The Importance of Leaving Room in Your Budget for Small Joys | Cleveland Bradley County Teachers Federal Credit Union
If you are like a lot of people, thinking of money decidedly does not bring you joy—and that is OK! There is a lot of stress, compounding interest and other negatives that are typically associated with budgeting and money management, so it is logical that many people do not have positive feelings surrounding this household chore.
While we often think of expenses as the boring things—such as recurring bills, saving for a rainy day and paying off loans—it is important to consider (and prioritize) the expenses that bring you joy, as well. While the extent to which you are able to do this will depend on your overall budget, we have some low-cost tips below to help you think through how you can make this work for you!
How to Make Room in Your Budget for Small Joys
Depending on how your budgeting is set up, you can find room in it for small joys in several different ways. For example, if you are using the popular 50/30/20 budgeting strategy, where 30% goes to wants, part of that 30% would go to the little joys of your choosing!
What Should I Use My “Joy Fund” For?
The process of finding the things that bring you the most joy is a personal one, but there are lots of options you can choose from! Whether you decide to do a weekly spin class or take yourself out for a fancy coffee and an afternoon walk on Fridays, think about something you can do on a regular basis that will enhance your life.
Low-Cost Options to Boost Your Joy
Good news if you’re on a tight budget: Treating yourself does not have to cost a fortune! There are plenty of low-cost options you can choose from to dedicate your joy fund to, such as:
- Buying plants for a small garden
- Hosting a potluck party once a month
- Keeping fresh flowers in your home
- Trying an intricate recipe once a week
- Mailing cards to loved ones on upgraded stationary
- Purchasing new or upgraded supplies for a hobby you love
- Going to a movie theater solo (popcorn optional, but recommended)
If you are interested in starting a joy fund and need a new account to store it in, let us know! Get in touch today to learn more about our checking and savings options.