July is here, and with it comes sunshine (hopefully!), school holidays, and plenty of opportunities to make memories. But as the fun ramps up, so can your spending.
Here’s what to keep on your radar when planning your July budget.
Wimbledon & Summer Sport
Whether you’re a tennis fanatic or just there for the strawberries and cream, Wimbledon fever can tempt us into extra spending, be it on snacks, drinks, or hosting a get-together.
Budget tip:
- If you’re planning to watch with friends or family, set a small food and drink budget in advance. A ‘bring-your-own spread’ can keep costs down while still serving up a smashing time.
July Birthdays
July is a popular birthday month, and whether it’s the kids’ friends, family members, or even your own celebration, gifts and parties can quickly chip away at your budget.
Budget tip:
- Set a gift budget and stick to it. Thoughtful doesn’t have to mean expensive, handmade presents; photo books, or experience gifts (like a picnic or a day out) are great, low-cost options.
Summer Holidays Begin
Schools break up in July, which often means extra childcare costs, days out, and snack-filled cupboards.
Budget tip:
- Look into free or low-cost activities like park days, library events, and DIY crafts at home. Creating a weekly plan of activities can help avoid last-minute (and often pricier) outings.
- Read our latest blog for the best summer budgeting tips for parents.
Energy Use in Warm Weather
Fans, extra laundry, and more people at home during the day can nudge your energy bills up during July.
Budget tip:
- Use fans only when needed, wash clothes in cooler cycles, and dry laundry outside to keep the bills from overheating.
BBQs, Festivals & Days Out
Summer invites social plans galore – think barbecues, day trips, and outdoor events. All fun, but all potentially pricey.
Budget tip:
- Set a “summer fun” allowance in your budget. Say yes to what fits, and don’t be afraid to suggest more affordable alternatives like garden picnics or local events.
Summer Essentials
From SPF to flip-flops, July often comes with last-minute buys for holidays or hot weather.
Budget tip:
- Stock up during sales (summer items are usually reduced during the winter months!), or shop own-brand. You can also team up with other families to bulk-buy essentials and split the cost.
Start Thinking About Back-to-School Costs
It might seem early, but planning now can ease the September squeeze. Uniforms, stationery, and shoes add up fast.
Budget tip:
- Grab offers as they appear and spread costs over the next couple of months. A little now saves a lot later.
Planning Ahead Pays Off
July is the perfect time to give your budget a seasonal refresh. By thinking ahead and making small adjustments, you can stay on top of spending and head into summer with less stress and more control.
If you’re feeling overwhelmed or your budget isn’t stretching as far as it used to, we’re here to help. At Angel Advance, we’re proud to have helped over 48,000 people discover the right debt solution for their unique situations, including Debt Management Plans (DMPs), Individual Voluntary Arrangements (IVAs), Debt Relief Orders (DROs), Partial Settlements and Bankruptcy. We also offer Debt Solutions for Scottish Residents. Our expert debt advice is free, confidential, and just a click away.
