BMO Financial Group
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BMO Financial Group
BMO Bank of Montreal

BMO Bank of Montreal

June 25, 2013 12:41 ET

'BMOst of Summer' Financial Tip of the Day: Create a Summer Budget to Avoid Overspending

TORONTO, ONTARIO--(Marketwired - June 25, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing a financial tip every day in the summer to help Canadians make the 'BMOst of summer' in 2013.

BMOst of Summer Financial Tip of the Day: Create a summer budget to avoid overspending.

Creating - and sticking to - a budget is the key to preventing yourself from overspending during the busy summer season, while still allowing you to enjoy fun summer activities, such as weekend trips, eating out and visiting local attractions.

"To stay on track financially this summer, Canadians should consider building a summer-specific budget," said Su McVey, Vice President, BMO Bank of Montreal. "Online tools, such as BMO MoneyLogic - available free to BMO customers - make it easy to set and track savings goals by providing immediate insights into your spending habits."

According to a recent BMO Bank of Montreal survey, Canadians expect to spend $1,599 on impulsive purchases and $3,978 on non-essential items over the course of the summer.

BMO offers a number of products and services that can help Canadians get more out of every dollar they spend this summer. For more details on how to make the 'BMOst of Summer,' drop by a BMO branch or visit bmo.com.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.

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