After reading one of Anita Bell’s personal finance book I introduced the idea of sanity money to the household. This is an amount of money that is allocated to you personally that you are allowed to do anything you like with. When you first start budgeting and you find it quite restrictive, you may allocate yourself an amount of sanity money that, whilst being restrictive, you can actually live with.
Over the years, my sanity money has dropped down to $10 per week. It seems I have weaned myself off buying things to make myself feel better or feel less deprived. I often don’t spend all of my sanity money and have some ‘carry over’ amounts which build up. Other weeks I blow it all on my addiction, - my signature vanilla latte on skim. The more I space these coffees, however, the more divine they are to sit and sip.
It’s important that you have sanity money, for without it you go mad! You start buying things willy nilly because you are not allowed to. When you are given an amount to simply blow on magazines, lottery tickets, coffee, wine or cigarettes you find you are a little more careful with it.
I keep mine in this ridiculously small old style purse. It reminds me of one my Nanna F had, before the days when you have to carry around 125 different plastic cards. The purse is so tiny I can’t even fit a credit card in it ( he he he I am outwitting myself! ) But it’s MINE! All MINE!!!! ( I say as I rub my hands together evilly) My other ‘sensible’ mother type purse has all the cards, library cards and all the household money for when I am shopping, putting fuel in the car etc.
So tonight I’m taking out my ridiculously small purse and I’m blowin the lot! ( she says now, but will probably be rather conservative when it comes to the crunch) I’m taking my sanity out to a movie with a girlfriend and will probably then paint the town red ( meaning will most likely have a hot chocolate after the movie) so…. Look out…… I’m gonna kick up my heels!