Summer is a season full of sun, socialising, and spontaneous spending. But if you’re a first-time buyer in the UK, staying on track with your house deposit savings doesn’t mean you have to sacrifice all the fun.
At LTC Mortgages, we understand how important it is to find a balance between enjoying the present and planning for your future home. That’s why we’ve put together these smart summer budgeting tips to help you save money without missing out on the sunshine.
-
Embrace Free Fun
Not every memorable summer moment has to come with a price tag. Take advantage of free community events, open-air concerts, walking trails, and local beaches or parks. Many cities offer free museum days or outdoor movie nights—perfect for a cost-friendly date or family day out.
-
Ditch Pricey Holidays (For Now)
It’s tempting to book a last-minute holiday, but travel costs can take a serious bite out of your deposit savings. Instead, consider a staycation or short weekend trips to places you can reach by train or car. Not only will you save on flights and accommodation—you’ll also avoid unnecessary spending on extras like airport transfers and baggage fees.
-
Cut Energy Costs
With warmer weather, now’s the perfect time to cut down on energy usage. Open windows instead of turning on fans, hang laundry outdoors rather than using the tumble dryer, and make the most of natural daylight. These small adjustments can reduce your energy bills and free up extra cash for your deposit.
-
BBQ Smarter
BBQs don’t have to be expensive affairs. Host potluck-style garden get-togethers, where everyone brings a dish or drink. Buy ingredients in bulk, and use leftovers creatively to cut waste. You’ll enjoy the social time without overspending.
-
Review Subscriptions
From gym memberships to streaming services, summer is a great time to review your monthly subscriptions. Are you really using all of them? Cancel any you’re not actively using and redirect those funds toward your house deposit.
-
Try a Seasonal Side Hustle
Longer days and better weather offer more chances to boost your income. Consider dog walking, freelance work, or selling items at car boot sales or online. A seasonal side hustle can fast-track your savings and give you an added sense of momentum.
Every Little Saving Adds Up
Buying your first home is one of the biggest financial goals you’ll ever achieve. By making small, smart changes to your summer habits, you can enjoy the season and stay on course to hit your deposit target.
Ready to Take the Next Step?
Whether you’re nearly there or just starting to save, LTC Mortgages is here to help you navigate the home-buying journey. From deposit advice to securing the right mortgage deal, our expert team is just a call away.
Contact us today for friendly, no-obligation advice:
Phone: 0151 662 0188
Email: [email protected]
Website: www.ltcmortgages.co.uk
Keep in Touch
Follow us on social media for more handy tips and advice:
Instagram
TikTok
Facebook
Your property may be repossessed if you don’t keep up with your repayments on your mortgage.