When you’re on a budget, whittling spending on non-essentials matters. But so does the quality of your life. To get a gauge of your own spending, consider that American households (of all sizes) spent an average of $2,625 on food outside home in 2013, according to the latest numbers in the U.S. Bureau of Labor Statistics’ Consumer Expenditure Survey. We also dropped $2,482, on average, on entertainment.
How to balance the need to save with the equally serious need for fun? With planning, creativity and some easily adopted habits. Use your savings to pay down debt or add to your nest egg or emergency fund. Money Talks News founder Stacy Johnson explains how this works in the video below. After watching, come back here for 19 ways to save money while having fun.