Here is the account for the last week:
weekly allowance expenses (grocery, eating out, and transportation): $106.5
funds left from the allowance for the “fun funds” account: $120 – $106.5 = $13.5
total fun funds: $103.5
savings from the would-be-expenses (expenses I was tempted to do, but did not): $152
on fun funds
I have this wish to assign my “fun funds” for something really useful. At first I thought I would spend it freely but now I see that is not the case. As a matter of fact, I am so fond of my fun funds that I do not want to spend them at all…..
I know this is not gonna be possible as at one point I will have to have a hair cut, buy myself a dinner, have an unexpected expense here or there, or will need to buy gifts for people more than I budget for. So, it will have to be spent but I keep hoping that at the end of the year, I will have some funds left in that account.
Then, I would like to use it for a good cause. I would like to say that “by saving from my weekly allowance, that is what I have done now”; whether it is helping someone, buying a nice artwork, or paying down my mortgage. I do not know. But I know that I want to see it be useful for a specific and special purpose.
That is why this week I considered opening a second chequing account with my bank. My plan was to use this account only to deposit my fun fund each week and see it grow over time; that would be incredibly motivating. I almost did that and then decided not to; I thought that was an extra layer of complexity in my life; do I really need an additional account to see my fun fund accumulations? No. I am glad I did not open the account as I later realized I would have to keep a minimum balance in the account, or pay a monthly fee.
Peeew… I was lucky. Good job intuition! 🙂