This year as we have set out to save save save, we still wanted to be able to create a rainy day fund without feeling guilty. We knew our vacation week would be coming up in April, since we weren’t going anywhere we wanted to be able to make it a fun stay-cation. What better way to enjoy a week than by being able to splurge on fun things without having to worry about the extra money we were spending?
Earlier this year we decided to start a vacation fund….with $5. How does that work? Easy! Here’s how…
Neither my husband or I tend to carry very much cash on us, and when we do it almost already feels like it’s spent. The balance is already reflected in our bank account, so any cash happening to be hanging out in our wallets feels like bonus money. We agreed that anytime one of us had a 5 dollar bill, we would put it into the change jar/vacation fund.
Honestly, we didn’t really think it would amount to much, and we were really good about keeping each other honest. Even if it meant that we had a $20 bill, purchased something small, and received $15 back in change…all in $5’s…straight into the jar it went! It was hard to part with at times, but it started to feel like a game.
I received a $20 bill in a christmas card, into the jar it went. Couple extra $1’s hanging out, toss ’em in the jar. The hardest part was not constantly counting how much money we were gathering! It was fun to see the jar start to fill up.
Well, last week was finally vacation week, time to break into the vacation fund!
Over the last few months we had managed to collect over $230 in 5’s! (And a $20 and a few $1’s). Woohoo!
Some of our vacation splurges included taking our nephew to a museum and out to lunch, nice meals out for us, a night away, a Brewery visit and a stop at our favorite bakery.
I definitely think it was worth it, and we are debating whether or not to start it right back up again. How do you create a rainy day fund?