If you don't allow for a certain amount of mad money for you and your spouse soon resentment will start to set in. Each party will get very frustrated about having to stick to such a strict budget and not having any money for fun. Likewise, even if some money is allocated in the budget for fun, one of the partners may get tired of not being able to spend some money how he or she would like. This special money even allows you to save some money for a larger purchase you may want to make. _ Even if money is extremely tight in your monthly budget, it is highly recommend to allow each spouse a small amount of mad money to help make the budget work. Everyone is more willing to save and track their spending if they are allowed a certain amount of mad money to spend how they wish.
Tip _ Use the Right Worksheets _ When creating a budget it is helpful to use the worksheets that will have all the information you need to make a working budget. These worksheets should include a way to track spending, your repayment of debt, a monthly financial report and a monthly budget worksheet. These worksheets will make it easy for you to see all the information you need to create a working budget and show you expense categories you can adjust to make a balanced budget.