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Category: Envelope system

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5 Jul 2019

Envelope system quickstart guide

Heidi CooperEnvelope systemLeave a comment

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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26 Jun 2019

How many categories?

Heidi CooperEnvelope systemLeave a comment

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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25 Jun 2019

My first envelope system

Heidi CooperEnvelope system, Teaching childrenLeave a comment

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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Heidi Cooper
Heidi Cooper

Hello. Welcome to my little corner of the world where I share Biblical and practical ideas for handling money with a wise and generous spirit.

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