After almost 30 years of managing my finances, or the lack thereof, my absolute favorite way to handle my money is the envelope system. The reason is simple: it works! I can make sure I have enough money to pay my bills, save for the future, and maintain my recordkeeping system. If you need to…
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As you may have seen or heard in the past, an envelope system is a simple but effective way to manage your money. You determine categories for your spending, and what percentage of your income needs to be in each category to pay for your obligations. This works particularly well to make sure you have…
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Have you heard of the envelope system for managing your money? The concept is very simple. You create categories for your spending, such as food, house payment, utilities, etc. Then, you label envelopes with the names of your categories. When you acquire money, you split it into the categories. When the money in the envelope…
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