How to Finance Your Entertainment Addiction
The average household spends $2,913 on entertainment per year, according to the Bureau of Labor Statistics. However, this is the average household. For most of us movie, TV, and pop culture addicts, we spend well over the average. So, how can you manage your budget, save some money in the bank, and still finance your entertainment addiction? Check out some of these tips on saving money and still have it all.
Invest in a Movie Rewards Program
Are you a film buff that simply has to see a movie in theaters on opening day? Well, then you know just how expensive these tickets can be. The average price of a movie ticket has hit all-time highs. According to the National Association of Theater Owners, the coverage cost of a ticket in 2018 was $9.11 and is only increasing in 2019. However, movie theaters are working to reduce these costs for many of their loyal movie-watchers. By investing in a rewards program like AMC Stubs A-List program or MoviePass, you can see multiple movies a week for one monthly price. This will ultimately save you the cost of about two tickets a week, depending on how often you go to the theaters. A lot of theaters also have loyalty reward programs that allow you to collect points that you can then exchange for free tickets or food. This will also help to save you money in the long run and ensure you never miss a movie premiere.
Refinance and Manage Your Financial Life
One great way to save money for entertainment is to shift around other funds in your life. You should make a budget for every aspect of your life and base this on your necessities and priorities. If entertainment is important to you, you can minimize how much you spend on eating out, clothes, or any other non-essential items. You can also look to refinance any loans you may have or pay off any outstanding debt. This can then qualify you for a personal loan that could essentially provide extra funding for your entertainment habits.
Join a Fan Club in Your Area
Another way to save some money on your entertainment addiction is to find other likeminded individuals. Scour through social media and see if there are any fan clubs in the area that you can connect with. By joining one of these groups, you can share the knowledge and let each other know when there are discount movie tickets, sales on entertainment collectibles, or free fan events. This will not only save you money, but it will also keep you in the know so that you’re always on top of the latest and greatest entertainment news.
You don’t have to kick the addiction. If you love watching movies or indulging in pop culture, then all you have to do is manage your finances better. Prioritize entertainment and work to save money whenever you can.