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Toronto has a very lively entertainment life that caters to even the niche interests of its general population. It doesn’t matter if you are a long-time resident or you're visiting as an individual, couple or family with kids, there are just so many fun things to do.
However, with so many entertainment options available, setting a budget will help you enjoy the activities and experiences that matter most to you. In this article, we will show you useful tips and considerations that can help you pick your Toronto entertainment budget properly.
Start by Prioritizing What's Important in Your Budget
Before creating your budget, the first thing is to identify what is most important to you and your loved ones during your visit.
For example, you may be a foodie who wants to have a fun food experience at the latest restaurants. Or maybe you want to spend quality time with your spouse and kids, or host an event with a group of friends.
Whatever it is, make a list of these intended activities to know what exactly you're budgeting on.
Consider Your Style: Luxury or Budget Friendly
Now that you’ve made a list, the next line of action is to define your entertainment style. Do you prefer luxury or simplicity? Either way, you can have an amazing time in Toronto.
However, for those planning an event, their style may depend on the caliber of people or the size of the event. For example, mid-range circus acts in Toronto are more suitable for larger or more formal events while budget friendly circus acts are okay for more casual events.
Do a Proper Research
Research is a very important aspect of creating a realistic entertainment budget. It helps you to discover entertainment options that best suit your preferences. It also helps you to determine all the expenses required for the activities that matter most to you. Here are some important things to look out for while doing your research:
Activities and Excursion
Research on the top fun things you can do as an individual, a couple or as a family. Here are a few examples below:
- You can visit the Hockey Hall of Fame or take a ferry ride around Toronto Island with your spouse.
- If you're with kids, you can take them on a visit to Niagara Falls or go for city sightseeing (Hop-On Hop-Off Bus Tour).
- And if you're alone you can visit the CN Tower, or Art Gallery of Ontario. You can also indulge in online casino games and cash out your winnings using one of the online casino payment methods in Ontario.
- Those planning events can work on visual experiences like Clowning and Juggling for children, Acrobats and Stilt Walkers, or Mid-range Circus Acts for formal events.
Accommodation
If you're working with a low budget, find out the available hostels, budget hotels or home exchange service. On the other hand, if you have a high disposable income you can research the available 5-star hotels and resorts.
Transportation
This aspect is important for those that plan to visit different entertainment districts. Research on transportation involves making enquiries about popular luxury transportation companies like Toronto Limo, street cars or car rental services. It all depends on your preference and budget.
Restaurants
Toronto has a wide variety of restaurants ranging from affordable to luxurious dining. Look out for the best restaurants around the entertainment districts and their cuisine.
Allocate Your Funds Wisely
Once you're done figuring out everything you want and their costs, make a list and allocate funds accordingly. There are different budget methods that you can use to put your plans into action. In this case you can adopt either of the following:
50/30/20 Budget
Divide your list into needs and wants. Necessities like feeding, accommodation, and transport should come first as there would be no entertainment without them. Your wants can come in afterwards. Also set aside some funds for unexpected expenses or emergencies
Envelope Budget
You can apply this method if you often find it difficult to control your spendings. Divide your list into different categories and determine the price for each. Afterward get envelopes the categories and fill each with their respective budgeted amount. Here is an example below:
- Category 1: Food and drink (Amount)
- Category 2: Attractions and show (Amount)
- Category 3: Nightlife (Amount)
- Category 4: Miscellaneous (Amount)
Plan for Unexpected Spendings
In the course of your stay in Toronto, unexpected opportunities or emergencies may arise. Since Toronto is a dynamic city, this is bound to happen. You can prepare for yourself by setting aside emergency funds to take care of such emergencies or last-minute deals.
Final Words
Anyone with the right budget can have a whale of a time in Toronto. By understanding your priorities, doing proper research and allocating funds appropriately you can enjoy your time spent in Toronto both on a low and high budget.
