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business Monday 20 June 2022
Millennial Money: Maximize your music festival savings

By DALIA RAMIREZ options to pay for your tick- to fund their music festival
of NerdWallet et. The first is paying for the habits, earning themselves
Attendees of this year’s entire ticket price outright, free tickets and commis-
Coachella music festival which can vary depending sions in the process.
have posted viral videos on when you make your “Create valuable con-
adding up their expenses purchase. Festivals usually tent and the partnerships
from the weekend — with have several “tiers,” start- will come,” says Adriana
costs reaching the thou- ing at the lowest price for Ramos, an Austin, Texas-
sands for flights, hotels, customers with presale ac- based life coach, digital
food, drinks, outfits and cess, and up to hundreds marketing consultant and
rideshares. Plus the ticket, of dollars more for tickets creator of festival blog
which can start around purchased within weeks of VibeWithAde.com. Ramos
$400 for a three-day pass the event. Signing up for has spent years sharing her
to a popular festival like Lol- presale, especially with ex- festival experiences and
lapalooza or Coachella. In this May 26, 2018, file photo, people listen to Michael Franti clusive access from a par- advice, which has helped
Summer music festivals can perform at the BottleRock Napa Valley music festival in Napa, ticipating credit card com- her build a strong platform
be a once-in-a-lifetime ex- Calif. Associated Press pany, can guarantee you with a loyal audience on
perience, but costs can the lowest possible price. her website, YouTube and
easily blow a hole in any PLAN AHEAD FOR HIDDEN Her biggest cost saver, But if you don’t have the Instagram.
budget. If you’ve decided COSTS though, has been purchas- funds to cover an entire Because of her influence,
to take the plunge this sum- If you’re unprepared for ing “investment pieces that ticket at one time, a zero- event organizers and affili-
mer, here are a few ways full days of walking and last years and work with interest payment plan from ated brands have offered
to keep your festival spend- dancing — and strict rules festival rules,” like a back- the event company can Ramos free tickets and
ing in check. on what’s allowed inside pack with a built-in hydra- make the cost more man- the opportunity to make
CHECK OUT CREDIT CARD the festival gates — you tion pack, sturdy shoes ageable. Though it can a commission from her fol-
REWARDS may find yourself paying and a portable charger. cost a small convenience lowers’ ticket purchases
One of the best ways to for unexpected necessities Events can overcharge for fee to pay in installments, in exchange for making
make the most of your including food, water and on-site food ($17 for an or- “it doesn’t feel like as much promotional social media
money at a music festi- transportation. der of chicken tenders at of a financial impact when content. With some events
val is to take advantage Kaitlin Gomez is a nursing Coachella) , water bottles you’re only paying a frac- and brands, you can apply
of credit card rewards for student and avid festival- and even phone charg- tion every month,” says Go- directly to become an affili-
entertainment purchases. goer based in Irvine, Cali- ing access, so coming pre- mez. ate partner.
The right card can get you fornia, attending a multi- pared keeps costs in check. A Coachella ticket, for ex- Individual content creators
cash back on tickets, ac- day music event almost And a note on lodging: ample, can be purchased are a valuable source of
cess to lower-cost presale every month. While some festivals, like for $99 down, with the marketing for large festival
tickets or free add-ons like With her devotion to these Coachella, offer a camp- rest paid at around $44 a brands, so if you’re willing
food and lounge entry. experiences, she’s learned ing option for a price, some month for the next eight to invest the time, interact-
Some can even get you to prepare in advance so do not. So if you need a months. ing with the festival com-
access to exclusive artist she’s not overspending in- hotel, shop around and JOIN THE SOCIAL MEDIA munity online can help you
performances and activi- side the festival. She rec- book early. Airbnbs often COMMUNITY attend more events at a
ties like a Ferris wheel ride. ommends eating before- tack an extra $100 or more Going to a half-dozen fes- reduced cost.
Travel-specific credit cards hand (and drinking, if that’s in fees on top of the book- tivals every year may seem WEIGH YOUR PRIORITIES
can help you save on flights your cup of tea), and car- ing price, so a shared ho- unfeasible, but in this era of Even with credit card re-
and hotels if you’re attend- pooling if possible. Pro tip: tel room may be the most social media, that kind of wards, planning ahead
ing an out-of-town festival, Many festivals have limited cost-effective option. devotion can pay off. Go- and partnering with event
and many offer rewards for free parking available if CHOOSE PAYMENT PLAN mez and thousands of oth- brands, a music festival
car rentals and Uber rides you arrive early enough to OR PRESALE ers have grown and mone- ticket can still be a serious
as well. score a spot. Most festivals offer a few tized their online followings investment.q

Bitcoin inches up above psychological threshold of $20,000

OAKLAND, California (AP) On Sunday, though, the wider turbulence in finan-
— The price of a bitcoin volatile cryptocurrency cial markets. This past week
inched above $20,000 on climbed higher, though it was Wall Street’s worst
Sunday after the broader is still more than 70% be- since 2020, during the ear-
crypto selloff dragged it low its November 2020 all- ly days of the coronavirus
below the significant psy- time high of nearly $69,000. pandemic.
chological threshold a day Many in the industry had Investors are selling off risk-
earlier. believed it would not fall ier assets because central
The price of the world’s under $20,000 again. banks are raising interest
most popular cryptocur- Ethereum, another widely rates to combat quicken-
rency was $20,129.70 as of followed cryptocurrency ing inflation. Higher rates
Sunday afternoon. On Sat- that has been sliding in re- can help bring down infla-
urday, bitcoin had plunged cent weeks, took a similar tion, but they also heighten
as much as 9.7% to less than tumble Saturday to well the chances of a reces-
$18,600 by late afternoon below $1,000 but also re- sion by increasing borrow-
on the East Coast, accord- gained ground Sunday, ing costs for consumers
ing to the cryptocurrency adding nearly 11% to and businesses and push-
news site CoinDesk. At $1,101.81. ing down prices for stocks,
some points during Satur- The cryptocurrency indus- and other investments like An advertisement of Bitcoin, one of the cryptocurrencies, is
day, it was below $18,000. try has seen turmoil amid cryptocurrencies.q displayed on a building in Hong Kong, on Nov. 18, 2021.
Associated Press