Saving Money on Entertainment

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Even though you must maintain a strict budget, you are human and are social animal. You enjoy going our and about on the town with friends. You do like to partake in adult libations when you visit a bar or nightclub.

 

There are techniques you can utilize to drink at bars and nightclubs and not go financially overboard. In other words, there are some specific strategies that you should bear in mind when it comes to saving money when you go out for a night on the town.

 

Enjoy Happy Hour

Liquor laws do vary from one state to another. With that said, in many jurisdictions in the United States, happy hours are lawful and provided by many bars and nightclubs. One way that you can save money when head off to a bar or club is to take advantage of happy hour.

Historically, bars provided happy hour in the late afternoon and early evening. Nightclubs hosted happy hour in the early evening. In recent years, many bars and clubs offer a twice a night happy. These establishments have happy hours both in the early evening (or later afternoon for bars) and late at night.

 

Take Advantage of Drink Specials

When visiting a bar or nightclub, inquire as to what drink specials are being offered. You may not always be able to find a drink or alcohol type that appeals to you. However, oftentimes you will be able to find a bar special that is appealing to you. In addition, if you at adventurous, you may be able to discover a new adult libation that you end up enjoying a great deal. You can save what amounts to a considerable amount of money by taking advantage of drink specials.

 

Purchase Cheaper Beverages

If you are like most people, you have favorite adult libations. These may be more expensive than well selections. You can save what can amount to a considerable amount of money when you go out and about on the town when you select lower cost alcohol — well alcohol. The price different can be a couple of dollars to upwards to $10 or more per serving.

 

Pair Up an Adult Beverage with a Water

You can save money on your bar tab if you pair up each cocktail, beer, or wine with a glass of water. This slows down your drinking, and fills up. In addition to saving you money, this strategy also keeps you hydrated while enjoying alcoholic beverages. It also is likely helpful in lessoning the symptoms of a hangover if you do end up drinking a bit too much when out on the town at a bar or nightclub.

 

Beware of Costs of Local Craft Brew

Supporting local businesses is important. However, if you are going to purchase local craft brews while enjoying a night out, you need to be aware of what you are paying. You may be like many people who think domestic beer when you purchase locally.

Yes, you technically are buying a domestic beer when you purchase a local craft brew. However, you will be paying a premium price for the brew, unless the venue is offering some sort of special.

 

Drink at Home

A solid way of saving money on you bar tab is not having one at all. In other words, rather than party with your friends at a bar or nightclub, stay home and do it there. You truly can save a notable amount of money if you visit the neighborhood liquor store and imbibe with your friends from the comfort of your own home. This is not a permanent solution. However, by partying at home sometimes, you can save more money to be used when you elect to go out on the town.

 

Take Cash Only

Time and again, people partying in bars and clubs rack up surprising bar tabs because they use credit or debit cards to pay off their obligations. When you are not handing over cash to a bartender, you easily can lose track of how much money you are spending while on the town. For this reason, when you intend to spend time at a bar or club, bring along only case. Make all of your alcohol purchases with cash.

 

“Pre-drink” at Home

Before heading out for a night on the town, have a drink or two at home. This can help you get relaxed for a fun night out on the town. You can also knock down your bar or club bill when you do drink at least a bit at home before going out.

 

Jessica Kane writes for TIPS Alcohol Training, offering TIPS responsible alcohol service training online for both on and off premise needs.

 

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Teaching Kids About Money

Kids and Money

Ideally, one’s financial literacy should have its roots at home. However, the majority of parents are either not willing or are ill-equipped to deliver money lessons to their kids.

 

As the world continues to change, the need for learning financial literacy at an early age has never been more important. If you learned the hard way, it does not mean that your child should go through the same. Teaching children about money while they are still young will give them a better chance of making smarter financial decisions in the future thereby enhancing their chances of success.

 

While a typical child’s money habits usually start to manifest at around the age of 7, you can maneuver them into the right path by starting to teach them basic financial concepts such as saving and spending while they are as young as three years old.

 

You must remember that, as a parent, you are the biggest influence on your child’s behaviors, their financial habits notwithstanding. As such, if you want to help raise a generation of financial savvy and mindful consumers and investors, you not only need to teach them how money works but also how to spend it wisely.

 

Tips on How to Teach Your Kids about Money

 

1. Be an Example

 

You find it cute when the child tries to mimic mom or dad. However, this is not limited to just how you walk or talk, those little eyes are observing and taking in every little thing you do. As such, if you are constantly splurging money in front of them, they are likely not going to give it a lot of respect themselves.

 

The best way is to deliberately display good habits such as creating a budget for whatever purpose right in front of them. Discuss how you are going to use the money and what needs to be left out. This way, they see that money is a serious topic that needs to be approached with respect.

 

2. Teach them about Earning

 

One of the best ways of teaching kids about the value of money is by making them earn their allowances. You should not give them cash just because they are alive. This contributes to entitlement. Instead, allow them to put their sweat into it.

 

Playtime is one of the most valuable things to a kid. Thus, by asking them to sacrifice some of that time and do some extra chores around the house so they can be able to buy that toy they are asking for, they will realize that money is valuable.

 

Moreover, give them a commission on each chore they do around the house. The benefits of this is that they will be more responsible in addition to understanding at an early age that money is earned.

 

3. Teaching about Delayed Gratification

 

Delayed gratification is an effective way of combating the ‘buy now, pay later’ mentality that afflicts most young adults leaving many in credit card debt. To teach this, you have to reinforce the idea that waiting usually pays off.

 

4. Teaching Against Impulse Buying

 

Impulse buying is another bad financial habit that affects most young adults. Teach your child early against it by always creating a budget before you go shopping. Start by outlining everything you are going to buy, the stores you will look into, and the price range for each item.

 

Go online and compare prices from the different stores and clip the coupons together. Give some of the savings you will make from these efforts so they can appreciate the value of bargain-hunting. This process will let them know that planning a purchase is better than impulse buying.

 

5. Sticking to Your Budget

 

Even after teaching them the value of earning money and creating a budget, a child may still make the mistake of spending all of their allowances on a single item and having nothing left for other things. This presents a teaching lesson as you will not give in to their demands that you give them more money. This will let them know the consequences of overspending. They are likely going to be more careful about how they use their money next time round.

 

6. Teach the Value of Saving

 

You obviously get your child toys or dolls regularly. However, when there is one that they really want, use that opportunity as a teaching aid. Set up a process for saving money in a bank account or piggy bank and tell them to save up the money they make from doing their chores. Some toys might be too expensive, and you might have to chip in from your pocket, but this should only be after seeing that they have put a lot of effort into saving.

 

7. Keep Track

 

One of the most important money management skills is knowing where your money is going. As such, have them use a notebook to detail their expenditure. Moreover, give them a file where they can store their receipts and statements. You can then,together, go through these records periodically and discuss where they could have done better while commending them on where they made good decisions.

 

Money management is one of the key pillars of life management. And because success is usually a result of good habits compounded over a long period, it is essential to teach your kids about money while they are still young. Use this article as a guide to offer them the best chances of success in the future.