How to Save Money on Entertainment

by Admin on October 14, 2015


We all want to save money and there are lots of ways to do this. You can negotiate down your bills, reduce your energy consumption, buy your clothes secondhand, trade your car in for a bike, etc. One of the best ways to reduce your spending and save more money is to cut back on what you spend on entertainment.

Before you get defensive, understand that we are not telling you to go without entertainment. On the contrary! Everybody needs to be entertained! What we’re telling you is that there are ways to get the entertainment you want for a fraction of what you’re currently spending. It’s true. Here are some of them.

Bundle Your Services

Do not pay separately for your television/cable subscription and your internet service, bundle them together and save on both of them. For example, people who live in Raleigh, North Carolina can bundle their services together into a package deal that costs around $50/month–get more info here. There are similar promotions running in your city, we guarantee it.

Stay Home

If you have an extensive cable package why are you going out and dropping $40 on a trip to the movies every week or so? You’re already paying for movies and television shows, so why not put on your comfy pants and watch from the comfort of your own home? This is especially a good idea for theatrical releases that make their debut (for a small pay-per-view fee) via On Demand or on Amazon before they are released in theaters.

Second Run Theaters

Second, Third, and Revival theaters are great places to catch a movie when you’re itching to get out of the house. These lower tiered theaters sell tickets for a fraction of the price of a new release ($3-$5 as opposed to $10-$12 respectively). Their prices for snacks and food are also much more reasonable. Another selling point for many movie goers is that a lot of the second, third and revival run theaters now also serve beer, pizza and other pub basics alongside traditional concessions like popcorn and candy.

Combine Your Activities

Instead of going out to dinner, then taking in a show, why not go see a show in a venue that serves dinner, like the aforementioned lower tiered movie theaters? Another great way to do this is to go out for group activities like pub trivia or to presentations that are given in pubs and restaurants. For example there is a lecture series that happens in many cities called Science on Tap that sets up in popular pubs in the city and entertains/educates attendees while they have their dinners. Sports bars are another example of this: grab dinner while you watch the game with your buddies. Attend art gallery openings that serve hors d’oeveurs.

Skip the Liquor

It’s fun to go out for a pint with your friends now and again, but multiple pints can get expensive very quickly. Order one and then switch to water. Your bank account and your liver will thank you for it!

Join Up

Does your family really love going to your local zoo or children’s museum? If you find yourselves heading there a lot, consider purchasing a membership. Obviously you’ll want to do the math on this, but if you’re regulars anyway, why not get some of the perks that come with a venue subscription?

Use Your Library

By now, almost everybody knows that the library is a great place to get books to read, music to listen to and movies to watch all for free (unless you return them late and have to pay fines). Libraries are also great sources for family programming. Most have storytimes for kids, movie nights and even art fairs and lecture series. Plus, libraries lend eBooks as well as regular books now so you Kindle users can save some money too!

Pare Down

Take a look at the libraries offered by all of your streaming media services. Chances are there are some major overlaps there. Why are you paying for separate services to show you or play the same stuff? You do not need Rhapsody, Pandora, Spotify, Slacker, Netflix, Hulu, CBS, HBOGo, Showtime, Amazon, M-Go, etc. Choose one or two streaming movie/TV services and one music service. Heck, you might even be able to cancel your music streaming services completely since everything is on YouTube for free now anyway.

The point is that there are lots of ways to reduce your spending without having to feel like you’re trapped at home with only the entertainment you already own. Start poking around your city. You’ll be surprised by how much reasonably priced or even cost-free programming there is to entertain you.

Image from


Buy low and sell high. That’s how you play the stock market and what could be simpler than that?

Well, it is simple. And it sounds nice. But for the most part, it’s an investment fallacy. It’s not what Warren Buffett does and you shouldn’t do it, either.

To start this discussion, let’s look at the tech-stock dominated NASDAQ index. Prior to the last two recessions, the NASDAQ index reached a peak of 6,948.75 points. That was in March 2000. It then fell to a late 2002 low of close to 1,000 points before skittering along for the next six years to a new peak of 3,000 points in 2008. It then fell again in the so-called Great Recession, which ran from December 2007 through June 2009. Now it is back to close to 5,000 points, the highest it has been since March 2000.

What this tells us is that the NASDAQ index was overvalued in March 2000 just prior to what is called the Dot Com Bust. The new peak of 5,000 points, while lower than March 2000, is thought to be a more solid value than the unrealistic and speculative peak of 6,000 points way back when. So, which would you rather own, a solid 5,000-point stock or a speculative 6,000-point stock that reflected the market’s guesswork on the value of Internet companies that were widely popular but didn’t even sell a product?

Despite what it looks like, the NASDAQ’s value now maybe more substantial than it was in 2000. Then it was a highly speculative market. Now, it is a more realistic one.

That said, the basic strategies for investment remain the same – and they are not really built on the concept of buying low and selling high, except for a few speculative investments. Unless you have a crystal ball, what you are investing in should be long term stock trends. You might say, philosophically, you are investing in time.

Yes, there are wildly dramatic success stories out there, just as there are wildly dramatic stories of people going broke on Wall Street.

So, let’s look at Warren Buffett for a moment. He’s frequently mentioned as the most successful investor of all time. He started his life in a modest home in Omaha, Neb., and went on to become one of the richest men in the world.

But he doesn’t believe in buy low and sell high at all. What he believe in is long-term investment.

In other words, Buffett only believes in buy low and sell when a company is beyond hope.

Buffet likes to buy low and hang on for dear life. Why stocks for a company that is in a low stretch, when you know the long-term prospects are good.

Any company that still has a pulse can still revive and go on to make a fortune. Look at Apple Inc. It is among the largest companies by capitalization in the world and it got there on the backs of its staggeringly successful smart phone business. But for a few decades there, when it just sold computers, Apple was kind of a stock market dog. It had many lows before it found its true calling. If a wise investor had sold Apple stocks when they were low, they would have missed the wild valuation that came about relatively late in the company’s history.

The real trick is buy low and hold on through thick and thin until the economy or fate props up your investments. When the recession hit, Buffett, for example, bought a railroad and invested $5 billion in Goldman Sachs, a huge Wall Street bank.

In other words, he invested in stodgy, long-term projects. With global warming on everybody’s mind, railroads, his research team decided, had a place in the greater scheme of things. Cheap shipping companies might just do well when the energy market shifted to reflect tighter resources and increased concern for the Earth’s environment.

The answer to the every day investor is diversify and hold on. Put some money in banks, a few dollars buying pharmaceutical company stocks, something in restaurant chains, a manufacturing company or two, and maybe some Blue-chip giants, like Boeing, Ford, Johnson & Johnson or Proctor and Gamble.

How much of your money do you use chasing around for the next Apple Inc? None. Unless you work at Apple, you had no business investing in them when they were the street corner punks of the computer industry. OK, some people had a good hunch or liked the quirky company – and, yes, the scored big. They were lucky. But if you trust luck, invest in lottery tickets. In general, don’t toss your hard-earned money on luck.

Invest in time. Invest in long-term stocks and wait for the tide to rise, the tide being the general economy. If you go down, you will have a lot of company. If stocks rise, you will also have company. Then maybe take 1 percent of your capital and make a few wild bets and once you get that out of your system, leave your stodgy investments alone. That’s the way to make your grandchildren proud.

4 Simple Ways Homeowners Can Make Their Bills More Affordable

July 27, 2015

As a homeowner, you probably have lots of different bills to pay, are we right? From property tax and mortgage repayments to your energy bills and home maintenance costs, being a homeowner is pricey. The main problem for many homeowners is that when a bill is missed or paid late, extra interest and fees are […]

Read the full article →

4 Habits Wealthy People Have That You Need To Imitate

May 26, 2015

If you want to make serious money, then there is only one place to look to: at the people who have already made serious money. There are a lot of reasons why and how they have managed to develop such healthy bank accounts. Some of it is a stroke of luck, of course. But most […]

Read the full article →

Increasing Retail Costs Explained

September 16, 2014

By Helen Douglas from It is safe to presume that shopping is an activity most people have to factor into their weekly budget. From a spontaneous bout of retail therapy to the weekly grocery shop, unless you are a stringent budget shopper, these tasks are often a pricey exercise- gradually becoming more expensive as […]

Read the full article →

5 Tips for Finding the Right Contractors for Your Real Estate Investment

April 22, 2014

One trend in the real estate investment world is to turn old properties into fully-furnished, renovated and gorgeous properties. Buyers appreciate paying extra for properties that already look great and do not require many renovations or repairs. An investor can significantly increase the value of a property by taking some time to do extra work […]

Read the full article →

Making Money In Australia: Easy, Quick and Fake?

April 3, 2014

Yesterday, I wrote a post on The Importance of Enjoying Life Right Now, and ended up doing some interesting research on the lifestyle of Australia. While the post helps you forget about financial woes, I ended up learning a lot about the country overall. Today, I thought it would be a great idea to do […]

Read the full article →

The Importance of Enjoying Life Right Now

April 2, 2014

Most of the time, I spend time concerning myself about one thing: money. Partially, that’s why I started to this website, to give other like myself, a leg up on managing personal finances. I figured, I just might help someone else being concerned about money and finally start living! There is a point where […]

Read the full article →

7 Lucrative Investment Opportunities You Must Consider During 2014

April 1, 2014

If you’ve just come into a significant inheritance or received a massive payout for whatever reason, you’ll want to use this money in the most sensible way possible. You could book round the world trips and buy yourself a big house in the countryside, or you could invest the cash and try to create a […]

Read the full article →

Declined For Life Insurance? | 3 Steps Of Action To Take Now

March 27, 2014

Being declined for life insurance can bring on a range of feelings, from angry to confused, and from doomed to angry again. You’re willing to pay for life insurance and they say “no”! And, of course, those feelings are compounded like accrued interest when you really cannot fathom the reason(s) you were given for your […]

Read the full article →