Do you have any advice about using the envelope system? What kind of budget system works for you?
March 17, 2010
The envelope system: Friend or Foe?
Do you regularly use "the envelope system" of spending cash, or a method similar? I used this system last year...and was completely frustrated with the amount of change and stray money I had strewn throughout my purse. I then began using my debit card for purchases, and didn't have any problems, except that I wasn't really budgeting an allotted amount each month for spending. March has been my "envelope system" re-try. So far I haven't spent more than in my envelopes, though I have been switching money around in envelopes. Much of my "entertainment" money has gone to "food." This causes for a problem with this weekend's entertainment plans.
Do you have any advice about using the envelope system? What kind of budget system works for you?
Do you have any advice about using the envelope system? What kind of budget system works for you?
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I write all my credit card purchases down in my checkbook so I can see all my purchases at a glance. I have to add up all my expenditures if I want to see where I am on my budget, though, so I'm not sure if that's necessarily easier than the envelope system, except that you don't have to have a purse full of spare change and crumpled up envelopes!
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