I got this question recently from a reader, and wanted to share my answer in case any of you are wondering the same thing. Here’s her question:
I was wondering how you manage your budget for extra things that come up. I know you have the Oops section of your budget, but what if you find stuff online that you want to get, or when you spend more than your Oops allows? Also, where in your budget do you account for decorations and accessories for the home? These are the two areas that I struggle with constantly in my own budget and I can never seem to work around it and plan properly.
I think this is a great question!
If I find something I want to buy, here’s what happens:
1. I try to fit the item into a previously-budgeted-for category. So maybe this is Kelsey Personal (clothing) or Kelsey Entertainment (which usually gets spent on iTunes). Those are the two categories that I own myself and can spend how I like, so they come to my mind first. There are also categories for Home Decor, Baby, Rooney Clothing, etc. Eric and I have agreed ahead of time what categories deserve a spot on our budget, so I think (sometimes really, really hard) to see if what I want fits into one of those budgeted categories.