I think every hard working adult should carry around a little pocket money. A small sum of cash tucked into our wallet to spend on whatever we wish. The amount depends on a lot of factors. What amount is reasonable and affordable based on my current budget. What are my current financial goals? Will that amount create a hardship? What is it to be used for?
I know I am a hardworking adult, I don't dispute that. I pay all of my bills first and take care of my savings goals each month so I'm being responsible with my money. Until this year however, I've never given myself an allowance. My kids have had an allowance, but I never have. And I'm not entirely sure why.
My girls are now at an age where they babysit and can get jobs so they no longer get an allowance. In fact, I stopped that last year when their school activities started to get more costly. Now that they are earning their own money I don't feel the need to give them that extra little bit each month and they are fine with that.
This year I decided to change things a bit. Each month I am tucking twenty dollars into my wallet to purchase whatever I wish. Last month I used it to purchase some chocolate bars made with 90% cocoa, only $7 because I had coupons. They are my keto friendly treat and I like to enjoy a square or two with a nice cup of coffee or tea. I also treated the girls and myself to the $1 movie.
This month I added $10 to my remaining money and topped it back up to $20. Not sure what I plan to do with it yet, but I'm sure whatever I use it for I will enjoy my little purchases. It isn't even that I feel the need to spend it. It is just really nice to have.