Tuesday, October 16, 2012

Money Saving 101: Fun Money

Author: Lindsey


We have been talking about ways to cut spending, save money, how to get more bang for your buck, budgeting and any number of other very important financial wellness topics, but what about money for fun? Fun money can be one of the most important items on your monthly budget. Here are three very important reasons why.

It will help you stay within your budget: When you have money to spend, you will be less likely to dip into your savings or money set aside for bills or other important things. We are not going to stop wanting things or spending money completely, and you shouldn’t! Life is meant to be enjoyed, responsibly. So if you love going out to dinner once a week with your family, make it a point of putting that into your budget.

It will help with stress: The sad truth is money can be stressful! Between emergencies, bills, household and child expenses; where does it all go? Plan for a little stress free fun every month – even if it is putting money aside to go to an early bird showing on a Saturday morning at your local movie theater and not buying snacks.

It will build your bargain hunting skills: When you have ‘fun money’ to spend every month, you naturally are going to want to make it last for as long as possible. Use coupons for dinners or shows, shop around for the perfect sale price on the pair of jeans, buy ingredients to make your favorite meal instead of buying it pre-made – however you want to spend it, make sure you’re spending it the best way possible!

What are some of the things you enjoy doing and have you put them in your budget? 

No comments:

Post a Comment