[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?