I have fallen into a worm hole reading and watching information on cash envelopes. Really, it's a freakin genius idea and I don't know why I haven't been doing this my whole life.
As you all know, I use a personal size Kate Spade Wellesley planner as my wallet. I purchased the above cash envelopes from Little Red Papers on Etsy. These come punched for different size planners as well as unpunched for every day use without a planner.
I figured out my income and broke down my budget for the biweekly period. This will be for the period of April 28th through May 11th. The envelopes come in a set of 6.
My categories are:
Groceries - $200
Household - $30
Gas - $70
Fun/Dates - $100
Eating Out - $50
Misc - $25
This is my first time using the cash envelope system and already after two days I've had a surprising change of heart for my budget ready self. It's true that when you actually have to use the cash you really do give spending money a second chance. For one day alone, I spend $20 in total. This was to purchase chips and dip to have friends over so we weren't going out spending money. I will probably need to give each section a second thought about the amount for the second half of May. Already I feel that household doesn't have enough, but gas is probably a little high. I think I will be able to tweak this in the upcoming weeks to ensure the system is working and working correctly! Please follow me along this journey and let me know what your cash envelope categories are.
Comments
Post a Comment