Want to have some fun in the sun, without getting burned by expensive costs? The Money Mastermind crew has you covered (*insert sunscreen pun here*). Tune in to listen to Tom, Peter, Glen, Miranda and Kyle talk about how to save on sunny vacations, summer-specific budget considerations, and generally enjoy many people’s favorite time of the year without breaking the bank. Frugal summer fun here we come!
https://moneymastermindshow.com/episode3-how-to-have-a-frugal-summer-despite-rising-costs/
Some important points made in this episode:
- According to American Express, the average American family of four will spend $4,580 on vacation travel this summer.
- 28 million families with children under 18 plan to spend hundreds of dollars on their kids this summer — adding up to more than $16.6 billion.
- The average American family expects to dole out an average of $601 per child this summer, according to data released by American Express, based on a random sample of 2,008 adults. Affluent families, with annual household incomes of more than $100,000, are dishing out double that amount — at an average of $1,116 per kid.
- Can your business help pay for your vacation?
- Do cottages and/or RVs offer a good bang for your buck? Maybe renting is the way to go?
Panelists In This Episode: