Super Bowl snacking: Save money by planning ahead
Have your own game plan to save money before this year’s big game.
From 2007 to 2015 it is estimated that consumer spending related to the Super Bowl has nearly doubled - from over eight billion in 2007 to an estimated 14 billion in 2015. CBS Sacramento reports that San Francisco, the 2016 host city expects to spend up to four million dollars just to host the Super Bowl. However, it is fair to say that the city hopes to cash in on the consumer spending associated with this big event. You can avoid contributing too much to the Super Bowl spending by doing a little planning now. Here are a few ways to help you save money on your Super Bowl event.
- First things first: make a plan. Even if it is just in your head, think about what you might like to do and eat on Super Bowl Sunday. Will you invite friends? Will you go out? Will you go over to someone else’s house to watch the big game? Most of the answers will involve eating. Where you watch will effect what you choose to eat.
- Once you have a plan, compare cost options. Should you order out? Should you buy prepared food or prepare it yourself? What are the differences in cost? Will you need some help to prepare food? How much time do you have? Will you need to spend more on your grocery bill in preparation for the game or can your regular grocery budget absorb the blow?
- Now you are ready to hunt for deals. Most grocery stores, restaurants and bars have some specials related to the Super Bowl. Once you are armed with a plan and an idea of how much you can spend, you can search for the best deals. Coupons and specials only save you money if used as part of your planned limits. If the coupon causes you to purchase something that you have not planned, by definition you have added to your list. If you add to your list, you are adding to your bottom line even if it is a “good deal.”
With just a few simple steps, you can save money and keep from becoming a Super Bowl statistic. Enjoy the game even more, knowing that you have not overspent.
Making improvements in your financial situation can be time consuming and difficult. If you have questions, or would like to ask an expert, Michigan State University Extension has access to many resources. Visit the MI Money Health page for more information and answers to your questions including more information about creating a spending plan.