15 Best Ways To Build Wealth In August (+ Free Savings Tracker)

This series helps you take advantage of the seasonal changes throughout the year. Use the unique opportunities in the month of August to build wealth faster than ever before.

And don’t miss the free August savings tracker to keep you motivated.

Explore ways to save, make money, and track your progress all month long!

10 Best Ways to Save in August

First, here are the best ways to keep more money in your pocket this month!

1. August is the ​best time to buy​:

School Supplies and Office Supplies:

Take advantage of back-to-school sales and tax-free holidays!

Seasonal Clearance:

Look for discounts on summer clothing, outdoor furniture, and sports equipment as retailers clear out inventory. These items are also great finds this time of year:

• Lawn mowers
• Bathing suits
• Sandals
• Grills

2. Check out Coupons & Cashback Apps. With all the back-to-school shopping this month, it can be a great time to use coupons and apps like Rakuten or Ibotta for extra savings on the things you need anyway.

3. Utilize Energy-Saving Techniques. This month is a scorcher for many. Keep your air conditioning costs down by using fans, keeping blinds closed during the day, and setting your thermostat a few degrees higher.

Grill outdoors to avoid heating up your kitchen.

4. Grab Last-Minute Travel Deals: Book last-minute vacations or future trips with end-of-summer discounts.

5. Take Advantage of Fresh Produce: Buy fruits and vegetables in season at local farmers’ markets. You’ll find lower prices and higher quality.

Pro Tip: Purchase in bulk and preserve or freeze the extra for later!

6. Buy in Bulk: Use the steep discounts at Warehouse stores to stock up on back-to-school supplies that have a long shelf life (and you know you’ll use!)

7. Do a mid-year budget review. As we head into the later part of the year, sit down with your budget and give it a checkup.

• Assess your spending. Are you on track?
• Re-evaluable your financial goals. Do you need to adjust them?
• Do you have a plan for holiday spending?
• Do you need to re-work your budget? Try the 50 30 20 approach >>

8. Meal Planning and Prep. With school back in session, it’s a great time to get back to meal planning and prep.

• Plan Weekly Meals: Plan meals around what you have, weekly grocery store sales, and seasonal produce to save money. We also find a rotating meal plan to be a lifesaver. Or you could try a free month meal planner.
• Double Your Recipes: Cook in bulk and freeze portions for later.

I like making freezer lunches for my kids at the beginning of the school year. It helps them stay motivated to take their lunches after the excitement wears off.

9. Car Maintenance Discounts. Take advantage of end-of-summer promotions at auto shops for oil changes, tire rotations, and other maintenance services.

10. Start Planning for the Holidays. It’s never too early!

• Start saving with the free Christmas saving challenge!
• Begin making homemade gifts to save money and add a personal touch. (For example, homemade vanilla takes about 6 months!)
• Start shopping for upcoming holidays like Halloween and Thanksgiving to spread out costs and find deals.

5 Valuable Ways to Make Money in August

Next, these ideas are for bringing in more income this month.

1. Provide End of Summer Childcare. Summer camps and daycare programs may end before the school year starts. Offer babysitting services for parents who need extra help in between.

2. Sell Summer Produce: Sell homegrown fruits, vegetables, and herbs at local farmers’ markets. You can also make and sell homemade preserves, jams, or pickled vegetables.

3. Lawn Care and Landscaping: Summer is a peak time for lawn care needs. Offer lawn mowing, gardening, and landscaping services to neighbors.

4. Offer Pet Services: Many people are still taking trips in August and need someone to take care of their pets or houses. Offer pet sitting, dog walking, or pet boarding services.

5. Try Freelance Work for Extra Income. Offer your skills on platforms like Upwork, Fiverr, or Freelancer. Or sign up for gig economy jobs like driving for Uber or delivering for DoorDash.

Is your teen looking for income? Create and sell customized school supplies! Kids love personalized notebooks, planners, and pencil cases. You can sell these on Etsy, at local markets, or through social media.

Free Printable August Savings Tracker

Now, grab the August Savings Tracker and get saving! To use it…

1. Set a goal.
2. Then, write the amount you save in the circles.
3. Write your total at the end of the month and feel proud about how much you saved towards your savings goal!

Looking ahead? Check out the best ways to build wealth in September too!

What’s Next?

Next, become a part of the Wealthy Woman community and receive my best tips for wealth-building. Start now!