James and I set out on our debt snowball adventure thanks to the help from Dave Ramsey 15 months ago! Every day we look at our debt snowball thermometer and feel proud that we are on the right track! But, we can’t help to admit that paying down debt is HARD.
One of the biggest challenges we faced is personal spending. Why? Well, sometimes we cannot agree on priorities. I might think that mascara is a priority and James might think a new pair of baseball pants is a priority. Who decides? Do we need to go on the marriage coach?
We settled our differences by establishing a weekly personal spending allowance; I swear allowance==marital BLISS! Each week we receive $50 allowance for personal spending. We decide independently who, what, when, where, and how we will spend our allowance.
What comes out of our weekly allowance?
Fun activities, happy hour, new clothes, make-up, sports apparel, birthday presents, eating out, coffee, trips, entertainment, and any other non-essential to life item or situation!
Why do we love our weekly allowance?
We are about a million times more creative with our fun & entertainment!
We do not waste money on frivolous, mindless purchases because we can’t afford to!
We appreciate the items we buy for ourselves and other’s soooooooo much more than we did before
We eat healthier because we rarely spend our personal money at a restaurant
We don’t fight about money [95%]
We are more organized with our $$ and our life
We waste less
We have less stress, which equals more room for peace & love
Here's an example of a creative, low-cost FUN!
Candle Light
On the beach
“If you want to feel rich, just count on the things
you have that money can’t buy”
Proverb
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