We have all heard the saying "Pay Yourself First" when it comes to creating wealth and a budget. But more importantly than that is to allow for a little mad money for yourself and your spouse. The lack of a little fun money is the number one reason most budgets don't work.
So, what is mad money and why is it so important when creating a budget. First of all, mad money is a certain amount of money that is set aside in the budget for yourself and your spouse. This money can be used by each party for whatever he or she chooses. For instance, if the budget does not allow for a month facial, the woman in the relationship could take her fun money and get a month facial if she so chooses