Learn to Budget Some Money to Blow

breaking into the bank

photo credit: pasukaru76

It’s not at all unusual to read posts from me about cutting expenses, funding your emergency fund, or saving for retirement.

There’s something else you should do in your quest to live a frugal life:

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Splurge a little.

You read it right.  Periodically, you should spend a bit of money on whatever it is you want – a vacation, a new gadget, new clothes, or whatever your heart desires.

Now, I’m not saying you should put those purchases on a credit card.  No, that would go against everything I preach around here.  Instead, I want you to budget for the splurge.  Set aside a bit of money to just do “whatever” with.

So why would the Northern Cheapskate tell you to spend?  Because all work and no play makes Jack a dull boy!

We need to have a little fun with our money, too, because it enriches our lives and makes all that hard work worthwhile.

The key is to make sure you have done the hard work first.  So make sure you’re making good progress on debt reduction.  Make sure that emergency fund has got you covered.  Make sure you’re being good with your money.

And then, splurge.  With cash. Stash away a few bucks every week. Squirrel away all your spare change, or dump part of a windfall (like that tax refund) into a fund that you can spend on something fun for you and your family.

Set aside some funds to treat yourself now and then and you will find that you become more dedicated to reaching your goals.  Experiencing something new can inspire you to be a better money manager, and can help you figure out what is most important to you.

If all you ever do is cut expenses and work, you’ll burn out.  And splurging when you’re burned out is the most dangerous way to splurge.  That’s when we all start to do really dumb stuff with our money.

Instead, make it a point to budget some money to blow every once in a while.  It makes the road to financial freedom a lot easier to travel.

About Christina Brown

Christina is a wife and mother dedicated to figuring out how to live a simpler, happier life on a budget.


  1. lisa g. says

    It is so refreshing to see a post that addresses this! Rarely do you see a post that addresses actually having “fun” with some of your savings!!! I am totally frugal when it comes to grocery shopping…with the thought that some of the $$ saved will eventually be put toward a mini vacation. I’m also a substitute nurse who was fortunate enough to have just done a 10wk stretch of FT work. It was unexpected, as I usually only work an average of 1 day/wk. As a result, we decided to take a portion of our “extra” money and take our boys to Toronto for a couple of days. We were able to find a decent hotel that included b’fast (we brought our own lunches) and free/discounted tickets to the Toronto Zoo and Ontario Science Center…a fun, educational mini vacation :) And much needed!!!

  2. says

    Thanks, Lisa! I think sometimes people get so caught up in saving EVERY penny, that they fail to realize they can have a little fun and spend some of their hard-earned cash! I’m glad you enjoyed a mini-vacation with your family! You’ll have those fond memories forever!

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