[oarsinsync]

The point of 'fun money' is that it isn't money that goes into savings. There's money allocated into savings before any 'fun money' allocations. Anything you have in your 'fun money' account isn't part of your savings, and can (and should) be spent guilt free.

This works as an individual as well, and is the mechanism I used to get myself out of debt. The vast majority of my remaining income after essentials went into paying down debt, or into my savings account. A small amount went into a discretionary spending ('fun money') account. Anything I didn't spend that month simply rolled over to the next month. It never went into my savings, and eventually got spent (usually after several months of 'saving' in the 'fun money' account, in order to buy a new phone / other gadget)

[username90]

> The point of 'fun money' is that it isn't money that goes into savings.

This is wrong since they specifically talked about saving their fun money.

[oarsinsync]

> > > > And I do still spend my fun money, I just spend it in larger chunks. She's more likely to spend regularly on things like lunch and events with friends, I'm more likely to save up for a while then buy a new power tool, or rent a cabin for a weekend ski trip.

> > It never went into my savings, and eventually got spent (usually after several months of 'saving' in the 'fun money' account, in order to buy a new phone / other gadget)

> This is wrong since they specifically talked about saving their fun money.

Saving multiple months of fun money to blow on something frivolous should probably not be the same as a savings account. That's not what the article (nor myself, nor I suspect the GGGGP) was talking about. Savings are for long term planning, for long term investments, for large scale purchases. If you need to save >12 months of 'fun money' for a purchase, then this might not be the correct approach for you, as you're right, and that's effectively a savings account at that point.

[soperj]

>That's not what the article (nor myself, nor I suspect the GGGGP) was talking about.

It was exactly what I was talking about actually. I'm not going to blow money period, so I'd end up saving the >12 months of 'fun money' not for a purchase at all.

[loco5niner]

Actually, I suspect oarsinsync was referring to this comment: https://news.ycombinator.com/user?id=ianferrel

Although I could be wrong. GGGGP would point to your comment, while the statement makes more sense applied to the other.

And you are going to be spending the money on a purchase, just not right now.

[soperj]

>And you are going to be spending the money on a purchase, just not right now.

How do you figure?

[loco5niner]

Why would anyone save money, if not to eventually spend it as the need arises?

[loco5niner]

You are wrong because fun money is to be used however you want, whenever you want by the one person. Savings here referring to the couples savings.