The average American family spends $2,913 of their annual household budget on entertainment, according to the BLS. While this equates to just 4% of a typical home’s income, it’s still a substantial amount, especially when you consider that 80% of the nation currently holds some sort of debt. Thankfully, you can save a small fortune and still enjoy great family entertainment with these top tips.
Embrace video streaming services
Whether it’s good movies, TV shows which leave you begging for more, or original content that you’re after, video streaming services such as Netflix, Amazon Prime, and Hulu have it all. With monthly fees for these services costing from just $5.99 per month, they’re a much cheaper alternative to cable TV, which currently sets the nation back between $76 and $100 per month. As a result, the sooner you ditch your pricey cable package, the quicker you’ll see some impressive savings.
Change the way you pay for days out
Every year, 42% of U.S families enjoy a day out at a theme park. But, the likes of Magic Kingdom and Universal Studios will cost you more than $200 to visit. To cut the cost of your trip, you should hunt out discount vouchers online, take your own food, and avoid visiting in peak season. However, you should also consider the way you pay for your day out. Using a credit card which offers cashback or reward points on your purchase will benefit you as you’ll ultimately pay less for your trip. And, you’ll get to keep hold of more of your hard earned cash.
Enjoy free days out
Not every day out has to cost a ton of cash. In fact, some of the most memorable days out that you’ll have as a family are the cheapest. Simple places such as parks are free to visit and provide the opportunity to have a picnic, play games, go on a nature trail, and so much more. Whereas, on bad weather days, your local museum, the library, and art galleries are great places to attend. And, don’t forget to look out for one-off free family fun days, fetes, and events during the summer months.
Entertainment is a great way to bond with your family. However, there’s no need to spend a fortune every year to keep everyone amused as video streaming services, free days out, and changing the way you pay will keep your costs to a minimum.