Even though summer tends to be more expensive due to vacations and other activities, only 19 per cent of Canadians say that they make a point to save during the first half of the year so that they can spend more money in the summer, coupon website company RetailMeNot, said in a news release.
Additionally, more than a third (39 per cent) of respondents found it easier to stick to a budget in the winter than in the summer.
So what is it that Canadians are spending their money on during the summer months?
- 29 per cent of summer costs are spent on gas, travel and accommodations
- 26 per cent of the total summer spend is on groceries
- 21 per cent of Canadians' summer costs are spent on dinners out and entertainment
- While the remaining 24 per cent of summer costs are spent on:
- Beauty products and personal care items
- Sporting activities
Although the summer months are one of the most expensive seasons, the first half of the year can also be tough on the wallet. RetailMeNot.ca looked at the spending habits of Canadians for the past six months from January to June and found that:
- 50 per cent of Canadians have spent between $100-$500 on clothing
- 46 per cent of Canadians have spent between $100-$500 on gifts
- 47 per cent of Canadians have spent between $100-$500 on dining out
- 48 per cent of Canadians have spent between $1,000-$5,000 on groceries
- 50 per cent of Canadians have spent between $100-$500 on tickets to an event or concert