Advertising
Advertising

20 Amazing Budget Summer Activities

20 Amazing Budget Summer Activities

Summer is here for many of us on this side of the planet. Unfortunately, the inevitable truth is that while Summer has arrived, money is about to leave. It doesn’t have to be that way though. Even if you’re frugal and aim for low budget summer activities, you can still have lots of fun. Often, these cheaper activities turn out to be more fun and interactive than an expensive vacation.

Whether you’re a student, parent, or looking for budget activities to do with your friends over the Summer, you’ll find something you’ll enjoy on this list of things you can do without emptying the bank account for Autumn.

1. Play mini golf

Most large cities in North America have miniature golf courses. The best part is that they’re usually much cheaper than going to the professional courses, where you might not have as much fun — unless you’re a keen golfer.

2. Go Swimming

Go to your local swimming baths and take a dive. This also has obvious health benefits, as you’ll be getting some exercise too. If you don’t have swimming pools then be adventurous and go swimming in a lake, reservoir, or in the sea — just make sure it’s safe to do so first.

Advertising

3. Climb a hill

Hills are smaller than mountains but big enough to still be a good day out. Whether you’re going with friends or family, it’s good to take in nature every once in a while, especially if you live in urban areas.

4. Climb a mountain

If you’re looking for something more adventurous that hill climbing, then go climb a mountain. If you’re planning on climbing a mountain then make sure you look up good routes and take the correct safety precautions. The mountain doesn’t have to be Everest, you can always go to your nearest one.

5. Go fruit picking

Different fruits have different seasons in the different parts of the world. Take a look at what’s available in your local area. For example, you could go strawberry picking. You usually buy a box and you can fill it with as much as you like. If you’re sneaky, you can also cram some strawberries in your mouth as you go around.

6. Cycle somewhere

If you have a bike, try cycling to somewhere different, and take your friends or family with you. If you don’t all have bicycles then you can rent them. It’s usually very cheap to do so, especially if you live in Europe.

Advertising

7. Visit a castle

In many places, castles actually charge you for entry. However, if you search the internet, you’ll be able to find ones with either cheap entry or free entry. Castles can be especially good if you have children (or big kids at heart) who love role-playing games. Many larger castles often do shows and events too, so keep an eye out for them.

8. Go to car-boot sale

In England, this is where we all go with our cars and sell things that we don’t want from our boots (trunks). They’re usually held in fields or car parking lots. If you’re on a budget this will hopefully help you increase your budget — while having a fun day bartering with passers-by.

9. Make ice lollies

You can purchase ice lolly moulds for really cheap from places like Amazon.com or your local supermarkets. They tend to last a long time too. All you need on top of these is a liquid to freeze. This can be fruit juice, squash (cordial), or any sort of flavoured drink. Try to get the bendy silicone moulds, as the plastic ones tend to break and the ice never comes out at easily.

10. Host a BBQ

Provided you (or someone you know) has a barbecue, you can host a BBQ party. Obviously, it will be expensive if you provide all the food and drinks, so you should make it compulsory for everyone to bring an item of food. This is great because people will also bring food they want to eat so you won’t have to feel bad when you forget to cater for the vegetarians.

Advertising

11. Sunbathe

This is the time of the year when the sun is out, so catch some rays. It doesn’t cost a thing and if you already waste money on sunbeds, here’s a chance for you to save some money and get some healthier rays.

12. Orgami

Paper is super cheap to buy, especially if you buy a whole book of printer paper. There’s a massive amount of resources online showing you how to make different animals and origami stuff. If you’ve got younger siblings or children, then you’ll entertain them for hours with this, while teaching them something new at the same time.

13. Start a garden

You’ve still got time to grow flowers and plants in your garden. Seeds don’t tend to cost that much, so go get some and plant them. If you’re really naughty, you could dig up a plant from somewhere and plant it in your garden — however, this is illegal.

14. Go for a picnic

A picnic is a great budget activity for friends and family. It can also work out as a cute date for you and a loved one too. Make your own food to take with you so that you can keep the expenditure low.

Advertising

15. Go camping

If you (or someone you know) own a tent or camper van, then go camping. Take your family and friends with you. You could always take a loved one and plan a night under the stars.

16. Take a younger sibling to the park

If you’re old enough to be trusted, take a younger family member to the park. Even if it’s just a walk, younger people are full of energy and will entertain themselves while entertaining you at the same time. This will also keep you in your family’s good books too!

17. Go to a summer fete

There are summer fetes and “festivals” popping up all over the place during the summer. Fetes are great places to get hold of local specialties and see more of your local “culture”. You can also often pick up things fairly cheap from summer fetes.

18. Visit a museum

Many museums offer free entry and regularly have new exhibitions on during the summer. Whether it’s local history or general history, they’re great places to keep up with what’s already happened.

19. Visit an art gallery

Similar to museums, art galleries also often offer free entry. They tend to have more new exhibitions hosted than museums, some of which push boundaries that you may never have imagined. This will often help heighten more senses than you thought.

20. Have a film marathon

We’ve all got a DVD collection tucked away somewhere  and even if you don’t, the internet is at your disposal if you want to watch every single Harry Potter or Lord of The Rings film over the course of a day!

More by this author

Josh miller

Founder TrueMiller.com, Josh Miller Enterprises

How To Make Money With CPA: Content Locking How To Use Instagram on a Windows 10 Computer 13 Ways To Make WordPress Load Faster Budget Summer Activities 20 Amazing Budget Summer Activities Success 8 Basic Skills All Successful People Have

Trending in Money

1 How to Invest for Retirement (The Smart and Stress-Free Way) 2 How to Nix Your Credit Card Debt in Less Than 3 Years 3 Top 5 Spending Tracker Apps to Manage Your Budget Smart in 2019 4 How to Use Credit Cards While Staying Out of Debt 5 How to Use Debt Snowball to Get out from a Financial Avalanche

Read Next

Advertising
Advertising
Advertising

Published on May 7, 2019

How to Invest for Retirement (The Smart and Stress-Free Way)

How to Invest for Retirement (The Smart and Stress-Free Way)

When it comes to stocks, I bet you feel like you have no idea what you’re doing.

Everyone who’s not a financial expert has been there. I’ve been there. But, time is passing and you need to be crystal clear with how you’re investing for your retirement.

Otherwise, it’s back to work until you can afford not to. So, how can you invest for retirement when you’re not a financial expert?

You take the time to learn the fundamentals well. If you do, you can grow your wealth and retire happy. The best part is that you don’t need to be a financial expert to make smart investment decisions.

Here’s how to invest for retirement the smart and stress-free way:

1. Know Clearly Why You Invest

Odds are you already know why should invest for retirement.

But, maybe you know the wrong reasons. It’s time you get clear on why you’d like to retire. Here are some questions to help you get started:

  • Will you spend more time with your family?
  • What does retirement mean to you?
  • Are you looking to launch that business you’ve been holding off for years?

Everyone wants to retire but not for the same reasons. Once you’re clear for why retirement is important for you, you’ll focus on making it happen.

Investing in the stock market allows you to take advantage of compound interest.[1] All this means is that your money earns money on top of its interest. A reason why investment in the stock market is one of the best ways to plan for retirement.

2. Figure out When to Invest

“The best time to plant a tree was 20 years ago. The second best time is now.”– Chinese Proverb

It’s true if you’d had started investing when you were 10 years old, you’d have a lot more money than you do today.

The reality is that most people don’t start investing until it’s too late. So, if you’re currently waiting for the perfect time to start an investment, it would be today. Open your calendar and block out 2 to 3 hours to choose how you’ll invest for retirement.

Advertising

A quick way to get a snapshot of where you stand is to use Personal Capital. Input all your personal information and spend some time setting your retirement goals. Once completed, you’ll know where you stand with your retirement.

Having a savings account for retirement isn’t planning for retirement. Why? Your money loses value when you factor in US inflation.[2]

3. Evaluate Your Risk Tolerance to Create the Perfect Portfolio

Investing your money well depends on your emotions.

Why?

Because when the market drops most people panic and withdraw their money. On average, the US stock market yields an annual 6% to 7% ROI (return on your investment.) But, this won’t happen if you’re worried about short-term loses.

Before you invest your next dollar, know your risk tolerance.[3] Your risk tolerance determines the number of risky and safe investments you’d have.

Regardless of your investing style, you need to view investing for retirement as a long term game. Know that some years you’ll lose money but recoup this in the long-term.

Avoid watching market-related new. Also, create a double authentication to log in your investment account. This way you’re less likely to withdraw your money.

4. Open a Reliable Retirement Account

Depending on your circumstance, you may need to open a new brokerage account. This is the account is where you’ll invest your money.

If you’re currently working for a company, odds are that they offer a 410K investing account. If so, here’s where you’ll invest most of your money. The only problem with this is that you’re limited to the stock options that are available.

You do have the option to open a separate IRA (individual retirement account.) Here are some of the best brokers:

  1. Vanguard
  2. TD Ameritrade
  3. Charles Schwab

5. Challenge Yourself to Invest Consistently

Committing to invest for retirement is hard, but continuing to do so is harder.

Advertising

Once you’ve started investment for your retirement, you run at risk from stopping. Often you’ll want to contribute less, so you’d have more money in your pocket.

That’s why it’s important that you create a budget that allows you to invest each month. If you’re working for a company, you can set a percentage for the amount you’d like to contribute each month. Most people by default contribute 1% but aim to contribute 10% to 15%.

Be the judge for how much you can afford to contribute after covering important expenses. To stay motivated, use Personal Capital to view your net worth.

A benefit to contributing money to your retirement account is not taxed. For example, if you earn $100 and invest 10%, you’d contribute $10, then get taxed on the remaining $90. As of 2019, the most you’re able to contribute towards your 401K is 19K but this can change.

6. Consider Where to Invest Your Money

The most common way to invest your money is in stocks, but it’s not the only way. Here are other ways to invest:

Robo Advisors

Robo-advisors[4] are fancy algorithms that’ll choose the best investments for you. Sites like Wealthfront make it easy for first-time investors to invest their money. You’d input information about yourself and set your risk tolerance.

Then, set your monthly contribution amount and your robo-advisor would do the rest. Robo-advisors charge a fee to manage your money, but less than regular advisors.

Bonds

Think of bonds as “IOUs” to whomever you buy them from.

Essentially, you’re lending money and charging interest. Like stocks, not all bonds are equal. Some will be riskier than others depending on their rating.

Here are the different types of bond categories:[5]

  1. Treasury bonds
  2. Government bonds
  3. Corporate bonds
  4. Foreign bonds
  5. Mortgage-backed bonds
  6. Municipal bonds

Mutual Funds

Picture a group of people dumping all their money in a jar that’s managed by a professional. This is how mutual funds work. The fund manager manages the money looking to earn capital gains (interest.)

One of the best types of mutual funds is index funds. Since these funds don’t try to beat the market and instead follow it, they need less research. Because of this they often charge the lowest fees and yield the best long-term results.

Advertising

Real Estate

Yes, buying a home is an investment when done correctly.

Imagine buying a home and using it as a rental property. After repairing it, you receive a monthly surplus check of $100 to $200.

This may not sound like a lot, but repeat this process enough times and you’d earn a large amount of passive income. That’s why real estate is one of the best investments to not only retire but become wealthy.

But, it requires a lot of money to start and you should expect losing money along the way as you learn the process.

Savings Accounts

Your money can still grow in a savings account. Nowadays most online banks offer a 2% annual return. Although the average inflation is higher your money will be available when you need it.

7. Master Disincline to Dodge Short Success

Investing for retirement is a long-term strategy. That’s why you need to master delayed gratification. All this means is delaying short-term pleasure for something bigger in the future. Research shows that those who have delayed gratification are more successful.[6]

So how can you master delayed gratification?

By building your discipline.

Think back to what retirement means to you. A clear purpose will help you avoid withdrawing your money during a market downturn. It’ll help you contribute more towards retirement when you’d want to waste it instead.

Your journey towards retirement will be long, so reward yourself along the way. Choose a reward that’s relevant and meaningful, so that you reinforce positive behavior. For example, after contributing more towards retirement, treat yourself to dinner.

8. Aggressively Invest on This One Investment

I’ve mentioned several types of investments but haven’t covered the most important one.

It sounds cliche but here’s why you’re your best investment towards retirement. The more you know, the more money you’ll be able to make. The more good habits you adopt, the more secure your retirement will be.

Advertising

More importantly, investing in yourself is an investment that no one can take away. There’s no market downturn nor tragic circumstance that’ll wipe your knowledge and experience.

But, how can you invest yourself?

Reading books, blogs, and anything that’ll help you learn new topics daily. Listen to podcasts and audiobooks on your commute to/from work.

Save money to buy courses and hire coaches. I used to believe hiring coaches was a waste of money when I could learn the subject alone.

But, coaches see your blind spots and hold you accountable. Hiring the right coach will help you achieve your goals faster than you would’ve alone.

Retire Happy with Excess Money

The key to a secure financial future doesn’t only belong to financial experts.

It’s possible for you and I. What if you were able to retire earlier than most people and weren’t a financial planner? What if you were able to focus on what you enjoy doing the most while your money was working hard for you?

I know this sounds impossible now, but the truth is you’re capable of taking charge of your retirement. I’m not a financial expert but I’ve learned how to invest my money by reading books and learning from others.

Investing your money is scary. So start small and invest a small amount of your money with a robo-advisor. Feel your money drop and rise for a month or two. Then, invest more and keep this up until you’re aggressively saving for retirement.

One day, you’ll wake up with a net worth you’re proud of – confident about your retirement. You now know a few strategies you can use to invest in your retirement. Will you take action to retire happy?

More Articles About Making Wise Investment

Featured photo credit: Matthew Bennett via unsplash.com

Reference

Read Next