Hubbs and I are Dave Ramsey folks, and part of his Total Money Makeover plan is to establish a Cash Envelope System. In a nutshell, you divide the money you have allotted to cash expenses (food, auto/gas, clothing, etc.) into envelopes. When the envelope is empty, that’s it.
This has been an extremely effective budgeting tool for me because every penny is in it’s proper place. If I overspend, I have to physically remove money from it’s assigned envelope – and I’m tellin’ ya, that hurts. If you’d like a financial makeover, I highly recommend this system!
In case you’re wondering – yes, you can always just use plain envelopes. But I got some pretty scrapbook paper for Christmas, so this year I decided to use a free tutorial by Simple Dimples to make my own. She has a printable template that makes this super-easy!
My favorite feature: it fits nicely into the checkbook pocket of your billfold.