- June 20, 2021
- Posted by: Stratford Team
- Category: Business
Businesses have reopened, so we can return to our favorite restaurants and many countries have begun welcoming U.S. travelers.
That is great news, and we certainly deserve the opportunity to get out and have some fun. But be cautious not to let the excitement of returning to a more normal life lead to overspending. Returning to normalcy will be a transition, and you need to be mindful of your spending.
There is tremendous pent-up demand and desire to get out and enjoy life. During the pandemic, 52% of U.S. households dramatically cut spending. Saving rates increased from an average of just under 10% to 33.7% in April 2020. U.S. consumers are sitting on trillions of dollars because of pandemic-influenced savings and several rounds of stimulus payments.
Revisit your budget to avoid falling into the trap of overspending or careless spending this summer. Develop a plan to ensure you are spending on what is important to you and…
