Has the Festive season become a money bleeding season or has it always been frenzy of uncontrollable spending.
Working on a zero budget that every cent must have a place to go to before the month start has created a enormous financial awareness with me. I have always done the big things like " save 30% of my income - 10% for the emergency fund, 10% re-investment fund, 10% savings fund(growth).
As far as the other 70% goes not much thought was given to this section because it was put down to cost of living. Only recently did we realize one can control the amount of water or electricity we use daily. Once we got the hang of saving water and electricity it started to other household items like washing powder and dish washing liquids.
All of a sudden we had some extra left!
But suddenly all the extra were wipe away in uncontrollable spending buying for Uncle... and for so and so that is coming to visit. Don't get me wrong I love seeing friends and family this is after all a time for getting together.
How do you control your the outflow!
Can one budget for the unexpected - Should we add another 10% to the already 30% savings and call it Festive fund or Happy spending fund