The Cash Budgeting System

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We’re on a budget that we continually seem to blow – so drastic measures must be taken.

Use cash envelopes to control monthly spending:

Budget each paycheck – down to the last penny

Divide and conquer – create categories like food, gas, clothing, grooming, entertainment

Fill each envelope with cash according to the amount allocated in your budget.

When it’s gone, it’s gone – once you’ve used the cash in your envelope, you’re done in that category. No ATM visits!

Don’t be tempted – don’t touch your debit cards.

Give it time – this system takes a few months to perfect, don’t give up and you’ll see results.

If you don’t want to feel totally deadened by your new system, consider setting up a “splurge” envelope for your impulse buys.

For more info on cash budgeting/envelopes:

http://www.daveramsey.com/article/dave-ramseys-envelope-system/lifeandmoney_budgeting

“Per Diem” daily cash budgeting system:

http://www.getrichslowly.org/blog/2009/04/15/the-per-diem-system-an-easy-way-to-budget-your-spending-money/

“Splurge” budget and how to stop impulse buying:

http://www.wisebread.com/9-simple-ways-to-stop-impulse-buying

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