

How to Have a Fun Summer When Your Finances Fall Short
People cool off on Puerto de Sagunto beach in Spain, Tuesday, Aug. 16, 2022. Summer is often a time of having fun, going on vacation and being carefree. But with inflation, layoffs and a looming recession, you may be questioning the financial impact of your summer plans or they suddenly have become out of reach. Alberto Saiz/AP
The Associated Press
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With layoffs, bank closures and inflation, financial tensions remain high for many Americans heading into the summer. In a fall 2022 survey conducted by The Harris Poll for the American Psychological Association, 83 percent of adults said inflation was a source of stress, and 56 percent said they and/or their family had to make different choices in the last month because they didn’t have enough money.
Making tough money choices is stressful, and sacrificing “wants” to afford the “needs” can be disappointing. But, if you’re questioning the financial impact of your summer plans or they have suddenly become out of reach, there are still ways to have fun, save money and put yourself in a better place for next year.

Pivot to a Positive Mindset

In the face of canceled summer plans, Rob Bertman, a family budgeting expert and certified financial planner in Missouri, suggests flipping your mindset from disappointment to opportunity. Use the moment to talk about money decisions with your partner or kids.