7 Things to Plan for in May
May is full of picnics, celebrations and lazy days on the back porch. It’s absolutely awesome. But with so much fun going on this month, it’s easy to get overexcited and spend too much.
Keep spring fever in check by remembering to make your budget before May gets here. To give you a head start, we’ve listed seven spring expenses to keep in mind:
1. Mother's Day. Moms work hard year round—it’s about time they had a day off! Ask them how they want to celebrate Mother’s Day then add some special touches all your own to surprise them. For example, plan a weekend full of their favorite things, like a trip to the bookstore to grab a new read, a family hike along their favorite trail, or a strategic walk past the bakery for a sweet treat. Just be sure to budget for everything before you buy.
2. Memorial Day. If your family or friends are having a backyard bash or inaugurating the neighborhood pool, go ahead and decide who’s bringing what. The more you can divvy up the cost, the more you can enjoy your long weekend without the hassle of overextending your financial hospitality.
3. Gardening. Now that the danger of frost is officially over, you can finally plant those petunias, geraniums and impatients. And if your green thumb is really bright, you’re probably itching to get your tomatoes, squashes, bell peppers and herbs into the ground too. Depending on how big your garden is, these seedlings can really add up. If you can’t afford to plant everything right now, no worries. Stagger your plantings, and do the main areas first. Branch out when you save more next month.
4. Summer Camps/Sports. If you have kids in the under-18 age group, you probably have a seasonal sport, like baseball, in full swing. And with school out in a few weeks, it’s time to make those camp deposits. Start saving for the due-in-full date as well!
5. Vacations Savings. In a few short months, you’ll be relaxing on the beach or driving through the mountains. Ahh, fresh air! But that takes money, unless you plan on hitchhiking. Don’t stress if your getaway fund is lacking. You have plenty of time to put away some cash, as long as you’re working it into your budget each month. Divide however many paydays you have left until you leave, and put aside a little each time you get that direct deposit. Return home with memories, not debt.
6. Spring Entertainment. Our favorite part of spring is getting outside. That means dancing at park concerts, riding on roller coasters, and exploring street festivals! It’s quintessential spring. Keep your budget in mind as you check your events calendar, however, and throw in some free stuff if you need to lower your expenses.
7. Teacher Appreciation Week. The first week of May is National Teacher Appreciation Week. Encourage your child to say thanks with a handwritten note and some homemade cookies or budget a small amount for a nice indoor plant for the classroom. A little gratitude goes a long way.
Another way to show appreciation to your child’s teacher is to let them know about Dave Ramsey’s Teacher Appreciation Giveaway, sponsored by Zander Insurance. Tell the teachers in your life to enter at daveramsey.com/teacher through April 30 for their chance to win an all-inclusive vacation for two!
Whatever fun May holds for you, we hope it’s amazing. Budget for it now, so you can enjoy the heck out of it when it gets here!
Create May’s budget now with EveryDollar. It’s free, and it takes less than 10 minutes to set up!