The Best Ways To Save Money In Toronto This July
Every park and patio is filled to the brim and there are off-the-shoulder tops as far as the eye can see. It can only mean one thing – it’s officially #summer18. Did you know that the summer months are some of the most expensive of the year?
According to a recent survey from savings destination RetailMeNot.ca, almost half of Canadians (41 per cent) spend more money in the summer months than other season, making the summer a perfect time to do a quick temperature check on spending habits in the first half of the year, to help us budget for the back half.
Just because you’re on a budget doesn’t mean you can’t have fun! I’ve rounded up a few ways for you to still enjoy yourself this month without breaking the bank.
1. Check Out Cheap Entertainment
If you haven’t seen our article, Cineplex’s new deal will allow movie-goers to enjoy hit movies for $2.99!
Check out participating movie theatres in Toronto below:
- Cineplex Cinemas Fairview Mall
- Cineplex Odeon Eglinton Town Centre Cinemas
- Cineplex Cinemas Empress Walk
- Cineplex Cinemas Yonge-Eglinton and VIP
- Cineplex Cinemas Yorkdale
2. Shop Your Neighbourhood Flea Market
Need a present for a friend’s birthday? Or maybe you just want to spruce up your home with some unique finds? You could hit up one of the numerous boutiques Toronto has to offer, but if you’re looking for a dal, flea markets are where it’s at. The next Parkdale Flea Market is on July 14 and the Trinity Bellwoods Flea is on July 15. But if you’re not a west-ender, don’t worry. There are summer markets in Leslieville and many more Toronto neighbourhoods.
3. Take your Workout Routine Outdoors
Now that it’s summer, there’s no need to shell out your hard-earned cash on fancy indoor exercise classes. There are so many outdoor activities you can do that will help you work up a sweat for way less. You could join a running group, go on a hike in High Park, grab a friend for a round of tennis, the opportunities are endless!
Bonus tip: if you do have a gym membership, many places will let you pause it for a month or two so you can enjoy the summer sun this July and then return to the comfort of an air-conditioned workout studio in the fall.
4. Airbnb (or Sublet) Your Home
If you have a vacation coming up (lucky you!) and want to offset the costs of your trip, one option is to Airbnb or sublet your home while you’re away. Toronto is a popular destination for travellers in the summer so depending on your location, your pad could be in high demand. Of course, there’s always a bit of a risk opening up your place to a stranger and you’ll definitely want to get permission from your building management first but if you find a suitable guest, it could save you hundreds of dollars on rent and utilities. To start, try asking your friends and family if they know of any potential subletters, and then post in places like Bunz to get the word out.
5. Ride Your Bike to Work
This is a well-worn money saving tip but it’s an oldie-but-goodie for a reason. Especially in Toronto, with the ever-rising cost of the TTC and gridlock traffic, riding your bike can save you a ton of money and let you enjoy the summer weather at the same time. Plus, with the new bike lanes on Bloor Street/King Street, there’s never been a better time to dust off that helmet and two-wheeler and get pedalling.
6. Dine Al Fresco On Your Own Balcony
After a long work week, what better way to unwind than with a glass of wine on a sunny patio? Of course, in Toronto, there is no shortage of trendy restaurants to choose from, but if you’re looking to save money, these probably aren’t the best bet. Instead, if you’re lucky enough to have your own balcony, you can pick up a bottle of vino from your local Wine Rack and recreate the experience in your own home for a fraction of the cost. In fact, with the money you save, you could even splurge on some fairy lights and plants to make your outdoor space extra cozy.
Summer fun doesn’t have to drain your bank account. With a little creativity, you can be well on your way to saving major bucks this month.
Featured Image: Instagram/@atumnjenkins
Have any other tips to save money in Toronto this July? Let us know in the comment section!
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Jasmine Williams is an award-winning writer, editor, and content strategist based in Toronto. Whether she’s covering the latest food trend or interviewing successful entrepreneurs, Jasmine is passionate about creating content that helps young professionals live their best lives.