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Festivalue – how to enjoy a summer festival without spending too much

4th May 2018 Published by Amanda Reid

How to enjoy a summer festival without spending too much

The UK’s immensely popular festivals attract to their stages once-in-a-lifetime performances and some of the biggest names in music every year. It’s little wonder the scene continues to go from strength to strength.

The music festival has been a mainstay in the British summer schedule since a boom in popularity in the early 1980s and its soaring status has meant that for many, it’s seen as a replacement for a summer holiday. Music lovers eagerly look forward year-round to the multi-day events, which, actually, don’t cost that much less than an average summer break. So how much are we really spending on this rather pricey weekend away?

What’s the cost of a summer music festival?

You’d be forgiven for thinking you’d need to take out a loan to attend a music festival in 2018. When you factor in ticket prices, food and drink, camping equipment and travel costs, it all adds up to an expensive weekend of fun.

Over the last 10 years, Progressive Money found the price of a ticket alone has risen by 66% and will now set you back an average of £164 for a weekend. This year, five of the UK’s biggest festivals are charging more than £200 for a ticket. This is a staggering increase when compared to 2008, when ticket prices hovered around the £100 mark. A decade ago £155 for Leeds and Reading Festival was the most you’d expect to pay, whereas now a single weekend ticket would cost £205 exclusive of fees.

But what about those added extras? If you’re going through a booking site for tickets, you can expect to pay up to 8% per ticket* for booking fee alone, as well as service charges and postage costs. All this makes for an incredibly expensive ticket price, even when compared to the steep face value. Such an initial outlay can massively eat into your budget for the weekend. That’s not all. Festival-goers need to ensure they have the proper kit to weather the elements while camping in a huge field. A tent, sleeping bag, pillow, airbed or mat – this little lot will set you back an average of £81.60.

So how can you do a summer music festival on a budget?

If you’re keen to attend one of the UK’s many festivals this year, there are ways you can do it without breaking the bank or having to re-mortgage the house. To give you a nudge in the right direction, we’ve taken a look at the clever ways you can keep costs down without compromising on the experience:

  • Buy tickets together. If you’re going with a group of friends, buy all the tickets at the same time. Yes, each one will still carry a booking fee, but you’ll dodge a sizeable chunk of the service charge and extra postage if all the tickets are sent out together.
  • Equipment. An easy one – take care to look after your camping gear and you’ll avoid having to fork out for new equipment each year. However, if you do find yourself needing to buy new, check out second-hand websites and local lists for cheap deals.. Better still, borrow from friends and family.
  • Take your own. This applies to absolutely everything. Food and drink at UK festivals can be extortionate, but most of them will allow you to bring your own. Check out each festival’s rules and policies to find out what you’re allowed to bring.
  • Budget. Draw up a plan and stick to it. Spending while you’re at a festival can quickly spiral out of control without you realising, so set yourself a strict budget before you go. Don’t spend more than you can afford to.
  • Volunteer. Some festivals offer free tickets, providing you’re willing to do a little bit of work in return. You can earn your freebie by working at the bar, clearing up after the event or directing people around the site. This could be a small price to pay to see your favourite bands live and get up close to all the action.
  • Ticket types. You may not have to pay full price – it’s worth looking into. If you’re attending the festival with students, teenagers or children, you may be able to get concession tickets. There are often much cheaper alternatives available and children’s tickets are often free.

 

Follow these top tips for summer savings and you could slash the cost of your festival weekend. That way you’ll remember it for all the right reasons and not have to dread the monthly bank statement coming in. You don’t always have to pay through the roof to have a great summer experience.

*maximum cumulative booking fee for UK’s top five music festivals when booking via official providers.

Category: Saving Tips

Top tips on ways to save money in 2018

22nd March 2018 Published by Amanda Reid

 

 

 

 

 

 

 

 

 

 

It’s the start of a new year and that means it’s a great time to take a fresh look at your finances. If you’ve resolved to be more savvy with your money in 2018 now is the time to get saving.

The first step to saving money

is to take a cold hard look at your incomings and outgoings to make cuts (it often starts with shop-bought lunches) and plan a budget.

Over half of UK households keep a regular budget. Most say it gives them peace of mind about how much they are spending and makes them feel better about life in general.

To get started on your budget, you’ll need to work out how much you spend on:

  • Household bills
  • Living costs
  • Financial products (insurance…)
  • Family and friends (presents…)
  • Travel (car costs, public transport…)
  • Leisure (holidays, sport, restaurants…)

Keep a Track on your spending

 

If you’re spending more than you have coming in, you need to work out where you can cut back.

This could be as easy as making your lunch at home, or cancelling a gym membership you don’t use.

You could also keep a spending diary and keep a note of everything you buy in a month.

Or, if you do most of your spending with a bank card, look at last month’s bank statement and work out where your money is going.

Alternatively, you can set up a budget using a spreadsheet or just write it all down on paper.

Free Apps available 

There are also some great free budgeting apps available and your bank or building society might have an online budgeting tool that takes information directly from your transactions

Haggle on household bills

Haggling might sound daunting but Which? research shows you can save around £725 a year just by questioning the price of your household bills. In October 2017, Which? surveyed more than 2,000 people about their haggling experiences and 58% said they had negotiated sizeable discount. There are also savings to be made on car insurance, home insurance, car breakdown cover, mobile, broadband & pay TV and energy bills.

Automate your savings 

 It’s easy to use all the extra money you free up in your budget on extra treats rather than saving it. But there are more and more ways to get into the savings habit without actually doing much. There are a few free automated savings app that monitors your spending habits, works out what you can afford to save and siphons what you can spare out of your account. So why not check with your bank to see if they have this app facility available.
Get into the cashback habit

If you shop online, you should try to get into the habit of using cashback websites to save every time you make a purchase. When you shop using the many cashback websites available, you can earn a percentage (typically 1%-15%) of what you spend back. Quidco estimates members earn £305 back each year while Top Cashback claims members amass a whopping £356 per year with this simple shopping trick.

Join more loyalty schemes

Loyalty schemes that are free to join are a great way to rack up savings as you spend. Most of us will have supermarket loyalty cards like the Tesco Clubcard or the M&S Sparks card but there are lots more schemes you might not have heard of that can help you build up points that turn into vouchers or give you access to freebies. Asos A-List, The Body Shop Love Your Body, the Nando’s Card, my John Lewis, IKEA Family and Boots Advantage these are just some of the loyalty cards available.

 

Category: Saving Tips
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