alk to lots of people about their spending habits I would generally agree that for a lot of people they have a need to just spend money on some “trinket”. They can’t explain it any better than my mother could.

There are books that talk about breaking your pay check into percentages and having different accounts some for the

I have been here and done this far too often. You come in and tell me, “Ward, I just had to have the 50” big screen TV with the bit stereo”. Isn’t it funny how your partner does not see it that way? She figured a nice new $1,000 dress would be a better idea. It is like watching two super powers go at it. Only instead of a struggle to build the most bombs they struggle to see who gets their wants met first.

The results are the same, mutually assured destruction, or MAD. A world gone mad, it is true the only reason our economy works is because we spend everything we got and a little bit more. It is the reason for much of the suffering personally and in relationships. I have worked with singles, couples, and business owners to get their spending and debt habits into a healthier position.

Here are the highlights that can apply to all of us. When I was a child my mother told me she always had a secret account she kept for her mad money. I asked her what that was all about, and she told me that grown ups sometimes need to buy stuff just for the sake of having it. There was no real reason to it, it just was something that had to be done. I now think this is caused by careful marketing and sales pitches.

My mother would sneak some of her paycheck into this account. Now that I am an adult and talk to lots of people about their spending habits I would generally agree that for a lot of people they have a need to just spend money on some “trinket”. They can’t explain it any better than my mother could.

There are books that talk about breaking your pay check into percentages and having different accounts some for the

e to build the most bombs they struggle to see who gets their wants met first.

The results are the same, mutually assured destruction, or MAD. A world gone mad, it is true the only reason our economy works is because we spend everything we got and a little bit more. It is the reason for much of the suffering personally and in relationships. I have worked with singles, couples, and business owners to get their spending and debt habits into a healthier position.

Here are the highlights that can apply to all of us. When I was a child my mother told me she always had a secret account she kept for her mad money. I asked her what that was all about, and she told me that grown ups sometimes need to buy stuff just for the sake of having it. There was no real reason to it, it just was something that had to be done. I now think this is caused by careful marketing and sales pitches.

My mother would sneak some of her paycheck into this account. Now that I am an adult and talk to lots of people about their spending habits I would generally agree that for a lot of people they have a need to just spend money on some “trinket”. They can’t explain it any better than my mother could.

There are books that talk about breaking your pay check into percentages and having different accounts some for the

in relationships. I have worked with singles, couples, and business owners to get their spending and debt habits into a healthier position.

Here are the highlights that can apply to all of us. When I was a child my mother told me she always had a secret account she kept for her mad money. I asked her what that was all about, and she told me that grown ups sometimes need to buy stuff just for the sake of having it. There was no real reason to it, it just was something that had to be done. I now think this is caused by careful marketing and sales pitches.

My mother would sneak some of her paycheck into this account. Now that I am an adult and talk to lots of people about their spending habits I would generally agree that for a lot of people they have a need to just spend money on some “trinket”. They can’t explain it any better than my mother could.

There are books that talk about breaking your pay check into percentages and having different accounts some for the

, and she told me that grown ups sometimes need to buy stuff just for the sake of having it. There was no real reason to it, it just was something that had to be done. I now think this is caused by careful marketing and sales pitches.

My mother would sneak some of her paycheck into this account. Now that I am an adult and talk to lots of people about their spending habits I would generally agree that for a lot of people they have a need to just spend money on some “trinket”. They can’t explain it any better than my mother could.

There are books that talk about breaking your pay check into percentages and having different accounts some for the

alk to lots of people about their spending habits I would generally agree that for a lot of people they have a need to just spend money on some “trinket”. They can’t explain it any better than my mother could.

There are books that talk about breaking your pay check into percentages and having different accounts some for the mad money, bills, retirement, debt reduction, education, and whatever else you can think of. I used this technique for several years and quite liked it. My big problem was I did not spend any money except for just food and bills. I was convinced by a mentor to start spending some mad money and money on entertainment. It was a good idea, I enjoy working a lot more now that I know I will have some fun from it.

You see a lot of it depends on what your financial situation is now. If you have dug yourself into a hole of debt then the mad money account is going to be very small. The pay the bill account is going to be much larger. You need to have a balanced financial picture, when one side of your financial ledger is out of whack you need to correct it. Once your are in a more balanced financial picture you can start to increase your mad money account.

A balanced financial picture can look like this. You have enough money to survive for three months if you stopped earning money today. Most people keep this in a short term deposit, that way it does earn some money or you can use a secure line of credit on your house. Next, you have zero monthly credit card debt. I mean every month you pay all your credit cards debts off. Next, you have some money being set aside for retirement, holidays and mad mo