We actually find this fun, or at least satisfying. You should try it sometime.
A lot of us will also set an amount to be spent for the holidays and other occasions important to us (mom’s birthday, an annual 10k, the Talkeetna Bachelors Auction and Wilderness Woman Competition, whatever).
But how many remember what I call the “milestone gifts” – weddings, graduation, babies, bar mitzvahs and the like?
This could come out of the “entertainment” section of your budget, but if you have a big family and/or a lot of friends then pretty soon you’d have no money left for the movies.
Gift-giving can be a very touchy practice. Is it the right present? Will they thank me but roll their eyes later? Is everyone judging my choice?
And, of course, the biggie: Did I spend enough?