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A3thereal t1_j6iob2s wrote

Reply to comment by weruroverlord95 in Review my budget please by weruroverlord95

>focused on paying off debt right now so the wife and I have cut out "fun" money until then

That's fair, but those additional debt payments should added as a line item as well. I would recommend caution in completely removing 'fun' money from your budget as it makes it difficult to follow your budget. One compromise can easily snowball to the point a budget gets ignored outright. Instead of eliminating consider leaving yourself $50 for a date night to allow the flexibility.

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weruroverlord95 OP t1_j6iopfp wrote

Thanks for that input. That makes total sense. I would imagine burnout after a month or two. Will look into including this on the budget list.

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A3thereal t1_j6iqfb6 wrote

Yeah. There's an excitement to creating a budget, the prospect of financial independence from high-interest debt. A honeymoon period if you will. It fades fast and the reality of adhering to it will hit hard. For some people it's a couple of weeks later, for some it's a few months. It almost always hits though.

Knowing it's in the budget makes it a choice not of whether to follow the budget, but how best to allocate that part of the budget.

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weruroverlord95 OP t1_j6iqphv wrote

Making a plan for every dollar and executing it. I appreciate the feedback, truly!

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