Entertainment costs can make up a substantial part of your monthly expenses. Reducing your entertainment costs is, therefore, a great way to free up money that you can use to pay off debt or to start investing. Here are four ways you can cut down on entertainment expenses while still enjoying the things you love to do.
Reducing your entertainment costs is a great way to free up money.
1. Combine Holidays with Family or Friends
Holidays are an important though expensive part of life. Planning your trip so that you go with a group of friends or family is a great way to cut your costs. The larger the group is, the more likely it is that you will get discounts on accommodation, tours and at restaurants, which greatly reduces the overall cost of your holiday.
2. Throw Parties at Home
Hosting parties at home is a great alternative to going out. Not only are you in the comfort of your own home, you also save money on the drinks, snacks, and transport. You can easily make your own cocktails and snacks at home at just a portion of the price you would get at your local bar and if you opt for a “bring your own booze” policy everyone will get to have their favourite drinks.
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3. Don't Buy Books, Buy a Kindle
If you have a passion for reading then chances are you spend a lot of money on books. The cost of buying books can quickly add up to a significant amount. However, you can easily avoid overspending on books by buying an Amazon Kindle tablet, which gives you access to all the same books but at a significantly lower cost. Not only are Kindle’s easy to carry around, but you can store multiple books in them so you will never run out of books to read while on the go.
4. Watch the Big Game from Home
Whether you follow the AFL, Cricket or Football, it is much cheaper to watch games at home or at a friend’s house than going to watch it live. This saves on the over-priced snacks and expensive tickets. If you love live sports, you can save up and go to the most important games as opposed to watching all the games at the stadium. That way you can still follow your team but reduce your overall entertainment expenses.
