Comments on: Using My “Envelope System” to Budget Money http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money Wed, 08 May 2013 13:26:47 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Mary Ann http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-18018 Mary Ann Sat, 12 Dec 2009 19:30:22 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-18018 I've struggled trying to use envelopes, recently I started using www.mint.com. This is a free budgeting tool that pulls in activity from my checking account. I only use this to track my monthly "envelope" expense. It sends emails when I'm getting close on my limits. I’ve struggled trying to use envelopes, recently I started using http://www.mint.com. This is a free budgeting tool that pulls in
activity from my checking account. I only
use this to track my monthly “envelope”
expense. It sends emails when I’m getting close on my limits.

]]> By: Jodi http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-17111 Jodi Wed, 18 Nov 2009 22:36:27 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-17111 Firstly thanks for having a budget blog! This year we have Jada financial over haul refinancing out of a fixed loan which gave us 100 a week back, paying off the credit card and cuttin it up! And fine tooth combing our bills and really understanding how much we spend per week. 1) we added up all the bills for the year and made them into a weekl amount we needed to cover The house hold bills including mortgage repayments and petrol. So our pay goes into that account. The "leftover money" is 100 a week so I devise this into thirds one third for us cash a week one third for savings and one third for emergencys like insurance excess, new Tyres car service but I have combined the emergency and saving money together in a interest bearing account where we get 4.95% on the balance at the end ofthe month, if we withdraw that particular month we get 3.5% then it resets to 4.95% the next month 2) the emergency account should have 3 weeks pay in there as a minimum. At the moment we're still saving for that! I think the envelope system is great too it's all about dividing the left over cash and being brutely honest pen on paper all the bills you incurr in a year! You can't be niave you won't need a car service or may néed a trip to hospital! Next year in June marks 1 yr without a credit card (our worst trap we were spending more than we earnt) by then w want to co-controubye to our superannuation and get the government cocontribution of 1.50 for evey dollar we put in :). Jodi, Australia. 3) our family assistance money evey fortnight pays for a groceries for the fortnight and I now shop at a farmers market which saves 100's of dollars compared to the leading supermarkets. Firstly thanks for having a budget blog! This year we have Jada financial over haul refinancing out of a fixed loan which gave us 100 a week back, paying off the credit card and cuttin it up! And fine tooth combing our bills and really understanding how much we spend per week.

1) we added up all the bills for the year and made them into a weekl amount we needed to cover The house hold bills including mortgage repayments and petrol. So our pay goes into that account.
The “leftover money” is 100 a week so I devise this into thirds one third for us cash a week one third for savings and one third for emergencys like insurance excess, new Tyres car service but I have combined the emergency and saving money together in a interest bearing account where we get 4.95% on the balance at the end ofthe month, if we withdraw that particular month we get 3.5% then it resets to 4.95% the next month

2) the emergency account should have 3 weeks pay in there as a minimum. At the moment we’re still saving for that!

I think the envelope system is great too it’s all about dividing the left over cash and being brutely honest pen on paper all the bills you incurr in a year! You can’t be niave you won’t need a car service or may néed a trip to hospital!

Next year in June marks 1 yr without a credit card (our worst trap we were spending more than we earnt) by then w want to co-controubye to our superannuation and get the government cocontribution of 1.50 for evey dollar we put in :) .

Jodi, Australia.

3) our family assistance money evey fortnight pays for a groceries for the fortnight and I now shop at a farmers market which saves 100′s of dollars compared to the leading supermarkets.

]]> By: Kelli Garner http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-15250 Kelli Garner Sat, 26 Sep 2009 02:10:41 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-15250 Thats very good to know... thanks Thats very good to know… thanks

]]> By: Our Actual Budget | Save Green and Live Green! http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-13078 Our Actual Budget | Save Green and Live Green! Wed, 12 Aug 2009 10:47:59 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-13078 [...] use the term loosely, because it’s more of a monthly expenses spreadsheet.  I have shared my envelope system, and that still works pretty well for me.  Thinking about having a real budget where I take into [...] [...] use the term loosely, because it’s more of a monthly expenses spreadsheet.  I have shared my envelope system, and that still works pretty well for me.  Thinking about having a real budget where I take into [...]

]]> By: 23 Basic Budgeting Resources http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-11987 23 Basic Budgeting Resources Wed, 15 Jul 2009 12:39:29 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-11987 [...] Using My “Envelope System” to Budget Money @Ultimate Money Blog Share and Enjoy: [...] [...] Using My “Envelope System” to Budget Money @Ultimate Money Blog Share and Enjoy: [...]

]]> By: Mrs Money http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-7195 Mrs Money Tue, 31 Mar 2009 23:22:35 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-7195 Verona- Thanks for the tip! I'll have to give Quicken a shot! Verona- Thanks for the tip! I’ll have to give Quicken a shot!

]]> By: Verona http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-6966 Verona Sun, 22 Mar 2009 22:59:42 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-6966 I have learned how to use Quicken for budgeting I generally use a debit card and it is easy to record debits with Quicken at the time of the transactions. I use my cell phone and an interent connection to keep track of what is available until payday. This program keeps me reminded of bills that are coming up too,and many other useful features. I find this works for me. I have learned how to use Quicken for budgeting I generally use a debit card and it is easy to record debits with Quicken at the time of the transactions. I use my cell phone and an interent connection to keep track of what is available until payday. This program keeps me reminded of bills that are coming up too,and many other useful features. I find this works for me.

]]> By: Mrs Money http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-818 Mrs Money Mon, 21 Jul 2008 11:07:25 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-818 bkcwilliams- I think it works well for me. Of course, I do need to get better about spending because I have cash, but at least I am not using my debit card as crazily as I used to! :) It all takes time. I think it's great that we use the same system! bkcwilliams- I think it works well for me. Of course, I do need to get better about spending because I have cash, but at least I am not using my debit card as crazily as I used to! :) It all takes time. I think it’s great that we use the same system!

]]> By: bkcwilliams http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money/comment-page-1#comment-785 bkcwilliams Fri, 18 Jul 2008 16:44:22 +0000 http://ultimatemoneyblog.com/using-my-envelope-system-to-budget-money#comment-785 We use the same system, but we take $100 out per week. In theory, the envelope system works, but in reality it could turn out to be a nightmare. A big problem that we have is using the debit card. Now, even fast food places take it, so it makes it so easy. You really need to have the willpower not to use it. Goes back to to old rule: do you NEED it, or do you WANT it. We use the same system, but we take $100 out per week. In theory, the envelope system works, but in reality it could turn out to be a nightmare.

A big problem that we have is using the debit card. Now, even fast food places take it, so it makes it so easy. You really need to have the willpower not to use it.

Goes back to to old rule: do you NEED it, or do you WANT it.

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