Monday, June 24, 2013

Fun Funds

So if I had to give just one piece of financial marriage advice it would be "the fun funds." Oh, the fun funds. Regardless of how "one" your souls have become, the fact will always remain that there are some things you will value differently than your spouse, be it a new set of golf clubs, clothes, crafting supplies, or a $400 blender. We know-- we've all been there.



Aaron and I started off our marriage establishing a monthly "allowance" for each of us, and it has been magical. No arguments over who spent what on what. No guilt over buying something for yourself. Here's how it works:




I never felt annoyed when Aaron bought something he valued that I didn't, and I never had to feel guilty buying what I wanted (as long as I had the fun funds saved, of course). At this stage in our lives, the monthly allotments are a little greater each month, but the principle still holds the same and works just as effectively. 

We used to keep track of our funds on a piece of paper on our refrigerator. Now I keep track in an Excel file. You could also use Mint.com (just make sure to have the unused portion roll over) or a googledoc. Just find a system that works for you and keep track.

Do you use a similar system? Would this kind of thing be helpful for you? Start the discussion below in the comments!

7 comments:

  1. This really is such good advice. I wish we wouldn't done this even when we were broker than broke Masters students, even just $5 a month so that we didn't feel so limited.

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  2. Exactly! I think when we started out we just did $15 a month, but we were really disciplined about it and it never seemed restrictive. Actually Aaron was just looking over my shoulder just now and said, "sometimes it seemed restrictive, but that's okay." He really is a big fan of the fun fund in spite of that, though.

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  3. Great idea, I can definitely see this working for a lot of couples. My partner and I are kind of in a difficult situation right now, with him working full-time and me still looking for a job (we moved abroad and it hasn't been easy). He covers most of the expenses, and it's eating me. I believe in maintaining a balance, but right now it's just not possible.

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    1. Thanks for the comment! That definitely sounds tough. Good for you for being willing to move though, that takes guts! We hope you find work soon-- keep us posted!

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  4. Pretty sure I passed this idea along to you when you were getting married, after having learned it from another friend. I am wise beyond my years (or more accurately, marital status).

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    1. You did! I still remember her husband used his to donate to Ron Paul's campaign.

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  5. We have done this since day one of our marriage and it's been a life saver for both of us. Sometimes he'll still roll his eyes about what I spend my money on, but it keeps us both in check without feeling constricted.

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