Do All Budgets Run Out Too Soon?
When Les and I started budgeting – it was really hard to stay on budget. We used different budgeting systems and each one seemed to run out of money before the end of the week or month.
There are so many different budgeting systems out there – the envelope system seems to be pretty popular but we didn’t like it because we still ran out of money before the next paycheck. We never did find that magical budget that let us spend money on anything and everything we wanted and still save money and be debt free.
This is me and Les and our experience with the envelope system. The Rock has a striking resemblance to Les – well, that look of shock at least.
Budget for Fun Stuff Slashed!
We were never so overextended on bills and debts that we couldn’t pay them. But without savings, if either of us lost our job or got a big enough pay cut it would be tough to pay the bills and debts. So really, at first we budgeted for bills, debts and savings. As I said in a previous post, there wasn’t much room for ‘discretionary’ expenses (what I called our ‘fun stuff’ budget – I also tried calling it an investment but that didn’t fly). Others may feel differently but I never found setting money aside in an emergency fund as much fun as going to a movie. But the bills are paid on time, the debts are paid down and we have an emergency fund now.
Fun Budget Restored!
After working on the old budget for what seemed like forever, we adjusted the budget and we can finally spend on fun stuff again. But today we don’t spend as much on the fun stuff as we used to. Instead we make more frugal friendly choices for our fun dollars – we wait for those first run movies to come out to a cheaper venue and make our own popcorn. And most importantly, we’re back to buying the soft toilet paper but we buy on sale and with coupons rather than wait til we run out (you might not think soft toilet paper is fun, but I can tell you the scratchy stuff is NOT fun!)
Do you have a ‘Fun Stuff’ budget? Did it get slashed to zero? Or did you slash something else like those pesky credit card payments? Let us know your story!