- What is “fun” money” and why it is important to have it in our budget
- How to do “fun” money the right way
- Why “fun” money is not an allowance
- What the difference is between “fun” money and stopping at the ATM when you are low on cash
- Quote of the week
“Fun” money can be named a lot of different things; blow money, spending me, cash but whatever you call it, it is an important piece to your budget. On today’s lesson we share what “fun” money is and isn’t, discuss its importance in your financial plan, and share the right way to do it.
No matter if you are a spender or a saver, fun money reminds us that it is financially healthy to spend as long as we do it in the confines of our monthly budget.
Also on today’s lesson we start a new segment called the Quote of the week. I’ll be sharing one quote a week that I find inspiring related to our finances. This week’s quote is
“Having the money in the bank does not tell you what you SHOULD do, it tells you what you CAN do.” ~ Jon White
Enjoyed this lesson? If so please consider taking five minutes to leave a review of the show either in Stitcher SmartRadio, or iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes.
You can subscribe to future podcasts through Feedburner, Stitcher SmartRadio, iTunes, or by downloading the iPhone app. Or you may listen to the podcast on the JW’s Financial Coaching Facebook Fan page.
If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me: 1.) Email me at JWFinancialcoaching@gmail.com – Please put “podcast” in the subject line and keep your questions brief so they are readable on air. 2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.
You can find prior editions of the podcast at the podcast archive page.