Three strategies to keep your budget in check over the summer holidays [Yahoo! Finance Canada]
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: Yahoo! Finance Canada
The summer months are when Canadians hit the patios with friends and take that long-awaited road trip. But while warmer weather can lend itself to some fun activities, those can be costly. A recent survey from online cash-back platform Rakuten found 73 per cent of Canadians intend to travel this year, with 68 per cent of respondents planning to take steps to cut costs. Meanwhile, data from Statista suggest Canadians spent nearly $8 billion in restaurants and bars in July 2022, the most since at least 2017. With all that spending, Saijal Patel, a financial wellness expert, founder and CEO of Saij Elle, believes Canadians can save a few dollars if they plan and budget for this spending year-round. ADVERTISEMENT “The fundamental rule is planning," Patel said in an interview with Yahoo Finance Canada . "Create a plan and within that plan, have a budget. If you can do those things, you won't go wrong," “Having a budget means you're assessing your financial situation and you can
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