When you’re trying to save money, one of the first things you do is look through your expenses and try to cut unnecessary spending. You’ll pull back on eating out, you’ll think about cutting the cord with the cable company, switch to generic brands for a while, stuff like that. This is the natural impulse, and it is a good impulse. Overall, doing this can save you hundreds, if not thousands, of dollars every year.
But, there’s one area of your spending that you should not cut but you’ll be sorely tempted to. That area is your “blow money”.