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TORONTO, ONTARIO--(Marketwired - June 28, 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: Be spending-savvy this long weekend and have fun without breaking the bank.

As Canada Day weekend plans kick into full gear, cost-conscious Canadians will be considering budget-friendly options such as visiting cottage country, going camping or opting for a "staycation" at home.

With cutting back on discretionary spending an ongoing priority for many Canadian households, BMO offers the following spending-savvy tips to help ensure a memorable Canada Day:

Establish a summer-specific budget: Setting and sticking to a budget is a smart way to keep costs to a minimum this long weekend.

Enjoy local attractions: Do research on weekend events that are appealing to you, as many of them offer Canada Day weekend discount offers.

Public transit: Check your local transit website for holiday hours and family passes, so you and your family can take advantage of all your city has to offer without costly parking fees.

Get a tune up: Before hitting the road, visit your local mechanic for any parts in need of replacement; for example, a clean air filter can improve your gas mileage by as much as 10 per cent.

Take in the fireworks: Fireworks shows are fun, free, and a great way to spend time with your family. Check your local media for show times and locations.

Track down local eats: When you travel, avoid tourist hot-spot restaurants that usually charge peak prices during long weekends and opt for local dining.

Cheap thrills: A trip to the movies can be pricey, after tickets, food and gas. Instead, rent a movie to watch at home or go online to check out less expensive matinee viewings.

Take advantage of loyalty rewards programs: There are many merchandise rewards that can be redeemed using BMO Rewards points or AIR MILES reward miles, including a variety of outdoor living and camping gear. Or, opt for a cash back rewards card and put a portion of what you spend back in your wallet.

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 www.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.