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4 Financial Tips to Start the Summer off Right

by on June 20, 2012

By Samantha Savory

Today is the official first day of summer when the sun is farthest north also known as the decline of the sun on the summer solstice.  Now that summer if officially here, what plans do you have? Do you want to take a summer vacation? Work on your tan? Lose a few pounds? Here are five financial tips to help you achieve all of those goals and more while staying under budget and on the right financial foot:

1. Take power over your budget – Plan smarter and easier with the help of PowerWallet. Set utility bill limits, saving plans for your summer vacation, and even track how much you spend on summer clothes and activities with PowerWallet.com.  You can access PowerWallet from any Smartphone, tablet or desktop computer and our mobile site functions just like an application! It’s completely FREE to sign up and not only can it help you live within your means, you can earn as you plan and save more with our PowerSavers!

2. Take advantage of the weather – Rather than spending money at a tanning salon or working out indoors in a gym, take advantage of the sunny days that the summer has to offer.  This can help you save money and get the most of the sunny weather! Also reduce your electricity bill by cooking outside rather than on your stove top or oven.

3. Get a summer wardrobe for less – Do you need new flip flops or shorts to make it through the summer days of 90+ degree weather? Remember to shop in moderation and before you even go shopping at your local mall, check out our PowerSaver deals and customized coupons! You can eliminate up to 25% of your expenses from your monthly budget by taking advantage of our awesome PowerSaver deals within PowerWallet.

4. Monitor your air conditioner – Constantly blasting the air conditioning during the summer can increase your electricity bill by up to 50 percent, so it’s important to know how to prevent an unnecessary spike in utility costs.  Look into planting tall trees around your house to offer shade for the home so it doesn’t get as hot as fast.  Also, remember to change your air filters regularly and turn the AC off when you are not using it.  Some people may have the urge to put their thermostat on 70, but we insist that you don’t! Instead, wear less clothing, drink water constantly and put the thermostat at a reasonable pace, like 78 degrees. It will save you a ton of money when you get your next electric bill.

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