Binance, What’s a Fun Fund and why Crypto investors use it?
Introducing the fun fund, the guilt-free purse for all your expensive desires.
What is Fun Fund and why everyone needs it
Wondering how to spend money with no mental load? This article will introduce you to the Fun Fund, which will satisfy all your luxuries without any guilt.
Read on to learn why you need a Fun Fund and how to create it on Binance.
What’s the point of life if you don’t have the slightest indulgence? Whether it’s a spa to soothe tense muscles, a shopping spree, a month-long trip to rediscover the beauty of life, or even a go-anywhere cruise away from city life, you’ll be in a few Treat yourself well after months of hard work.
Of course, just as procrastination can lead to guilt, spending money purely for pleasure can affect your mood when you’re having fun, especially when you know how hard it is to make money.
When it comes to how to consume without the psychological burden, we have found a solution.
Here is a grand launch of the Fun Fund, a piggy bank for adults, to help us work hard and have fun.
Creare your Fund fund with Binance
What exactly is Fun Fund?
The concept is very simple – save first, spend later. Remember putting change in a piggy bank as a kid?
Are you excited as it gets fuller and closer to withdrawal day? You can do it again – this time preferably with an adult piggy bank.
For example, if you want to plan a long vacation every year, you can set up a separate savings account for the trip and put in part of your salary every month; if you want to taste the luxury no-menu (omakase) or Michelin-recommended steak once a month, you can also use your Fun funds to do it easily; if you plan to go on a budget-free shopping spree on Black Friday, you can also tap into your Fun funds.
If that’s not enough for you to consider creating a Fun Fund, then read on for other reasons to choose a Fun Fund.
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Fun Fund must-have reasons
1. Avoid energy burnout
When you’re chronically stressed and exhausted, you burn out, eventually causing you to lose motivation and become increasingly inefficient.
It is important to take breaks, decompress and recharge in a timely manner in order to avoid energy burnout.
This allows you to continue sprinting towards your goal for a long time.
Spend the money for leisure and entertainment so you can treat yourself and avoid being overwhelmed.
2. Entertainment without psychological burden
Rest and relaxation is important, but some hobbies can be a burden on your wallet.
Whether your entertainment is traveling, crafting, or collecting, most people can’t enjoy themselves if we play and count expenses.
If you set aside money for entertainment, the situation will definitely be different, and you can decompress properly without having to worry about spending money afterward.
3. Have the power to do whatever you want
Traveling on the go and shopping on a whim can be a lot of fun, but it’s also a lot of money.
To spend a weekend strolling the Côte d’Azur and enjoying a fantastic island getaway, you first need some spare cash.
If you start saving when you’re too busy to spend, your spending power will increase day by day, enough to allow you to let go of yourself in your spare time.
4. Cultivate conscious consumption
“Why do I keep spending so much? Why is my bill so high this month?
Where does all my money go?” We may not have many expensive hobbies, but a few occasional indulgences often add up to staggering sums.
However, when we plan to spend, we begin to consciously compare what we have spent with what we can spend, which gives us a better understanding of our spending habits.
What you didn’t know is that subtracting your daily latte, taxi, and Friday night drink bills is enough to fill your Fun fund this month!
5. Encourage Better Saving Habits
As you pay close attention to the progress of the Fun Fund, you will gain a better understanding of your savings preferences and understand what saving habits you need to develop to fit your lifestyle.
If you don’t have regular savings yet, you can use the Fun Fund as a starting point.
Not only is it flexible and easy to use, but it also requires low investment.
It will reward you at the end of your saving journey and inspire you to keep up with your new saving habit.
How to Create a Fun Fund
Ready to start Fun Fund? Four simple steps to open Fun Fund.
Step 1: Set Goals
Think about the fun things to do.
Visualize the projects that would make you feel relaxed and happy, and write down the cost.
Airfare, lodging, spa massages, art improv shows, wine tastings, music festivals, camping equipment and personal grooming experiences are just some of the many things that the Fun Foundation aims to achieve.
After all, as long as you have the budget, you can have fun! Write down the estimated cost of each project, calculate the total cost, and come up with the Fun Fund’s savings goal.
Be sure to add deadlines to your goals, this will help you get there smoothly. Plus, it’s fun to look forward to rewarding yourself.
Step 2: Decide how to save
Some people prefer “spending subtraction,” reducing unnecessary daily expenses or transferring a portion of their fixed salary to separate savings account each payday.
Others who can’t stick to long-term savings can opt for a monthly cash challenge to make saving more fun.
If you’re already tightening your budget and saving, you can also consider a side business, a high-interest savings account, or passive income that can help you grow your Fun funds faster.
If you want to make money, you can deposit some cash into your Binance Crypto account to buy cryptocurrencies and receive interest on the deposit.
Finally, no matter which way you choose to save, be sure to keep working towards the goals of the Fun Fund.
Step 3: View your Fun Fund
Life is full of surprises that throw your plans down, and there’s always some comfort in taking the time to see how much money you’ve saved in your Fun Fund.
For example, you can make payday a review day so that when you find yourself falling behind on your target, you can transfer some of your paychecks to the Fun Fund.
Step 4: Break the “Piggy Bank”!
When the time comes, you can withdraw some or even all of your money from the fund.
Go shopping, spend it all, or go on a walk-away trip! Take advantage of the Fun Fund that grows while you’re busy, and enjoy the fruits of your labor properly.
Creare your Fund fund with Binance
Ready for Fun (Fund)?
Wanting to have fun and worrying about spending too much money will only ruin all the good moods.
Start creating a Fun Fund now so you’ll never feel guilty about spending money on things you love.
With a little practice, this healthy saving habit allows you to enjoy the good things in life without waiting for your retirement day.
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