March 1, 2013
"Envelope System" Wallet
In order to stick to a budget, we started implementing Dave Ramsey's "Envelope System" into our daily spending. Basically each month you take out allotted amounts of cash for Groceries, Clothes, Entertainment, etc. The system suggests keeping the cash in separate envelopes, this helps prevent over spending in any certain area. We have been doing it for a few months now and it works wonderfully for us! We have been able to stay on budget and SAVE every month. However, after one month my envelopes looked like this... (ripped to shreds).
Here's how mine turned out.
I only made three "envelopes" (tutorial here) since we only take out cash for Groceries, Entertainment, and Kids.