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Dave Ramsey

Dave Ramsey

Host of "The Dave Ramsey Show" on Fox Business Channel and...

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Scott Bilker

Author and creator of DebtSmart.com

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Liz Pulliam Weston

MSN Money columnist and author

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Got A Tip?


Don't Cut the Fun!


One thing I learned when I started the path to reducing debt was not to cut the fun entirely. When we sit down to make a budget and find we need to cut back, the first place we go is to the entertainment section. Oftentimes, we'll cut it entirely.

But, consider what happens to our self-esteem and motivation when we do that. We limit ourselves to working and paying off debt. There's no reward and we feel like we get nothing for the sacrifices we make.

So, my tip is not to cut the fun. We need it. It clears our head and puts things in perspective. I'm not saying to go hog wild - there's plenty to do for cheap or free. But, I am saying to think outside the box when it comes to your budget. Don't just cut the obvious stuff. Look for ways you can save in each category so that it's not necessary to cut out one altogether.

Shared by Kristy101081 on 9/10/08

That's a great thing to remember. Being frugal and reducing spending doesn't mean we have to stay home all the time!

No matter where I've lived, I've always sought out the free or inexpensive things to do. Films in the park, museums with "pay what you wish" or free admission days, or just having a potluck dinner with friends.

Saving doesn't have to be a burden to your social life! I'd love to hear other people's ideas for cheap fun.

  • By kristen
  • on 9/17/08 10:28 AM EST