Comments on: Using an Envelope System for Budgeting

By: Tips for Surviving Unemployment - Part 1 : Thrifty Mommy - Time and Money Saving Tips from Thrifty Mommy

Wed, 13 May 2009 02:28:42 +0000

[...] Using an Envelope System for Budgeting [...]

By: Dave Ramsey on Zero-Based Budgeting : Thrifty Mommy

Dave Ramsey on Zero-Based Budgeting : Thrifty Mommy — Thu, 26 Mar 2009 13:06:08 +0000

[...] I told you about Dave Ramsey’s envelope system which helps budget your money so that you don’t overspend. I’ve been thinking more [...]

By: Elizabeth

Elizabeth — Wed, 25 Mar 2009 16:38:24 +0000

My household uses an electronic version of the envelopes system, because we found it unwieldy to use real, paper envelopes for large sums like the mortgage. I am not affiliated with the company in any way, except as a very satisfied customer, but here is the website: http://www.mvelopes.com. It is not free, but it has proven well worth the investment. The first year we used it, we recouped $8,000 in savings. No joke!

By: Courtney

Courtney — Wed, 25 Mar 2009 16:11:02 +0000

I kind of do that. I pull out a certain amount of cash for groceries and what I call “misc. expenses” each week. The misc expenses include going out to eat, entertainment, etc. We do not spend over the amount taken out and anything left over is put into savings.

By: chis

chis — Wed, 25 Mar 2009 14:46:32 +0000

I do that! Just like shown on the video, using option one – all the money left over goes into savings. All the change is skimmed off to savings. It works great for me!