Will a twenty cover your kid’s typical movie theater outing?
It should comfortably do the job in most cases.
How do I know? Whenever a kid carrying a FamZoo card makes a purchase at a movie theater, the transaction is tagged with a Merchant Category Code (or MCC) of 7832. Assuming kids don’t hit the theater more than once a day, I can tally up all the transactions with an MCC of 7832 in a single day for a given (anonymous) kid to see what the total spend for each visit was. Then I can look across all such visits in a time period to get some interesting aggregate data.
Here’s what I found for June, the peak theater month for FamZoo card carrying kids:
The average spent per theater visit was $19.22.
The percentage of visits requiring a five, ten, twenty dollar bill or more were:
|$5 or less||8.3%|
|$10 or less (but over $5)||19.2%|
|$20 or less (but over $10)||37.8%|
Some other fun facts:
- 15 years old was the average age for kids making a movie theater purchase.
- 91 cents was the minimum purchase made in a visit. Weird, what in the heck can you buy for 91 cents at a movie theater?!
- $81.16 was the maximum spent. Let’s hope some friends were included in that one!
- 62.8% made just one purchase in the theater, presumably because the ticket was on mom/dad, or they stayed away from the snack bar.
- The maximum number of purchases in a visit was 7. Wow. Hungry?!
So, if your kid is figuring movie costs into a discretionary spending budget, $20 sounds like a reasonable round number to use per visit. Or, if you’re funding a one-off excursion, you might state up front that anything over $20 is your kid’s responsibility. (It’s the old premium price rule technique.)
Either way, a twenty should cover your kid’s next theater visit.
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