Your Guide to a Memorable Jersey Shore Vacation This Summer
An annual trip to the Jersey Shore is a tradition many in our community cherish. This year, beachgoers will need to prepare for a 7% increase in the cost of a day at the Jersey Shore. This follows a 4% increase in 2023 1 and 16% increase in 2022 2.
The annual cost of traditional summer activities continues to increase, mirroring trends consumers are seeing across daily life, creating strain on their budgets. While increases were seen across the board, there was a notable decrease in the cost of gas, while the cost of tolls increased only marginally. Prices for beach tags, chair and umbrella rentals, sunblock and mini golf all remained the same. Despite the ongoing impact of inflation on goods and services, it's important to find ways to enjoy your summer vacation and create lasting memories without letting financial concerns overshadow the experience.
Setting up for shore savings
A disciplined plan and budget can help manage the rising cost of shore trips or any vacation this summer. Setting up a dedicated summer vacation savings account that you can contribute to throughout the year is an effective strategy to avoid the shock of a single large expense. When it's time to pack your bags, the funds are already in place, allowing you to focus on the fun ahead rather than how to cover the rising costs.
When preparing for your trip, try bringing as many items from home as possible, like snacks, groceries, beach chairs, and umbrellas. This helps reduce the need to purchase these at a premium at your destination. Not only does this help maintain your budget, but it also lessens the stress of having to find and buy these essentials once you arrive, ensuring your vacation is as relaxing and enjoyable as intended.
Consider your family’s unique needs and interests during the trip, especially if children are involved. If you know your kids love the arcade, amusement park, or going out to eat, try to limit these activities to one or two outings per trip and set clear expectations beforehand. This not only helps in managing your budget but also makes those moments more special and anticipated.
Budget-friendly summer activities
If the stress and costs of planning a summer vacation are starting to feel overwhelming, remember that there are plenty of ways to enjoy quality time with your loved ones and make lasting memories without the hefty price tag. Here are some enjoyable, low-cost activities that can fill your summer days with fun:
- Look for local fairs, festivals, or special movie nights in the park. These events are often free and provide a festive atmosphere perfect for family outings.
- Spend a day at nearby parks or playgrounds, or take a dip in local pools. These are ideal spots for relaxing and letting the kids play in a safe, open environment.
- Use materials you already have at home for a creative day doing arts and crafts.
- Set up a tent in your backyard for a night of camping or invest in an inflatable pool. Both options offer endless entertainment for children and a relaxing escape for adults from the comfort of your home.
Whether planning your trip to the shore or looking for creative ways to enjoy your summer, remember the best parts are the memories you make with loved ones. Taking a break for your overall wellbeing is important, so be sure to strike the right balance between fun and spending. Keep your long-term financial goals in mind, but make sure you're also making the most of your time with friends and family. Here’s to a summer filled with fun, laughter, and plenty of good times! Visit the Affinity website for more details about the Cost of a Day at the Shore!
This information is for informational purposes only, is intended to provide general guidance, and does not constitute legal, tax, or financial advice. Each person’s circumstances are different and may not apply to the specific information provided. You should seek the advice of a financial professional, tax consultant, and/or legal counsel to discuss your specific needs before making any financial or other commitments regarding the matters related to your condition.
2 Retrieved from: https://www.affinityfcu.com/financial-wellbeing/blog/financial-wellbeing/what-to-do-about-vacation-inflation