5 Ways I’ve Wasted Money On Entertainment – Giveaway Comments28 Comments

samsung-hdtv

Over the years I’ve wasted my share of money
if not more. While my car was one of my biggest splurges, entertainment spending was close behind.

I may have grown up taking advantage of cheap entertainment, I can’t say that trend continued as I got older. Instead, as I got more money in my bank account, the more I justified spending money to keep myself happy.

Here are some specific types of entertainment that I wasted money on:

1) Concerts – I’ve always been really into music, but growing up in a small town did not make for very many opportunities to see live music. So when I moved to Vancouver for college, I was all over checking out all my favorite bands in person.

I’d have to dig out my collection of ticket stubs to know just how many concerts I’ve been to, but I’m pretty sure it’s been at least 20. It’s enough that I’d struggle to list them all anyway.

The only thing that’s saved me is a lack of interest in newer music and not a lot of good concerts coming to town in the last several years.

Not only are concert tickets expensive, but so is drinking at the beer gardens. It may have added up to a lot of money, but it wasn’t a complete waste as those memories will last a lifetime…at least for the concerts that I wasn’t too drunk to remember :)

2) Sporting Events – Since moving to Vancouver after high school I’ve become a bigger and bigger fan of the local sports teams. There’s just something about seeing sports live where you soak up the atmosphere and truly experience the excitement.

Between hockey, football, soccer and even basketball (RIP Vancouver Grizzlies), I can’t imagine how much I’ve spent attending live sports. Sometimes you just don’t really want to know the actual total. There’s no way I’d remember each individual game I’ve been to, but they did provide a high level of entertainment. Some provided only short term memories and others will be remembered for a long time to come.

Again with sports, there is the beer factor which nearly doubles the actual spending. Overpriced stadium beers add up very quickly. I could also include the nights out at pubs watching sports. Then there have been a couple sports road trips – a daytrip down to Seattle to watch Seahawks and a trip down the west coast of the US to catch 4 Canucks road games.

3) Dining Out – We all have to eat, right? But do I need to try half the restaurants in town and order take out or delivery every week? Something tells me that cooking would’ve been far cheaper.

Most of those meals were pretty tasty, but I can’t really justify the cumulative cost for all that food. Those memories disappear by the next day unless it was a particularly good meal.

If I had ever been into proper budgeting, this is one area that would’ve stood out as something that I needed to get under control. Since it’s unnecessary food spending, I do consider it entertainment spending. It was just something to do.

4) Movies – When I was in my teens, my mom owned a video rental store and of course I eventually worked there for several years. So I’ve always been in the habit of watching the latest movies.

In the small town I grew up in, there was only a single movie theater and it had a single screen. That meant that only 1 new movie would be playing each week. That definitely limited how many movies I’d go out to see. Having free access to rental videos might’ve played into that a bit too.

That all changed when I moved to the city. Suddenly there was no free movie hookup and a lot more movies to see at the theater. Back then there seemed to be a lot of big movies that you just had to see in the theater too.

Just going to watch movies wouldn’t be too expensive, but $5 popcorn is just too tempting and who gets $5 popcorn without a $5 drink to wash it down? And maybe $4 candy to balance the salt with some sugar. Make this a weekly outing and it’s not very cheap.

5) Big Screen TV – I made the mistake of investing in a big TV not long before they started dropping in price. So like my car, it lost a lot of value early on.

I don’t really regret getting a big screen TV, but the timing was unfortunate. Because watching sports and movies is a big priority for me, I feel like I’ve gotten good value out of it. At least it makes me less tempted to go to the theater or to live sports. To many people it would seem like a waste to buy such a big TV, but that’s a matter of perspective.

If you’ve always wanted a nice big TV, you’re in luck. I am co-hosting a giveaway where you can win a Samsung UN50EH6000 50-Inch 1080p 120Hz LED HDTV. Looks pretty sweet to me. To enter the contest refer to the rafflecopter widget below.

This contest has been brought to you by QuoteMeAPrice.com, a website I’d be sure to visit if I was looking to sell my structured settlement. Ok maybe I’d need to have a structured settlement for that to be an option. Anyways, good luck in the contest! It runs until the end of May 2013 and is open to everyone.

a Rafflecopter giveaway

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By : Jeremy Biberdorf | 1 May 2013
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28 thoughts on “5 Ways I’ve Wasted Money On Entertainment – Giveaway

  1. John S @ Frugal Rules

    Looks like you and I share some of the same likes Jeremy. I spent my fair share on concerts and sporting events when I was younger. I know what you’re saying about buying a big screen, but it is a matter of perspective like you said. We enjoy our smart tv and we often just watch stuff on it as opposed to spending money to go see events live.

    Reply
    1. Jeremy

      We do have to keep ourselves happy in the end. A nice tv may actually be the smartest purchase I listed since it does save money in other areas. I have cut way back on concerts and sporting events since buying it.

      Reply
  2. The Norwegian Girl

    I used to love going to the movies when I grew up, but now I haven´t been to one for over 2 years.. Mostly because it`s SO freakin` expensive! One movie ticket starts at $21!!! So spending $42 for a movie night at the movietheatre is out of the question!

    Reply
    1. Jeremy

      Wow and I thought movie prices were expensive here. The pricing structure here is to get people in the door at a somewhat reasonable price and then charge obscene prices for food once inside.

      Reply
  3. Grayson @ Debt RoundUp

    I used to burn through a lot of money when I was younger on entertainment. I have done a lot better in the past few years keeping it under control. I have to stop myself sometimes because I just don’t have that much cash to burn.

    Reply
    1. Jeremy

      I’m the same way. I’m still tempted to blow money on the same stuff. This week I had to stop myself from buying Canucks playoff tickets when they went on sale. It was just a habit but I know my bank account is much better off without that expense.

      Reply
    1. Jeremy

      Ooh those dvd collections. I’m glad I never got into collecting those as that can really add up. I’ve just never been into watching a movie more than once. I did waste a fair amount on video games, but since I was picky about which ones I’d play I didn’t let that get out of hand.

      Reply
  4. Mrs. 1500

    When I think back to all the money I blew on entertainment when I was a waitress, I shudder. I saw lots of $8 movies, ate lots of $8 popcorn (where are those $5 movies you speak of?) and drank lots of $6 sodas. I went to many concerts (living 20 minutes from a major venue in a major city makes it super easy to just pop in) and have gone out to many restaurants. I never thought about the money I was spending, because I had to work the next night, and could just make more.

    Imagine what I could have if I had invested all that?

    Reply
    1. Jeremy

      I think we were living a pretty similar lifestyle. When you’ve got money coming in when you’re younger it’s tempting to just spend it all having fun. I definitely spent a lot more when I was living downtown and could just walk to restaurants, sporting events and concerts. Having to take the train to a lot of that stuff is probably a big part of the reason I cut back.

      Reply
    1. Jeremy

      It’s not always small items either. A lot of those things I spend money on was over $100 for a night…a lot more if I was paying for a date too. That adds up a lot quicker than small entertainment expenses.

      Reply
  5. Kim@Eyesonthedollar

    Since we only get to go to a big sporting event or concert about once a year, we do tend to splurge on better seats. It’s something we enjoy, and it’s our entertainment. We do love our big TV, although it isn’t as nice as this one in the giveaway. We hardly go to the theater unless it’s for a Disney movie, so the TV is our movie experience.

    Reply
    1. Jeremy

      I’m a little different with seating. If it’s sports I have no problem being higher up since the view is still good, but for concerts I definitely prefer general admission floor tickets. I can’t really justify how much they charge for good seats for events here.

      Reply
  6. Shannon @ The Heavy Purse

    When you’re young and making money, life is all about entertainment. :) We bought our big screen TV a little too early too. I feel grumpy when I go to the store and see the same TV for half the price. Oh well. Sometimes it pays to be patient and sometimes you give in to your husband. :) We never really went overboard in our entertainment fueled years so I view them as good memories, although it’s possible I drank less beer than you. :D

    Reply
    1. Jeremy

      Yeah my tv is about double what they cost now, but at least it is good quality and will last me many more years. Most consumers wouldn’t have expected pricing to drop so steeply though. I just don’t look at tv prices anymore to spare myself the shame.

      Reply
    1. Jeremy

      That’s some serious dedication. I’ve never flown anywhere specifically for a concert, but I have been tempted to go down to Seattle or California for concerts in the past. I just couldn’t be bothered to organize it and cough up the money.

      Reply
  7. Arnel Ariate

    I’ve never wasted money in movies because I find it too expensive and impractical. Why pay that much when you can always download a movie for free (though I think that’s bad because it’s called pirating)? I am a big film enthusiast although my taste in film is a bit unusual. I don’t go for commercial films because most of them are boring, overdone and can be insulting to one’s intellect and sensibilities. I like artsy films which are dark, weird and disturbing. The darker they are, the more I tend to like them.

    Reply
    1. Jeremy

      That is one way to save money on movies lol. Some commercial movies are pretty lame…like I just don’t get the hype about Iron Man. Movies in general just aren’t as good as they were in the past. You’d think with all the improving effects movies would just keep getting better. Unfortunately too many movies blow their budgets on those effects and 3D filming and forget to create a compelling storyline and script.

      Reply
  8. Evan

    We all are a huge time/money wasters. We can’t live life just like it is. We have to find ways to make our life a bit brighter, happier and interesting. And modern society offers us a chance to entertain. So why would we need life if there were no happy moments like tasting a nice slice of pizza or listening to Red Hot chili papers live? )))

    Reply
    1. Jeremy

      I think the advertisement industry plays a big part in making sure people feel they need those kinds of things to keep themselves happy. I just had some tasty homemade pizza and soon I’ll go for a walk around the park. Cheap or free entertainment can just as enjoyable.

      Reply
  9. Sarah De Diego (Journeys of The Zoo)

    Seeing as I got my husband and I just bought our first tv (we haven’t had one in 12+ years), I’m in need of another one. Can I connect this to my laptop!?

    Great giveaway, so happy that it’s open to Canadians.

    Besos, Sarah
    Blogger at Journeys of The Zoo

    Reply
    1. Jeremy

      I’d assume it can connect to a laptop since pretty much all new tvs can. It’s more of a question what kind of outputs your laptop has. I know when I bought my last laptop that was a major feature I was looking for. That’s crazy that you haven’t has a tv for 12 years.

      Reply
  10. thepotatohead

    I can say my biggest waste of money by far on entertainment had been paying Comcast $100+ a month for cable TV for the past few years. I didn’t even like most of the shows I was watching! Best decision I ever made was to cancel and rid myself of the cable beast. SO much cheap or free entertainment out there.

    Reply
    1. Jeremy

      Most of tv is absolute crap. I only have cable for sports and some shows that my girlfriend watches. If there was a decent way to stream sports, I’d cancel cable in a heartbeat. I can at least say I don’t waste time watching those lousy shows, but it sucks to pay so much just for watching sports.

      Reply
      1. thepotatohead

        Which sports are you a big fan of? Honestly that was what was holding me back at first too. I watched alot of ESPN. Then I realized that in addition to watching it I was also checking it on my phone and laptop on the website. Really your just missing the Thursday and Monday NFL games. College football has a ton of games on the broadcast networks. Basketball is also broadcast on the weekends OTA. Baseball you can get MLBtv.com subscription for $120 a season (you can split that 8 ways btw) Golf is on NBC. Nascar is on FOX. You can also stream a ton of stuff online free (grey area sometimes)

        Basically If I really want to watch a sporting event that I cant get free, saving $1200 a year will buy alot of beer and wings at the bar…Think about it. Plus HGTV and TLC are on Hulu….your GF’s Say Yes to the Dress can still be watched :p

        Reply

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