We live for them.
The moments and memories that are a result of attending local events and live experiences with our friends. Whether we’re looking to attend them daily, weekly, or monthly, they give us something to look forward to and bring a lot excitement to our lives.
However, the reality is that live events and experiences cost money, regardless of your financial situation. Not only are there costs for attendance, there are sunk costs (or added costs) that go into these events like food, extra drinks, transportation, you name it.
If we could all just be a little better at managing our finances, we’d be able to make it out to more of these live events and experiences we’re always longing for.
That’s what you want, isn’t it? Well, you’re in luck!
Here we’ll break down 5 successful ways to help you maintain your finances so that you can attend more events and experiences.
1 | Attend free events
This one seems like a given, but unfortunately most people associate a high sticker price on their ticket, such as a music concert for example, with a better overall experience.
Completely false! This one is just way off the mark here and far from the truth. There are a TON of amazing local events happening weekly, and local experiences that don’t have any ticket price attached to them at all.
And guess what? Most of the time your satisfaction with the experience will be the exact same as that $300 concert ticket you just paid for… seriously.
After all, the best things in life are the simplest.
2 | Keep your credit card balance low
Keeping your credit card balance low should always be a top priority.
Not only will keeping your balance low result in paying less monthly interest and payments, it’s also good for your overall health and well-being so you won’t have to force yourself to stay in and be frugal.
Besides, if you’re feeling like splurging on those $300 concert tickets we talked about above, keeping your balance extremely low will make sure you actually have the room on your card to make that happen!
Just don’t make it a habit!
3 | Create your financial plan and a monthly budget
Creating a financial plan isn’t just a good thing to do, it’s the right thing to do to help you take control of your finances.
A financial plan will makes it far easier to reach your short and long-term goals, such as attending more experiences with friends, because you’ll now have clear targets to reach.
With your financial plan, you should also be establishing a monthly budget to track how much you’re earning, where you’re spending your money and where you could be saving money. You might just happen to find out that if you cut your spending in one area, you might free up some room to attend more events = a happier you.
This might also be a good exercise for you to see that you’re attending way too many $300 concerts and it’s time to take our advice and start attending free events… just maybe.
4 | Look for deals and discounts
Similar to most retailers, brick and mortar or online stores, events (and experiences) often have deals and run special promotions for discounts. This is especially true during the Holiday season and any long weekend.
Our recommendation here is to keep an eye out for, heck even go searching for deals and discounts on upcoming events.
Sure $5 off might not seem so attractive, but those costs add up and if you plan on attending quite a bit of events in the future with your friends, then they can compound fairly quickly.
5 | Group tickets
Similar thought to looking for discounts, is keeping an eye out for group or bundle ticket prices.
It’s actually way more common than you might think that events will sell group tickets of generally anywhere from 5-10 tickets at a discounted price which usually ends up being a discount of around 10-20% per ticket, or including 1-2 “free” or “additional” tickets with the purchase.
Again, it’s a small but mighty tactic that adds up over time. So next time you’re headed out to an event with a large group of friends, it’s best doing some homework to see if the event offers bundled rates.
Attending events and live experiences can quite often add up and put some strain on your wallet, but there are ways to help you manage your finances so that you can be worry-free at events and even attend more events.
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