Trying to get out of debt could cause many people to avoid adding any fun money to their home budgets.
However, totally eliminating the ability to let off some steam could end up adding even more stress to an already difficult situation. In a recent piece for Tennessee’s Knoxville News Sentinel, personal finance advisor Dave Ramsey noted that the key is not spending too much on things like entertainment.
“The key is to make that category very, very small,” Ramsey wrote. “You shouldn’t run around spending money on all kinds of fun stuff when you’re trying to get out of debt.”
There are a number of ways consumers can still enjoy themselves while keeping to a tight budget. Although it is still a bit expensive, movie theaters often offer matinee times, which may be a nice treat once in a while.
Still, there are other, even less-expensive options for enjoying oneself. Chipping in together with friends to have a small barbeque at a home can be a lot cheaper than going out somewhere and can provide the same amount of social interaction.