5 responses

  1. Everyday Tips
    June 22, 2010

    Oh, summer is going to kill me for sure. A lot of it is my kids sports camps. Once they get to high school, camps are required where they go to school, and I have shelled out a ton. Not to mention I have to drive a gaggle of girls to a college 2 hours away for a 3 day camp, and pick up on Friday.

    Our entertainment spending in the summer is pretty reasonable as we go to the beach a lot and museums/zoos I have annual passes for. However, I do have to drive, so gas cost and wear-and-tear on my car is going to definitely increase.

  2. Budgeting in the Fun Stuff
    June 22, 2010

    I’m an anal-retentive budgeter, so when I see our expenses creeping up, I usually freak out. I’m getter a little better…

    We do have a small amount of lifestyle inflation budgeted in though…when we get raises, we boost our vacation and fun money “allowances” by whatever feels right.

    For example, when my husband FINALLY gets to sign his new contract for next year, he’ll be earning $4000-$8000 more than he does now per year ($47k-$51k instead of $43k). We’ll probably increase our fun money per month from $125 to $150 and our vacation account from $250 to $275 or $300…especially since we will have no debt other than our mortgage by then.

    I’m fine with controlled lifestyle inflation, lol. :-)

  3. Money Reasons
    June 22, 2010

    @Everyday Tips
    I like the idea of buying an annual pass! I will have to try that idea, Thx!!!

    Your schedule sounds a lot more hectic than mine! I use to laugh at the idea of a soccer/taxi mom, but now after driving my kids to a few of these events, I’ve developed a much deeper respect for the task. Especially finding some of the initial locations!

  4. Money Reasons
    June 22, 2010

    @Budgeting in the Fun Stuff
    I increased my fun money this year, and although I don’t directly track it, my mind passively remembers…

    I’m working on creating a dividend stream that will start to pay for future vacations, but right now I just don’t have enough invested :(

    I would guess that “Controlled Lifestyle Inflation” (nice modification of the phrase by the way, I like it) is good, as long as you still save a decent percentage of the increased raise money than you spend? So maybe save 50% of the increase and use the rest for controlled lifestyle inflation?

    Either way you do it, it sounds like a great plan to me!

Back to top
mobile desktop