Number three on my list of budget busters is impulse spending. For us, it is always a couple of dollars here, ten dollars there. Not a big deal when you look at it piece by piece, but when you add it all up – budget busted. Our solution (again per Dave’s suggestion) – our own “blow money”.
We budget what is basically an allowance for the grown-ups. You are working hard for your money, you should be able to have a little – right? This really helps to take the heavy burden of “THE BUDGET” off our shoulders. We each have a little play money that we can do with whatever we please and we don’t have to answer to each other about it.
Now, I do say a little because it is. As you are tracking your spending – take note of how much of this impulse spending you are doing – most likely too much. I found this article about what we waste money on very interesting.
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| source: daveramsey.com |
If you are trying to save money, you are most likely going to have to get your coffee at home, and maybe only make one or two stops for a coke. We each have $20 a week for our blow money – cash of course, so that when it’s gone it’s gone. Ya, it’s not a lot, but it’s enough for lunch out with friends, and maybe a coke or two.
Great idea, Denise! Kudos to you for doing the 31 days ~ it would stress me out, but you're doing awesome! 🙂