Football season is upon us, and for many fans, it’s a time of excitement, camaraderie, and, of course, spending. Whether you’re tailgating at the stadium or hosting a watch party at home, the costs can add up quickly. According to a recent survey by Experian, football fans are expected to spend an average of $743 on football-related expenses this season. At O1ne Mortgage, we understand the importance of managing your finances effectively, especially during such high-spending periods. In this article, we’ll explore the spending habits of football fans and offer tips on how to keep your finances in check.

Football Fans’ Spending Habits

Experian surveyed 847 Americans to understand their football-related spending habits. The survey revealed that most fans plan to spend about the same amount as they did last year, despite the rising costs of attending games and other related expenses. Interestingly, nearly a third of respondents (32%) said they would be spending less this season due to financial pressures such as inflation and high credit card interest rates.

For some fans, the love of the game comes at a high cost. About 21% of respondents anticipate overspending on football this year, with 12% likely to go into debt to finance their football activities. This highlights the need for effective financial management, especially during high-spending seasons.

Impact of Inflation on Football Spending

Although overall inflation has subsided to 3.7% as of August 2023, the cost of attending sporting events has increased by 7.2% over the same period. This has led many fans to reconsider their spending habits. Most fans plan to watch more games at home to save money, while only 14% said rising costs wouldn’t affect their football-related spending.

Additionally, 30% of fans expect to cut back on attending live games, either by purchasing cheaper tickets or forgoing attendance altogether. This shift in spending habits can help fans save money and avoid going into debt.

Tips for Managing Your Football Season Expenses

At O1ne Mortgage, we believe in helping our clients manage their finances effectively. Here are some tips to help you keep your football season expenses in check:

• Create a Budget: Determine how much you can afford to spend on football-related activities and stick to it. This will help you avoid overspending and going into debt.
• Use Cash or Debit Cards: Consider using cash or debit cards for your football expenses to avoid accumulating high-interest credit card debt.
• Watch Games at Home: Hosting a watch party at home can be a cost-effective alternative to attending live games. You can still enjoy the game with friends and family without the high costs of tickets and concessions.
• Look for Deals: Keep an eye out for discounts on tickets, merchandise, and food. Many retailers offer promotions during football season that can help you save money.

How O1ne Mortgage Can Help

At O1ne Mortgage, we’re committed to helping you manage your finances effectively. Whether you’re looking to refinance your home, consolidate debt, or purchase a new home, our team of experts is here to assist you. Contact us today at 213-732-3074 for all your mortgage service needs.

Our personalized approach ensures that you receive the best possible advice and solutions tailored to your unique financial situation. Let us help you achieve your financial goals and enjoy the football season without the stress of financial worries.