Planning for Fun is… Fun!

Week 3 | Day 14 | GB 101: Budget Bootcamp

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Last week, you exercised your planning muscles. So this week, plan a fun purchase!

We asked Taylor to reflect on what he feels when he plans for a fun purchase. He said,

“It’s a good feeling to wait for that big fun purchase that you’ve planned on for next month. It feels like you have self control when you wait.”

It sounds like, in Taylor’s case, he had an item in mind that he was waiting to purchase in the next month. Having the ability to plan and wait to save up for something requires a lot of self-control, which is an important part of budgeting. And what’s most important is developing the habit of checking our Fun Envelopes before we make any unplanned splurges.

Today’s Assignment

  1. Plan for a fun purchase that’s within your budget. (See Chi-En’s tips for how she decides whether to spend, splurge, or save) Maybe that’s going to get a cup of coffee from your favorite coffee shop, or buying that new book you’ve had your eye on. The key here is to take a look at your budget to make sure there’s enough and then plan your fun expense accordingly.
  2. Build your delayed gratification muscles. Don’t spend just yet, it’s worth the wait!
  3. What are you planning to spend on? Share your ideas in the comments below. And maybe someone else’s idea might inspire you too!

Happy budgeting,

-The Goodbudget Team

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