We are fast approaching my favorite holiday of the year – Halloween! I absolutely love Halloween and seeing how creative people are in their costumes. This year I am going as Captain America. I love going to various costume parties – Boogie Nights, Underdog, and a couple of others- that have always been a lot of fun.
How does this relate to financial stuff? Easy… all these things cost money$$$. Each party has a cost to get in the door plus the cost of drinks. Each party can easily cost $100 and if I go to 3 that is $300. Oops.. I forgot the cost of the costume rental… another $75. So you can see how Halloween quickly becomes really expensive. It is worth it!
So what I did this year was I made sure that I took advantage of the early bird discount of 15% offered by Boogie Nights. I knew I was going to go to their party and when I got the coupon via email I took advantage of it.
What I need to do is set aside a certain amount of money each month for Holidays – Halloween, Christmas, Thanksgiving, Mother’s Day, Father’s Day, 4th of July.. etc. and that way have a dedicated account specifically for these expenses. I could also use the same concept for auto related expenses – a new tire for my truck cost $213.99!
I’m working on this strategy as we speak… I’ll let you know how it goes!