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Inspire Happiness in Wealth With Fun Money



Inspire Happiness in Wealth With Fun Money

Photo by Sharon McCutcheon on Unsplash

Whenever you think of money, there might be some feelings of anxiety or heaviness tied to it. You may even get nervous to check your bank account balance near the end of your pay period. If you are constantly biting your nails and wondering how you can find happiness with money, you came to the right place.

You might be one of the 59% of Americans who are living paycheck to paycheck. If this is the case, financial stress may be the norm for you. However, fun money is an essential need that many people should have no matter their budget.

In this guide, we’ll teach you all about the basics of fun money and the different methods of saving for fun money. Whether you live in a five-bedroom house or a studio apartment, everybody deserves happiness and inspiration when it comes to money.

What Is Fun Money?

Fun money is the money that you set aside for, well, fun! Instead of focusing your entire paycheck solely on your needs, you should find a way to budget some money for purely “wants,” as well.

Fun money budgets should keep you on track to meet your long-term financial goals while still allowing you the freedom to spend money at your own leisure.

While it’s common to feel guilty spending your money on things that are only for pure enjoyment, you shouldn’t have to feel this way. Giving yourself a gift of happiness should be a necessity that needs to be normalized.

Fun money budgets work for people because they are financially responsible ways to have fun. Don’t make too many sacrifices in your life—that could eventually take the fun out of everything. While fun money isn’t a permission to blow your whole paycheck on frivolous things, it’s just a smarter way to budget.

Fun Money Cuts Down on Overspending

Overspending: Everybody does it, and we all feel guilty afterwards. But did you know that setting aside a small amount of money on every paycheck will actually help you maintain your mental health?

If you don’t have a budget, or your budget is extremely restrictive, then you are more susceptible to overspending. By restricting yourself and not allowing yourself to spend money on fun, you will eventually break and go overboard. That’s why it’s important to always set aside money for yourself.

It Take the Anxiety Out of Spending

When you think of the word “fun,” the first image that comes to your mind probably isn’t somebody taking a gander at their finances and putting them in order. However, budgeting could be fun if you know how you want to spend your money.

When you’re creating your budget, make sure you look for the light at the end of the tunnel. Allocate some money for your favorite restaurant, or maybe put it into a nest egg to save up for a nice budget-friendly vacation.

Fun Money Prevents Spending Guilt

How many times have you purchased something and immediately felt guilty afterwards? This happens to the best of us. Fun money savings accounts can help take this guilt away from you. Since you know exactly how much money you’re going to spend, it stands to reason that you will be able to feel guilt free when spending money from a specific fund that you created for yourself.

Fun Money Can Help Your Mental Health

As many as 30 percent of Americans struggle with financial anxiety surrounding spending and budgeting. While struggling with this anxiety and guilt is normal, a long-term mindset may damage your mental health.

When you’re constantly focusing on these factors, you will fall into a scarcity mindset. This is when you’re entirely focused on what you don’t have that you forget about what you do have. Remedy your scarcity mindset by spending your hard-earned money. On things you will enjoy.

Budgeting Fun Money Tips

In 2022, it’s difficult to know how and when to create a budget for yourself and the money you want to spend. Here are a few fun money budgeting tips that you can follow:

  • Zero-Based Budgeting: This type of budgeting involves creating an extremely detailed report of your paychecks, spending, and expenses to get an idea of your monthly fun money budget.
  • 50/30/20 Rule: Budgeting with the 50/30/20 rule means that you’ll dedicate 50% of your paycheck to essential purchases, 30% to your wants (or fun money fund), and 20% to your savings. This will help you grow all of your accounts and is a great method for people just starting to budget.
  • Pay Yourself First: This budgeting method is great for people who have financial anxiety and a scarcity mindset. The minute you get your paycheck, you should pay for your necessities, bills, and other essential items. Then, spend the rest of your income on your wants.

Budgeting fun money is a great way to better manage your financial anxiety, your mental health, and can inspire a positive outlook on your everyday life.

Fun Money


David Timm is a writer and editor from Denver, CO. When he’s not working, he’s either reading a great book or trying to write one.

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