Using an Envelope System for Budgeting
March 25, 2009 by Karen Weideman
Filed under budget, finances, financial matters
As I’ve mentioned before, my husband and I have attended Dave Ramsey’s Financial Peace University classes at our church. These classes were very beneficial to our finances, as well as our marriage. Finally, we were on the same page financially and were both working toward paying off debt and saving.
One of Dave Ramsey’s tips for budgeting is to use an envelope system. You simply make an envelope for every area spending which can include: groceries, gas, childcare, entertainment/eating out, clothing, and more. The envelope system is a great way to keep you from spending more than you had allotted. It …read more
