Now, the word “budget” can make some people cringe. For some, the word puts out a vibe of restriction, lack and boredom. But for those that live on a monthly budget and know its benefits well, they understand that it really provides liberation, abundance and it can be a lot of FUN.
Here are 10 suggestions that can add some FUN into your next (or first) budget session:
1. Put Your Goals Up Front
Before you start each session, remind yourself why you’re doing it. Do you want to pay off debt? Is there a savings goal you’re trying to meet? Do you want to pay off your mortgage early!?
With that goal in mind, you’ll find the drive and excitement in the budgeting process.
2. Pizza, Beer, Wine
When my wife and I were DINKS, we always ordered a pizza for our “Budget Party”. We’d have some wine, beer or a cocktail (my wife is partial to a good Mimosa). This made our get togethers feel more like a party than a meeting. A little buzz and your finances … what could go wrong!?
3. Kids? Take it to the Play Place!
Now that my wife and I have two kids, we have to get more creative with the budgeting process. Just having a couple of hours of free time feels like a party!
One of our favorite parenting hacks lately has been going to a place near our house called Jungle Java. They have a gigantic playscape that allows our kids to run around and work off their kookiness. They also have wi-fi and coffee for Nicole and I do our budget each month. A win for our kids, our finances and our sanity.
4. Sit Outside on a Beautiful Day
When the sun is shining, we go outside to absorb some Vitamin D while soaking in some Vitamin $. (See what I did there?)
Our kids enjoy our backyard, a local playscape or ride their bikes on our driveway while we hash out this month’s numbers. Breathing fresh air and enjoying some rays is an excellent way to bring some fun into the budgeting process.
5. Throw it up on the Big Screen
Let’s say the weather is not so great and you’re hunched over the laptop crunching the numbers … Throw it up on the big screen TV at your house if you have one! This will make you feel like you have a Money Command Center. You can use an HDMI cord or a Google Chromecast to project what’s on your laptop. Easier on the eyes for sure!
6. Coffee Shop Retreat
Another great place to find some excellent wi-fi, caffeine and peace is your local coffee shop. Set yourself up at one of the tables and you and your partner can get rockin’.
7. Play the “If I had a million extra dollars” game
By asking yourself what you would do with an abundance of money, you’re uncovering your true dreams. If your answer is “I would have a lot more free time to relax and not go to work every day”, then you sound like a great candidate for early retirement. You’ve got your reason to budget now!
If you’d want start your own business with the $1,000,000, you’ve just learned that entrepreneurship is a huge priority for you. Yes, you’ll still have to figure out how to get that $1,000,000 (of course), but now you’ve put some clarity on your dreams.
8. Use a Budgeting Tool
If you’re armed with drive and motivation, you’ll be a good budgeter. If you’re also equipped with an online budgeting system, you’ll be a great budgeter. And it’ll be more fun.
Mint has been my steady eddy budgeting tool for the past 5 years. It is FREE, intuitive and it provides extreme clarity to your finances.
YNAB is a more advanced budgeting system that I’m testing out this month. I’ve heard people rave about it so I’m giving it a true test to see what all of the fuss is about.
If you’re not into the online budgeting systems, a simple spreadsheet will do as well. Click here for a free simple budget spreadsheet.
9. Make it a Game
If you’ve set a budget for $600 for this month for groceries, use those budgeting tools to challenge yourself to stick to it. Challenges can be fun! Unleash that competitor inside of you and rock your budget this month.
10. Reward Yourself
Did you hit a milestone like paying off your student loans? Make sure you celebrate those big events! Have some champagne, go out to a nice dinner or invite your loved ones over to celebrate your victory. This is a big deal. You are controlling your money and winning!
Over time, our “Budget Parties” have helped our family to pay off all of our debt, purchase two completely paid-for cars and pay down the mortgage on our $400,000 home to $30k (that sucker will be gone in December!). I can honestly say if we didn’t infuse a little fun into the budget process, I’m not sure we would have stuck with it.
What are your strategies for putting the fun in money management?
Leave a comment below!
— Andy Hill (@AndyHillMKM) April 24, 2017