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Fourth of July economics broken down

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NEW YORK (PIX11) – Celebrating the Fourth of July can hit your wallet hard.

TheStreet’s economics analyst Joe Deaux explains some of the financial pitfalls that could cost you.

Saving at the pump: Keep carloads as light as possible and take out heavy items from the trunk that you’re not using to avoid wasting gas. Use points accumulated through certain grocery stores to shave a few cents off each gallon.

BBQ blues: Food prices have been on the rise this year, but that doesn’t mean that you should cancel the big barbecue. Buy only seasonal fruit, and take advantage of sales. Turning a barbecue into a pot luck can also help shrink the bill.

Airline travel: Plan ahead to take advantage of early-bird prices.

In general, summer sunshine can easily – and quickly – burn a hole in your pocket.

Learn four more sneaky summer expenses and how to avoid them by clicking here.