That is what a Pollara survey done for BMO suggests, that 34% of Canadians, “…they take a mental vacation from thinking about their finances during the summertime….“.
For those of you who think this is a good idea read the next line very carefully:
This is a very BAD idea!
This guy may be on vacation, but he isn’t forgetting about his finances
Agreed I am being a little laid back, but it is the summer.
The summer, when you are going on vacation, out of your regular spending rhythms and are prone to more spontaneous purchases and such, the last thing you should be doing is taking your “eye off the ball”.
BMO’s resolution to this issue is to use one of their mobile tracking tools, but just keeping track of your receipts and spending is what you need to do (I really don’t care how you do it, but you need to do it). \
You might want to check your investments too, since many interesting things can happen in the markets over the summer (you might think the markets shut down for the summer, but surprisingly they do not).
I was trying to figure out what the family could do while on vacation next week and I looked around at a few places to see how much this might cost, and saw the following:
- At La Ronde(a Six Flags associated amusement park in Montreal), if I and my 3 daughters went for the day, this would cost around $140 with parking included (3 adults one kid under 12). If my wife comes kick another $35 (not including food and such). So about $175.00 for a day (I am not ragging on La Ronde, we have been there and the kids like going there, I am just using them as an example).
- If I buy a season pass I can then go to Darian Lake’s six flags park, and that would cost about: $400, I figure, but I could be wrong. The family passport doesn’t fit my family any more, oh well.
- There are also discounts available if you buy your tickets earlier, but not much.
- Paramount Canada’s Wonderlandwould cost you around $290 for the day (not including food, parking, etc.,).
- A set of season passes would cost around $390.00
- Marineland in Niagarais going to cost us somewhere around $220.00 (parking is free, but food is not).
- The one nice thing about Marineland is for an extra $25.00, you now have season passes (which is nice).
What does this really mean? Man it’s expensive to go to a theme park these days, holy cow!!! Now that I have this information, I need to confab with the family and see whether this is the choice, or whether we look for a nice beach and spend the day there, or go to a movie, or many other family things that are a little cheaper.
Why is it I end up spending so much on vacations, that I start out thinking are frugal?