Friday, September 7, 2012
One difficult thing about mad money is that we are always trying to convince the other that our intended mad money purchase should really come out of the house fund or the car fund or some other fund. Sometimes this is true, and we work that out. Sometimes it isn't. Our house does not need yet another flashlight. Sorry darlin'. The other downside of mad money is that if you make a mistake, your mad money has to pay for it. For instance, Jed got a speeding ticket the other day, and his mad money fund took a big hit. Bummer.
Mad money is one of the main reasons we are able to stick to our budget. I love that I have the freedom to buy whatever I want as long as I have enough mad money. For a born shopper like me, this is HUGE. I've told y'all before that doing Dave Ramsey's Total Money Makeover and sticking to a budget has been the best thing ever for our marriage. With the budget and our mad money funds, we never fight over money. Ever. You can read more about our financial story here.
Do you have a mad money fund or something similar in your house?