Post # 1
We’ve been saving and paying down our debt (student loans) like crazy people lately!!! I have a goal date in mind but would love to reach it much sooner so I’ve been looking at what we can cut. We’ve re-worked so much that we are only left with the “fun” money to re-work, currently we budget $100/month for fun (dinners out, movies, games, etc.) – in my opinion it would be better to put any excess money we have toward saving or debt because once we reach our goal we won’t have to be so strick, Darling Husband says I’m crazy (maybe I am) and that $100 isn’t a lot and doesn’t want to never be able to go out so he’s unwilling to cut that down at all.
So I’m curious, what do you bees typically spend a month for fun??
Post # 3
We probably spend $100 a week on “fun” since we eat out quite a bit.
Post # 4
We each get $20/week to spend on whatever we want. So it’s $160/month.
We’ve paid off right around $40,000 in student loans since we got married last year!
Post # 5
We each get $40/week and then we have $20/week for us to spend together on a meal out.
Granted, this used to be $20/week each.
I’m a saver personality, while Darling Husband is a spender, so I fought tooth and nail against each of us having “fun money” but he made the point that as part of this being a long term plan, we should be able to enjoy ourselves a little bit– not to excess.
I don’t know if we could manage $100/month for both of us. It would be incredibly hard to go back to, and honestly if he has cut this much, this might not be a hill to die on because it’s important that he buy into paying off the debt. If there is no intermediate rewards or benefits for all the cutting back then you might lose his support for all the other cut-backs.
Post # 6
I try to stick around $150/month, but I call it “Miscellaneous”, so I lump in a bunch of things, it encompasses eating out, any nonfood shopping (so wine, clothes, Advil, etc.), non-work related travel (I use public transportation, it adds up quickly).
I’m under it a lot, and it acts as a nice buffer so I don’t feel like I’m totally off track when something comes up that isn’t planned for, like bad news from a dentist (I’m looking at you, cavity!), or if we need to replace an appliance or something.
Post # 7
@cora_123: When do you expect to hit your goal? If it was only a couple more months I may see giving it up just because I was so close to goal but in the long term I think I would use the $100 for fun money just so you stay on track towards your goal and still have a little fun.
We spend probably about $150 a month give or take some months much more. We are in a forgiveness program where our student loans will be forgiven after a certain amount of time working in an area of need so we do not work at paying off the student loans. But we have gotten rid of all other debt with the exception of the mortgage. We are currently just working at saving as much as possible, so someday we can buy a different house or buy my fiance his own clinic.
Post # 8
I allow myself $100/week for going out, wine, morning coffee, whatever.
Post # 9
This month it’s about $140 but it does change monthly depending on what else we’re budgeting around. Last month it was about $95 and before that $120. I’d say it averages $100-$150/month but that’s fun money AND eating out money. We REALLLYYY try to limit when we eat out. It’s a huge waste of money when you’re trying to save.
I also give us $25 each per month to spend on whatever we want each. Just enough so if we want to get a drink or swing by a drive through or buy a magazine, we can do it.
I wouldn’t lower it under what we have now or we wouldn’t be able to stick to it.
Post # 10
Whatever is leftover after I put money in my retirement accounts and savings.