Entertainment BudgetPosted: November 4, 2011
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*