Hopefully you have now freed up 40% of your income. This money is meant for you to enjoy your life, today AND tomorrow (and the day after, and the day after that etc).
The play account is meant to be enjoyed this week, this month. And the goal is to create as many of those experiences in under 20%. So that the other 20% can continue to create even bigger smiles in the future.
So what’s considered play?
- Cafes and restaurants
- All shopping that’s not related to groceries
- Your subscriptions
- Bars and clubs
What’s not considered play
- Any vacation (you’ll see why soon)
Another way of looking at this is that things that fall under play are things or activities that you would be doing daily, weekly, monthly.
Although there is a maximum, I’m sure there are a few of you out there who will think that it’s okay to bring it down to 0. Do not do that to yourself. Even though you will be able to save more money, you will seriously hurt your relationship with friends and your relationship with yourself.
I know because I was depriving myself of play in the past. Even though I was able to buy my condo a few months earlier, I had lost many friends and my grilfriend. I was miserable and honestly, I was subconsciously telling myself that I wasn’t worth the money to be happy.
If you really want to reduce your play, bring it down as low as 10% and always celebrate your achievements.
I write this to you as much as I write this to myself.
Right now I spend about 15% on play, and am definitely a lot happier with the way my life is now.
Anyway, your task today is to see how much of your income is going to play. If you’re under 20%, then you are doing really well! And if you’re not, then brainstorm ways you think you would be able to cut down your expenses. Otherwise it will be a lot harder to live a happier, more fulfilling life in the future.
- how much of your money is going into having fun? Is it under 20%? Is it still over 10%?
- Share with the group how much you’re currently spending on play and what tips you have to have a great time without breaking the bank