Fun Money and Etc

 What's Fun Money? It's what we call money you give to yourself, to spend on whatever you want, no questions asked. It is absolutely up to you. Because everyone's situation and priorities are different, that amount is going to vary between person to person. For my own situation, my wife and I get $100/month to do with what we will. Some months it's all spent, other months anything left over will carry to the next month - sometimes I'll want something that's more than $100 - in that case I wait, safe up some money, and then buy it when I can afford it - I don't use credit anymore. I avoid it at all costs.

So here's what our fun money and etc looks like:


I've also Included subscriptions, and listed each as a separate category. You could lump them all in to one category called "streaming", or even include that gym membership and the Amazon Prime Category we had in "True Expenses", but I like to be able so see exactly where the money goes - and I encourage you to do the same.


You'll also notice that nowhere so far have I told you any specific rules about how much money you should be spending on, like the "50/20/20" rule - 50% for needs, 30% for wants and 20% for savings or paying off debt, or any other type of hard and fast rule. The reality is, not everyone's situation will fit into a cookie cutter approach like that. We'll get into how to spend your money in a future post. Right now, let's focus on the next step - putting it all together.


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