Saving Money Tips - Set an Entertainment Allowance

Don't we all just love to be entertained? There isinstead of A reserve
nothing nicer than looking forward to going to the- Go to a matinee showing instead of a night
opera or attending a musical performance. We liveshowing
in exciting times, as there are so many functions- Find an outfit in your existing wardrobe instead
for us to participate in, that it can be difficultof buying / hiring an outfit
choosing what to attend and it can certainly be- Get a friend / family member to do your hair /
hard containing our spending habits.make up
A lot of entertainment can be quite expensive- Eat before going out
and most times we don't realise how much a- Drink water / juice / soft drinks instead of
night out actually costs us. You not only have thealcohol
cost of the event, but usually these sort of social- Attend events locally to save on airfares /
outings cost us money in other ways such asaccommodation / car hire
taxis, drinks, clothes etc.- Drive to avoid taxi fares
The best way to control the money that you do- Cut the number of events you expect to
spend on entertainment is to set yourself aattend
quarterly / yearly entertainment allowance. Below- Find a cheaper option e.g. go to a local theatre
are some clues to help you do this.to see a show, rather than a big performance
1. Work out what you would like to do over thecentre 6. Find a way of monitoring what you do
next quarter / year:spend over the quarter / year. Use a software
- Visit galleries / exhibitionsprogramme to record all of your costs for
- Attend concerts / musical performancesentertainment throughout the quarter / year. The
- Watch opera / ballet / danceprogramme should record how much you have
- Attend pantomimes / theatre / shows / plays /spent and how much you still have left to spend.
musicalsThis will ensure you stay within your proposed
- Attend film festivalsbudget.
- Participate in balls / charity eventsEntertainment need to be looked upon as a treat.
- Go to circus shows / live performances /We have mentioned earlier that entertainment is
comedy shows 2. Estimate how much the ticketsa "want" and not a "need". The functions and
/ entrance fares are going to cost you.events you attend should be looked upon as
3. Spend time working out the 'hidden extras' sospecial times in your life that you can really look
you know the full cost of the function / event.forward to. If you don't consider them as a
There are often costs to consider such as:specialty / treat, then attending such events will
- Buying / hiring attire - formal / semi-formalbecome the normal. You will think of these
outfitsactivities as "must haves" instead of "nice to
- Attending the hairdresser / make up artisthaves". You will expect to go to them on a
- Paying for accommodation / flightsregular basis and you will find you spend lots and
- Hiring a car / paying for taxis / parking feeslots of money satisfying your wishes.
- Eating out / drinks 4. Tally up the whole cost ofYour money can only go so far. I am sure there
your entertainment. Look at your budget andare a lot of important things in your life that you
ensure your quarterly / yearly entertainmentare trying to achieve. This might be something on
allowance will fit in with your overall budget.your wish list to buy, a holiday you want to go
Remember entertainment is a "want" and not aon, someone you wish to help financially etc. So,
"need". You have other priorities and financialsee if you can make a bit of a sacrifice with what
commitments in your budget to allow you toyou spend on your entertainment and start
meet your "needs". These must be met beforelimiting what you spend over a quarter / year.
deciding where else you "want" to spend yourYou don't need to cut entertainment out
money.completely. You still need to have fun and look
5. If your quarterly / yearly entertainmentforward to special times, but ensure you do so
allowance is above what you have available inwhilst giving yourself an opportunity to meet your
your budget, look for some alternatives:other goals and wishes.
- Buy a cheaper class of ticket e.g. B reserve