Comments on: Budgeting for Fun

By: Michael Lux

Michael Lux — Wed, 31 Jul 2013 23:37:39 +0000

In reply to Free Money Minute. Yeah, I can really argue that budgeting is fun... but I do think that it is important to put fun in your budget.

By: Free Money Minute

Free Money Minute — Wed, 31 Jul 2013 11:52:27 +0000

I honestly cannot say that budgeting is fun. It is a necessity to stay on the right track financially!

By: Michael Lux

Michael Lux — Thu, 25 Jul 2013 02:13:47 +0000

In reply to GamingYourFinances. 60% savings is very impressive and you make a very good point. The strict budget is definitely not for beginners. It is definitely something you have to work your way towards.

By: GamingYourFinances

GamingYourFinances — Thu, 25 Jul 2013 02:10:11 +0000

Hey Michael! We now have a very strict budget, but it’s something that has evolved over time. We started at a 40% savings rate a few years ago and are now just over 60%. The key was to constantly make small changes that we could sustain. But by making a small change every month we slowly increased our savings rate by a significant amount!

By: Michael Lux

Michael Lux — Wed, 24 Jul 2013 11:15:43 +0000

In reply to Pauline @ Make Money Your Way. That does sound tough. Given how hard your grandpa had to work, I bet he really treasured those comic books.

By: Pauline @ Make Money Your Way

Pauline @ Make Money Your Way — Wed, 24 Jul 2013 01:25:52 +0000

My grandpa raised 7 kids on a military stipend and he always budgeted to the nearest penny. He said by the end of the month he had something like $2 and bought himself a comic book as a reward for staying in budget. I think it helped me try to always want to make more, to avoid being in such a stretch, even though he was still in the black, I have a fear of not having enough.

By: Michael Lux

Michael Lux — Wed, 24 Jul 2013 00:29:48 +0000

In reply to Nick @ AYoungPro.com. Nick, I wish I had your problem. If I didn't give myself a fun category, my budget would fall apart. I think you are in a pretty small minority on that one.

By: Michael Lux

Michael Lux — Wed, 24 Jul 2013 00:29:05 +0000

In reply to monica @MonicaOnMoney. Budgeting can be fun... In my experience, budgeting isn't to much fun at the beginning. However, its definitely worth it.

By: monica @MonicaOnMoney

monica @MonicaOnMoney — Tue, 23 Jul 2013 17:06:06 +0000

Budgeting is fun when you realize how much money you can save!

By: Nick @ AYoungPro.com

Nick @ AYoungPro.com — Tue, 23 Jul 2013 16:01:30 +0000

I am not good at this. 🙂 I budget in a Fun category for my wife to spend each month, but not one for myself.