Tom Drake is the writer behind Canadian Finance Blog. Tom believes that a staycation is the best way to enjoy your summer vacation time without breaking your budget.

This video is an entry in the GOBankingRates Summer Savings Video Challenge. Share with your friends using #GBR1MinMoneyTip and watch more videos about the best ways to save money.

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Are you looking to go on vacation this summer? You might be thinking about a nice beach vacation, a trip to Europe or maybe taking the kids to a theme park. The problem is that these types of vacations can be too expensive because they require airfare and hotels.

Thankfully, there are ways to enjoy the summer that won't cost nearly as much money. This summer, instead of traveling, try a staycation and experience your city.

A staycation simply means enjoying your vacation time in your own city. It could be going to your local museum, zoo, festival or nearby beach, and maybe a night out at a restaurant you've been wanting to try, or going to a concert or a sporting event.

So start looking around at the events available around your city and then look for online coupons, auto club discounts, and an entertainment book.

Enjoy your staycation!

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