Summer may be a lot of fun in the sun, but are you keeping an eye on your wallet while you’re out and about?
A recent survey from online savings site RetailMeNot.ca says almost half of Canadians (41 per cent) spend more money in the summer than in other seasons. 1,521 randomly selected adults were surveyed online between June 8 and 10, 2018 by marketing company Maru/Blue.
Despite summer being more expensive due to vacations and other activities, only 19 per cent of Canadians say they try to save during the first half of the year. Canadians also have a tough time budgeting in the summer, as only 22 per cent are using money they make in the summer to sustain their spending for the rest of the year.
Most money is spent on vacation-related items
The survey found that the highest percentage of summer spending was on gas, travel, and accommodations (29 per cent).
Other summer spending broke down as follows:
- 26 per cent on groceries
- 21 per cent on dinners out and entertainment
- 24 per cent on:
- Beauty products and personal care items
- Sporting activities
That said, the survey also found that even if money is tighter in the summer, only 31 per cent of Canadians worry that they won’t be able to afford everything they need come the summertime. And only 23 per cent of Canadians feel like their spending gets out of control in the summer compared to the rest of the year.
RetailMeNot.ca, being a discount shopping site, recommends Canadians keep an eye out for coupons and other savings when doing their shopping at any time of year.