Welcome to week 3 of Budget Bootcamp! You’re almost at the halfway point. To liven up the party, this week we’ll focus on FUN! You heard me right.
According to Taylor, a friend of Goodbudget,
“It’s good to have a budget for fun because everyone needs to have the space for fun!”
We agree! Budgets should give us space to have fun and be creative. Otherwise, they just won’t work, and you’ll see why in today’s assignment.
So, this week, we’ll walk you through creating a Fun Envelope and planning for purchases. We find ourselves constantly updating our budgets and tweaking things to make it work. So do your best to make space for fun, and if you find the budgeted amount doesn’t quite work, you’ll have the chance to change things later.
- Read Chi-En’s reflection on why saying ‘no’ too many times can actually be harmful to our budgets and make it hard to save in the long run.
- Make space for fun. If you don’t have a Fun Envelope or category in your budget yet, make one now. If you’re using Goodbudget alongside this course, be sure to fill your new Envelope so you can start spending from it later in the week. That might mean you need to adjust the budgets of other Envelopes and your Fill to make space for the new one. Note: See how to fill a new Envelope with money.
- Share a story with the group of a time you said ‘no’ to spending too many times, and why that didn’t work for you!
Note for couples: Consider making separate Fun Envelopes for each of you, like Fun: Hers and Fun: His. Because what’s fun for her might not be fun for him!
-The Goodbudget Team