PFT #85 - Personal Finance Tip of the Week: Purchasing Event Tickets and Parking

Even in times of rising inflation, people seem to be going out and spending money.

This is likely to occur for some time until things are too expensive and we fall into a recession or in stagflation state.

At the moment the world has a handle on Covid and entertainment venues are filling the seats.
So when going to an event, the question is: do you buy your tickets right away or do you wait? If it is a can’t miss, people will pay up.

If you decide to wait, there are many apps out there to buy tickets in the second hand market.
So for the next question: is it better to wait until to purchase tickets right up until the event occurs.

Typically this is a good strategy, but more so when the event is not sold out as venues want to fill their seats.

Recently, I went to a baseball game on Memorial Day weekend and it turned out that it was less expensive to buy the seats at Will Call rather than through an app. This is because the demand was high.

As for sporting events, if the team stinks or you don’t mind showing up after it starts this will save you money.

Another strategy is to search for events straight through the venue as you can find packages that will include parking. We have found this to be advantageous.

We parked close to the building and saved money. There’s nothing like paying $60 bucks to park, right? The bottom line is that there is no right or wrong answer.

As for my wife and I, being spontaneous keeps life interesting - we hop in the car, find an event and we keep some of our money from going to the overpriced ticket brokers.

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