A critical element of smart money management is effective budgeting. You must create a detailed and accurate budget, and you must live within the means that you have established in that budget. One common way that people plan ahead for entertainment, dining out and other fun things is by allocating funds to a special account that is used specifically for these purposes. However, many people are unfortunately dismayed by how quickly this money is spent. If you are wondering where all of your fun money is going, take a closer look at these common culprits.