Question of the Day: $3,000 Super Bowl ticket on credit...If you make the minimum payments, how long before this credit card bill is paid off?

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Feb 19, 2018
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Credit Cards, Budgeting, Question of the Day

Answer: 11 Years

The Super Bowl may be a distant memory at this point (especially to Patriots fans) but those credit card bills may be rolling in about now for those who purchased tickets to the big game (average price of $3,000). Did that impulsive purchase to knock another item off your bucket list still feel like a good one? 

Questions:

  1. Considering the cost of this ticket, do you think this is a good idea? Explain your answer.
  2. What big ticket items or once-in-a-lifetime experiences do you think are worth spending money on?
  3. How could you reduce the amount of time required to pay off this credit card bill?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (from MarketWatch):

Bad news for Eagles and Patriots fans who went to the Super Bowl — and put the price of their tickets on their credit cards...if you bought a $3,000 entry-level Super Bowl ticket, it would take 11 years to pay off.

About the Author

Danielle Bautista

Danielle is a native of Southern California and a recent graduate from the University of Maine, where she braved the frigid winters—a feat in and of itself—and earned her Bachelor's degree in International Affairs. She has a passion for working with non-profit organizations and serving populations in underprivileged communities. When Danielle isn't writing NGPF blog posts, spearheading various outreach projects, or managing contests and flash surveys, you can find her doing some sort of outdoor activity, learning a new hobby, or cracking what she thinks are witty puns!