During the month of August, it’s easy to overspend on summertime activities. However, just because it’s summer break, you can’t take a break from your budget. According to a survey by Chartered Professional Accountants Canada, 56% of Canadians plan to spend more this summer compared to last – meaning now more than ever is a great time to re-evaluate your income and expenses and adjust your budget to reflect any additional summer expenses. If your August budget is tight on excess cash, take advantage of free activities and events in your community instead of relying on credit to fund expensive activities.
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