Basically this means you are giving yourself a set amount of money to spend each week and after you have spent it there should be no more spending. Reader Aaren commented on how she puts $250.00 a month into a separate checking account that is simply for her allowance and gas. There are several other PF bloggers that are trying the allowance system as a way to focus on goals such as saving more and paying off debt.
I want to try to use the allowance system for one month and would love to have some people participate with me so we can hold each other accountable.
I know DD is moving in the beginning of the month and the first weekend of the month is also the 4th of July but lets all see if we can pick an amount for an allowance to give ourselves for the month. Perhaps we can post at the end of every week how we did with spending and what we bought with our allowance. We can update on our blogs how we did each week.