Tuesday, August 18, 2009

Adult Allowance

As part of our budget cutting and money saving since I started staying home with the kids, my husband and I have put ourselves on an allowance.

We each get $50 per month to spend however we want, no questions asked.

My husband might buy himself ingredients to brew beer, or treat himself to lunch out at work instead of having leftovers.

I can blow $3 on a Starbucks mocha if I want to, even though it is about the least frugal thing in the world!

We already live quite frugally and have strict grocery and dining out budgets. I know we could cut back on this $100 a month and save even more.

But instead we choose to give ourselves a bit of fun money and enjoy it.

After all, we earn money not just for the future, but for today too. We're responsible with our bills and our savings, and our allowance lets us enjoy today without going crazy on our spending.

It also gives us each some independence with our money. It's nice to get to treat yourself without having to budget, negotiate, prioritize and compromise on every penny!

An allowance isn't just for kids! An adult allowance works for us.

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Carrie said...

Dave Ramsey calls this "blow money." We do it too. Some for each of us, and a pool to use for admission, tickets, etc. for the kid stuff too. Gives a little flexibility for whimsy in the budget without allowing you to screw it up. :-)

Buffie said...

We do this too and it works wonderfully. That way you don't have to feel like you're depriving yourself and you don't have to answer to anyone for what you buy with your personal spending money.

Jessica said...

We do this too and it's great. We each take out cash at the first of the month and are free to spend how we choose. No more him getting after me for getting a pedi or me complaining about whatever he buys. It's great!

The Halbert Home said...

We have done this since we got married 2.5 years ago and it works great for us too!

Christian Frugal Mama said...

We do this, but it always irks me when my husband says "Oh, my allowance!" I always call it personal money. LoL. For some reason, allowance just grates against me!

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