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Super Bowl LIII is just around the corner, and as is tradition, millions of people are getting ready to spend big money on the event for food and drinks to throw watch parties. These expenses can all adds up to a pretty large amount of money. Did you know that instead of spending on the Super Bowl, you can save a significant amount of money?
According to the National Retail Federation, Americans are expected to spend more than $15.3 billion on Super Bowl Sunday this year.
Statistics show that the average American spends about $81.17 on the Super Bowl. If you’re between the ages of 24 - 34, then you may end up spending more-about $118.43.
Even if you’re not going to the big game, you may want to have a few friends over to watch the game. Even more statistics show that this Super Bowl Party will cost you about $207.16.
Super Bowl fans who attend the big game spend even more money. Here are the most common expenses:
For example, if you attended Super Bowl LII in 2018, you would have spent about $3,626 on the cheapest with the most expensive ticket being about $175,790. The good new though is that this year, prices have fallen by about $500-$1,000. This is because Patriots fans have "been there, done that" and demand for game day tickets has gone down.
Whether you attend the Super bowl or host your own party at home, it’s going to cost money.
Retailers have a lot of special offers during the Super Bowl that may seem like good deals. For example, there’s a $20,000 offer that gets you fresh 7-pound lobsters flown in from Maine, a host of valets to help park cars and live music.
The point is, there’s a good chance that you’ll spend thousands of dollars if you go all out. How much can you save? Potentially hundreds to thousands of dollars.
If you think you don't want to spend $200 dollars on a Super Bowl party or $20,000 on a lavish shindig, then here are some tips that could come in handy:
You can find different ways to save money on lots of game day expenses.
If you plan on going big for the Super Bowl, one way to save on big purchases is to use a credit card with a 0% introductory offer. This way you get the chance to make a big purchase without paying interest for a period of time. Additionally, you can score some big rewards that come with the credit card, putting money back in your pocket.
Here are some of the best credit cards in the market that offer low interest rates and some of the best benefits when you use them to make big purchases:
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With this card, there is no annual fee, 0% intro APR for the first fifteen months and a low variable interest rate of 14.24% following the promotional period. It’s a low interest credit card, so if you end up carrying balances month to month, you won’t pay as much in interest.
The Super Bowl is a huge event for of millions of Americans. That doesn't mean that you need to go into debt to finance a huge party. You can still enjoy the game and the festivities that come with Super Bowl Sunday by finding ways to save money. Or, you can stick the money you would have saved in a high yield savings account.
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