Believe it or not, Memorial Day has become one of the biggest money-spending days of the year. While the majority of us won’t have to go into work on Monday, retail employees will be working their posts as usual, ready to welcome the stampede of shoppers looking for Memorial Day bargains. Meanwhile, holiday travelers are expected to spend more than even on their Memorial Day getaways.
Back in 2016, the US Travel Association expected travelers to spend upwards of $12 billion on gas, airfare, dining out and hotel stays. How do you plan on celebrating your 3-day weekend? If a cash advance is what’s keeping you afloat, you should probably tread lightly. That being said, there are plenty of ways to celebrate Memorial Day on the cheap:
What better way to enjoy Memorial Day than with family? You don’t have to spend money on a weekend getaway or a shopping spree at a big “savings” event. Since this is a special day set aside to remember those who fought and died for our country, let’s honor them by exercising the very freedoms they defended by spending time with family and friends. A backyard barbecue is an affordable and fun way to spend the day.
They best way to have fun while keeping your finances in check is to have a budget in place well ahead of time. If you want to splurge this Memorial Day, why not set up a Memorial Day budget? Determine the amount you can spend, and pledge to not exceed that total. This way, you can make the most of your Monday off from work without leaving yourself broke until next payday in the process.
A staycation can mean a variety of things to different people, but mostly it refers to having a vacation at home with no traveling required. Feel free to kick it at the house without letting errands, chores or bills get in the way of your relaxation. We all could use a break from everything every once in a while, and a staycation is a great way to unwind without blowing your budget on an expensive getaway.
You don’t have to spend loads of money to enjoy your time off. Rather than leaving the house to join the masses in the Memorial Day frenzy, it pays to step back and see what fun could be had at home. But if you’re feeling a bit stir crazy, you could always find some affordable or free activities to enjoy outside the house, including art fairs, festivals, concerts, parades, etc. With a little online research, you should be able to find some affordable options taking place in your area.
In anticipation of Memorial Day, plan ahead and make up a list of all the ways you could spend your 3-day weekend without going over budget. By applying this simple and effective strategy to every holiday, you’ll be surprised how easy staying on budget can be.