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:
“Per Diem” daily cash budgeting system:
“Splurge” budget and how to stop impulse buying: