ANCHOR LEAD: For many of us, summertime is for vacations, day trips and family reunions. It's also a season we tend to overextend our budgets. Brian Osuch has more on how to have fun this summer without affecting your overall financial strategy. (:60)
SCRIPT: Your Financial Fitness, I'm Brian Osuch. Getting your finances fit for summer helps prevent your bank account from feeling the heat. Dean Athanasia from Bank of America reminds us of how to enjoy summer fun without digging into our savings.
CUT: (Athanasia) Summer is a great time to relax and reconnect with families and friends, which can stretch your wallet. So keep your long-term budget in mind as you map out your summer activities, to help ensure plans for retirement, children's college and other important financial goals stay on track. There are small changes you can make to cut costs. For example, according to the Merrill Edge Report, seventy percent of mass affluent Americans have taken on a home improvement project they would typically hire someone else to do.
SCRIPT: For more, log onto Merrill-Edge-dot-com. That's Your Financial Fitness from Bank of America. Banking products are provided by Bank of America, N-A, member F-D-I-C. Investment products are provided by Merrill Lynch, Pierce, Fenner and Smith Incorporated, and are not F-D-I-C insured, may lose value, are not bank guaranteed. M-L-P-F-and-S is a registered broker-dealer, member S-I-P-C and a wholly owned subsidiary of Bank of America Corporation.
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