Reply to Fun money

Forum Index » Money and Finances

Reply to "Fun money"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For a 4 person family, what is a good [b]total[/b] amount per person in the family for these [b]altogether[/b]:

A little cash for spending money
School (supplies, field trips, yearbooks, all the extras)
Gifts for others - like choosing a gift for a friend’s birthday
Sports or extracurricular
Gym memberships
Nails, waxing, haircuts
Subscriptions for tv, news, podcast, media 
Home decor (indoor, outdoor)
Clothing

These are all the categories we consider Fun spending money. 
We see money as Income - Needs - saving and investment - Shorter term saving for big things = the rest of it is Fun spending money.

*I know clothing can be needs, but at some point, it’s not.. we have enough to be physically clothed, it’s all frivolous upgrades from here.

—-
I’m actually not looking for you to give me a breakdown of costs per category. I just think.. [b]total[/b].. what’s fair for someone over a whole year or month?

*if typing it out per line helps you total it up, that’s cool

Thank you![/quote]

Is this some kind of sister wives/multi-generational communal living scenario or are you suggesting that teens/young adult dependents would be getting the same amount of “discretionary/fun money” as the adults/breadwinners?[/quote]

No much more simple. We’re a family of 5 and I see a discussion of these number solving multiple questions for us. Your numbers/thought help me think this out.

I don’t want numbers too extravagant (I mean go ahead 1%) or so low that I can tell you are a FIRE miser, and your teenager hates you.[/quote]

How do you expect anyone to give you an appropriate answer without the age of your kids and approximate HHI?

For example, in my opinion: giving a 5 year old $300 a month “fun money” would be wildly inappropriate regardless of your HHI. Giving your 18 year old $300 a month “fun money” could be reasonable if you have a high HHI but would be completely irresponsible if you are struggling to make ends meet. Giving an equal amount of fun money to each family member- children and parents alike, regardless of their age or contribution to the household is just bizarre.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics