Thrifty Mommy » envelope http://www.blisstree.com/thriftymommy Time and Money Saving Tips from Thrifty Mommy Mon, 14 Dec 2009 17:54:42 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Using an Envelope System for Budgeting http://www.blisstree.com/thriftymommy/using-an-envelope-system-for-budgeting/ http://www.blisstree.com/thriftymommy/using-an-envelope-system-for-budgeting/#comments Wed, 25 Mar 2009 12:34:54 +0000 Karen Weideman http://www.blisstree.com/thriftymommy/?p=5608 Post from: Thrifty Mommy

]]> 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 may take a few pay periods to find the right amount for each category.

No Credit Needed has posted a great envelope tutorial on youtube.  Check it out.

Are any of you using the envelope system?

karen-signature-2009

Post from: Thrifty Mommy

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