One of the biggest myths that I run into financially is the belief that you have to spend lots of money to have fun. I often get this when working with people who are overspending and need help setting up a spending plan. “How will we have fun if we are putting all our extra money towards debt and an emergency fund?” is a question that comes up. The correct answer is that you don’t have to spend lots of money to have fun.
The point is that the amount of money spent does not equal the amount of fun one can have. In fact there are plenty of things that are fun to do that cost little or no money. You can stay in and have a game night with your kids that can last hours. Or instead of going out to dinner with friends, you can have your friends over to your house and have a sit down meal. Better yet, have your friends bring over a dish or two and you won’t feel rushed and will have great conversation! Some of my favorite dates that my wife and I have are where we go to a local park and just walk around for a few hours and talk about life. And those are just a few ideas, I am sure there are plenty of other things you can think of.
Is there anything wrong with spending money on entertainment? No way! But you do not have to spend tons of money to have a good time. The more creative you get, sometimes the more fun you can have. Remember, the best part is the time you get to share with family, friends, or yourself. Just remember that when you are sacrificing with money to reach your financial goals, you can still have fun.
What are some things that you like to do for entertainment that do not break the bank? Please share your ideas below in the comment section.