We recently moved a bookcase, which freed up some space in our living room. Upon taking a step back, we realized it would make a lovely spot for a lamp and a reading chair, largely due to the inability to see the TV from that location. The thing is, we have many projects (big and small) that we want to undertake this year, which means there’s no budget for a comfy chair.
Enter the reading chair fund. We are savers by nature, and we decided that we can reasonably take some small cash denomination out of each paycheck and wait a year. The idea is that next January, we will have enough cash on hand to buy our chair. It is a way for us to separate out some money to do something small that we simply want. Sometimes I need to be reminded that money is not an enemy, and this envelope of delayed gratification will help.
Caroline Mitchell Carrico 