Before we get down to business, I’m having a giveaway this week. Read on…
In last week’s post, I included a ridiculous photo of me posing with my beloved Wahl shaver:
Wahl caught wind of our fun and games. Instead of sending me a cease and desist, they sent me a shaver:
However, I already have two Wahl shavers, so I don’t need another. This one deserves to go to a home where it will be used and loved. So, I’m going to give it to one of you. But wait, that’s not all!
Jim, tell the audience what else they’ve won!
Wahl is a great company that makes a fantastic product. Because I like them so much, I’m going to pony up the money for two more. Because I love you.
Here comes the fine print! Come on, you knew that there would be a catch. It’s easy though; just a simple contest…
And when you don’t have clue, go with the Haiku! Yep, that’s right. The Japanese poetry you learned about in 4th grade. Here are the hairy details:
Write a haiku about hair or shaver or dinosaurs (or all of the above). I’ll pick the best three and send each of you a shaver kit. And maybe a dinosaur. Here is an example of a very bad haiku:
Wahl, you’ve never failed,
Twenty years of cheap haircuts,
Shaver, I love you.
Here’s another one for your reading displeasure:
No more fancy hair,
The garage is my salon,
Cutting hair is fun.
Yeah, yeah, those were the opposite of good. I’m no Shakespeare.
But what do you want? This blog is 100% free and your shaver will be too if you win the contest. Leave your haiku in the comments section.
Last week, I asked you about buying local. This got me thinking to how others allocate money for indulgences. I want to know how you do it.
First, we must get to your comments. Here is what you had to say last week:
For me, it’s less about buying local, and more about buying ethical. I want to buy things where workers were treated well — clothing that wasn’t made in sweatshops, coffee that wasn’t grown with child labour, etc.
I like this a lot.
Gwen from Fiery Millennials:
I’m happy to buy local…..to a point. I do like to support my neighbors, but some things just aren’t worth it. I’m about to sign up for a gymnastics based gym close to home ($200/mo unlimited classes) and for a meat CSA share ($100/mo). I’ll be excited to work out and learn new skills AND I’ll be eating free range, grass fed, sustainable, organic local meat products from an area farmer. That being said, I’m still going to order a pack of underwear off Amazon.
Amazon underwear! I’ve never done it myself, but maybe I’ll go for it the next time I need new ones. On the other hand, do I want Bezos to have me by the… Oh, never mind. This is a family blog…
As for beer… I am going to splurge and go to Dark Lord Day this year, which is around $200, which gets you 5 bottles of beer (and a festival too i suppose)
Dark Lord Day! This is a bucket list item for me! Damn, I want to go. It’s pretty ridiculous though to fly to Indiana and then pay $200 to listen to metal and drink beer. To be continued…
Reader Jamie V bought a snowblower local:
We decided to buy our [very first] snowblower from a local
mom’npop shop instead of a big box store because in the increased price (it was only another $30-$50 if I recall correctly), they showed us how to use it, and we’re allowed to bring it in for any future tune-ups/repairs/issues (and we get put to the front of the line for same day service!).
And the Graying Saver bought a bike from a local shop:
A few months after the purchase I brought my bike in for a derailleur adjustment (free tune-ups and adjustments for a year) and worried that the owners were going to give me shit about how dirty the bike was. Instead they told me it made me look like a badass. No one from Amazon has ever told me I looked like a badass after buying something from them.
Money Beagle supports his local hardware store:
I wrote a post last year about how we support a local hardware even though they are a bit more money than the big box store. The thing is, the local shop is right on the way home. The local hardware is also smaller so I can generally find what I want very quickly. Also, they have never failed to be able to help me when I have questions, which is pretty common when I walk in there. All three of these things save me a lot of time, which makes it well worth it to me to support the local shop.
We’re going to keep doing what we’re doing, but in moderation. Mrs. 1500 will keep going to her fancy salon, but only every 9 months. I’ll keep drinking fancy beer, but cut back (thanks Mr. Done By 40 for keeping me honest). Less is more.
Do I feel silly for spending the money? A little. Maybe I shouldn’t because we have a lot. But, should you spend more just because you have more? I don’t think so. If I had a billion dollars, I’d still fly coach. This brings me to the question for this week.
Last week, I tweeted about Mrs. 1500’s expensive haircuts: Jillian from Montana Money Adventures had this to say:
I’ve also cut my own hair for a decade. It takes me two minutes after a shower. But I burn money in other places. Um, hello face creams! This is why we have “fun money” accounts. We both think each other’s personal spending is stupid. =)— Jillian (@mtmoneyadventur) February 19, 2019
Mrs. 1500 and I started thinking about her comment and the idea of having a fun money account…
We’re frugal most of the time. In February, we spent about $3,500. Subtract the mortgage and we spent $2,000. If we paid our house off, we could get by on $30,000 per year. However, there is also a big caveat to our spending. Did you notice the loaded word a couple of sentences back:
…we could get by on $30,000 per year.
Cue the scary music!
In December, we blew $8,000, more than double our normal monthly spending. We were on vacation and burned money on restaurants, rental cars and sloth sanctuaries.
How does one reconcile a mostly frugal life with a month or two of crazy spending? That’s where the fun money account comes in.
A fun money account is one where you set aside money for indulgences including salons, sporting events, vacations, dinosaurs, and sloths. It’s like having a separate box of FU Money on top of your original stack of FU money. The FU Money of FU Money. I like thinking about this money separately:
- The day-to-day stuff is what matters most. These are the core expenses that will determine how long you have to stay at your job. Keep them low by living in a modest home, driving an old car, and eating at home.
- Having a fun money account allows you to focus on the required, core expenses while also setting a limit on luxury spending.
- Fun money gives you a buffer. If your portfolio goes to hell, you can cancel on Mickey Mouse and use your fun money to pay the bills.
This is how we’re going to think about money from now on. At the end of the year, we’ll consider how much we spent on the essentials and how much we spent on dinosaurs and beer. I believe that this will give us a better understanding of our spending.
What do you think
- Do you have a fun money account or do you think this is a stupid idea?
- Do you put spending limits on indulgences?
- Are you in Camp Sloth or Camp Dinosaur?
Don’t forget to leave a Haiku in the comments for a chance to win a fine Wahl shaver!
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