Summer: sun, rest... and spending control
24/07/2025
Summer is one of the most anticipated times of the year. Holidays, good weather and outdoor activities invite you to enjoy yourself and disconnect from the routine. However, it can also become a high spending period if not planned. Last minute getaways, meals away from home and small daily whims can be an imbalance in our finances if not managed properly.
To avoid that summer translating into a steeper September slope than usual, it is advisable to establish a specific budget for these months. Knowing in advance how much we can spend helps us make more conscious decisions and avoid impulsive purchases. In addition, it is advisable to pay attention to the so-called "ant expenses", small payments which we do not make, although they seem insignificant separately, accumulate quickly.
Another aspect that needs to be monitored is the payment method. While cards offer convenience, they can also make it difficult to control spending. In some cases, turning to cash for certain outlays can help us become more aware of how much we've spent. And, of course, it is essential to compare prices before making reservations or purchases, especially in high season, when demand shoots up costs.
Finally, be cautious with the deferred payment options. Although they may seem like an attractive solution to spread the expense, it is essential to read the conditions well and make sure that they do not involve high interest or unexpected commissions.
Enjoying summer is not at odds with maintaining healthy finances. With a little planning and attention, it is possible to make the most of this time of year without compromising our economic balance.
“Disclaimer: Please note that this is a translation of the original in Spanish that has been obtained using eTranslation (the machine translation tool provided by the European Commission), with the intention of giving you a basic idea of the content in English until a human translation becomes available. The Banco de España accepts no liability whatsoever in connection with this translation.”
