Enjoy Coffee at Starbucks
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Some personal finance experts love to pick on Starbucks coffee. They say for example, if you give up yuppie coffee and instead put the money into the market then you’ll be a millionaire in 70 years. I have the opposite recommendation - budget fun money for the small pleasures in life that you enjoy!
My wife and I both devised the following plan. Each week we each get an allowance of fun money. This is money that we can spend on lunch, coffee, music, etc. The idea is that we do not need to account to each other exactly how we spend this money. I tend to go out to lunch several times a week, while she uses her money to go out to dinner with friends.
I recommend that you set your budget for fun money based on your income, your budget, and your competing goals. I find that having fun money significantly reduces my desire to buy expensive luxuries.
Another idea to directly help you enjoy Starbucks guilt free is to use Starbucks gift cards. For example, every other month you could purchase a $25 card. The great thing with this system, is that we can enjoy nice things in life with a known impact to the family budget.
Follow your dreams, Achieve your goals!
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