The Scenario
A concert you would really like to attend is coming up. However, tickets are very expensive. Do you go to the show?
Sam Savings Sam

Savings Sam
"I noticed that I didn't spend all the 'fun' money I budgeted for myself last month, so when I add that amount to what I budgeted for this month, it's enough to purchase a pair of tickets."
Bonnie Balanced Bonnie

Balanced Bonnie
"I have been saving up the money for a pair of tickets for a few months by setting aside what I can afford."
Ian Impulsive Ian

Impulsive Ian
"I maxed my credit card out for a pair of front-row seats, thinking that making the minimum payment will cover the tickets in no time. Little did I know that the high interest rate on my card will lead to my paying twice the tickets' face value in the long run."

 

Part I

It is important to budget for leisure activities. Participating in leisure activities is a wonderful way to reduce stress in our everyday lives. However, some (but not all) leisure activities come at a financial cost.

Leisure Activities

Collectors' items, concert admissions and even how much you choose to play in the lottery or on bingo/casino games all make an impact on your financial bottom line. It is important to account for the cost of these activities, so that they do not negatively affect your financial well-being.

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