Entertainment Budget

Do you know how much you spend on entertainment?  I was not able to answer this question until August of this year.  After analyzing our bills, we noticed we were spending a lot of cash on unnecessary items (Diet Coke here, glass of wine there, dinner out ect).  We needed to change this.  My husband suggested we withdraw a certain amount of cash each month.  We use this money when we buy a soda, rent a movie, go out to eat, buy a bottle of wine and etc.  When the money is gone we stop purchasing  anything we consider to be entertaining.  This small change has helped us in a variety of ways:

1) We save hundreds of dollars each month.  Yes.  I wrote the word “hundreds.”  Go through your bills, the $10 there and $3 here really add up!

2) We are more creative!  We have to think of ways to make our entertainment money stretch, especially if we are invited to go out to dinner with friends.  So, we started hiking, playing games, biking, cooking for each other and walking our dog more.

3) We are probably healthier.  We go out to eat less and hike/bike and walk more.  We already exercise, but active entertainment is an added bonus!  My hubby has even lost a couple of pounds.

What do you think about an entertainment budget?

*This blog reflects the opinion of the author. Please understand that all information or opinions gleaned from this blog are done so at your OWN risk*

8 Comments on “Entertainment Budget”

  1. I am very strict with entertainment. I include the internet and television expenses in the entertainment budget. When I did the math and found we were paying about $5/hour for television (we do not watch it often), the dish became part of the Great American Turn Off in our house.

    I also add some other things into the budget (without changing the amount allotted):
    Games-bought to do instead of going out
    Toys-these are not considered in my holiday budget
    Computer peripherals-I work more than I play, but I still play.

    The best part of the budget is where you said, “When the money is gone we stop purchasing anything we consider to be entertaining.” Regardless of how much money you allow yourself, staying out of the pitfall of “just a little more” will always save you money.

  2. calilee says:

    Wise decision – great job! You can do this with all of the rest of your budget categories, too. You’ll be amazed how much you can save when you know how much you spend!

  3. ihavetriedit says:

    We do have pretty strict budget categories! I look them over like a hawk now that I’m paying bills with my husband 🙂

  4. Janean Bayot says:

    hey, great blog! love it 🙂

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