Fun Money - Deepstash

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Fun Money

In a 'zero-based' budget, where we are putting every dollar to work for us, we have to put aside some 'fun money', a budget line for our fun activities, like a fancy cappuccino or the new shoes we desire.

Fun Money is not an excuse to be wasteful but a way to stick to your budget.

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MORE IDEAS FROM THE SAME ARTICLE

A budget isn't about restrictions or a speed breaker to your freedom, but a way to plan for your freedom and fun, responsibly.

When you have every aspect of your financial life and goals planned out, you do not feel guilty having a little fun, and the fun budget is your permission t...

Each one of us has different levels of income, debt, and savings goals.

If one is new to budgeting and has limited resources, it is prudent to keep the fun money to a bare minimum. It is also fun to stretch your dollars, getting more for less, using creative ways. For instance, you can buy...

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MORE LIKE THIS

No matter how little or how much money you earn, creating a monthly budget is one of the most important aspects of managing your finances. What gets measured gets managed.

Having a budget doesn't stop you from spending money the way you want it to, but works like a partne...

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  • You have no idea where your money is going.
  • You’re chronically overspending.
  • You’re not saving any money.
  • You struggle to afford the things you really want.
  • You have trouble keeping track of bills.
  • You often face cash flow problems.

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Common budgeting mistakes

  1. Not Tracking Expenses: it's impossible to stick to your budget if you don't know where your money is going.
  2. Buying on Impulse: Impulse buying is expensive. 
  3. Becoming the Victim of Budget Busters.
  4. Being So Frugal It Makes You Miserable: 

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