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Irin997
09-05-2008, 12:11 PM
I'm having trouble sticking to a budget. I'm saving money easily enough but I KNOW I'm overspending when it comes to fun/entertainment and groceries. I was thinking the envelope system would work well for me. Give me your best tips and what different envelopes you have and how you do it.

TIA! :banana:

Karenj2
09-05-2008, 02:57 PM
I don't use a physical envelope system, but I thought I'd bump this up to the first page again for you. (I use YNAB Pro - www.youneedabudget.com - it's a budgeting program.)

Olivia'sMom
09-05-2008, 03:10 PM
Gas
Food
Fun
Clothes

X-mas
vacation
misc savings ($50.00)

I get cash out at the beginning of the month and place that amount into the envolope. When I buy food I ony spend out of that envolpe. If I buy clothes and fun I seperate them and have them ring them up seperate. I very rarely go over budget unless I want to. Seeing how fast the cash goes makes me think before I spend.

Good luck

Teresa Pitman
09-05-2008, 03:22 PM
I watch the TV Show "Until Debt Do Us Part" and she uses jars. If I can remember correctly, her categories are:

Food
Transportation
Clothing
Entertainment
Other

She does a budget with fixed expenses (and she considers savings and debt repayments to be fixed expenses) then the jars are used for the variable expenses.

It's a good show, very interesting to learn about the challenges different families face. What I always find interesting is that some of the families have very low incomes and others have really high incomes, but you can get into financial hot water not matter what your income.

Teresa

tonilea
09-05-2008, 03:32 PM
We do:
Groceries - includes paper goods and toiletries
Pets
Gas
Clothing
Car repair
Home Maintence
Entertainment - does not include vacation
Vacation - part of this is in a savings account and part of it goes into the safe.

We portion out the money every paycheck. DH gets paid every other week. I have a spreadsheet with a spending plan based on the minimum amout he makes every two weeks. It self calculates, so I have the income at the top, with the catagories under and when always make sure that every dollar is accounted for - a zero based budget.

I don't particularly like going to the grocery store with cash, but it has really kept our spending under control. If I don't make it to the bank and have to shop using my debit card - I always spend more. Just a little of this and that can add up in a hurry.

tonilea
09-05-2008, 03:33 PM
you can get into financial hot water not matter what your income.

Teresa

Truer words were never spoken.

RN01
09-05-2008, 04:25 PM
We use those "envelope folders" {not really sure what they are called} that fold out and have 7-8 slots in them. We have a slot for anything we would spend money on ex: gifts, hair cuts, dr visits, car repair, food, entertainment, etc. My husband has it all budgeted out on the computer on how much money we spend in each catagory and when we get paid he puts that much cash in each slot. When we have a dr. appt we go to that envelope and get out the money we need. I love it because I know there will always be money there for what I need instead of hoping there's enough at the end of the month for everything like we used to do.

richmond282
09-05-2008, 09:05 PM
Our envelopes (yes, we use actual envelopes) include:

Groceries and toiletries
Eating Out (This is where we tend to go over so, we gave it a seperate
envelope)
Car Maintenance
Medical and Dental
Entertainment

My husband and I each get a set amount of "spending money" too. That can be used for whatever we want.

I have to say the envelopes do keep spending in check. We assess our budget every few months to determine if we need to adjust what goes in each category.

kellia
09-05-2008, 09:10 PM
Do you guys keep all the envelopes with you in your purse (or whatever for guys! ;) ) or just take some before you leave? Also, do you still keep a debit or credit card on you for emergencies? My biggest fear is running out of gas money since I work so far away!

Also, do you take money out of another one if you need it or are you pretty rigid about keeping it in that category? Do you use a calculator in the grocery store as you are adding things in?

We are thinking of doing this, those little trips to the store just seem to cost way too much after adding in impulse buys.

kellia
09-05-2008, 09:14 PM
I watch the TV Show "Until Debt Do Us Part" and she uses jars.

When is this on and what channel?

rluey29
09-05-2008, 09:55 PM
Could someone tell me how to do the spreadsheet on the computer and what program you use?

tonilea
09-05-2008, 11:11 PM
Do you guys keep all the envelopes with you in your purse (or whatever for guys! ;) ) or just take some before you leave? Also, do you still keep a debit or credit card on you for emergencies? My biggest fear is running out of gas money since I work so far away!

Also, do you take money out of another one if you need it or are you pretty rigid about keeping it in that category? Do you use a calculator in the grocery store as you are adding things in?

We are thinking of doing this, those little trips to the store just seem to cost way too much after adding in impulse buys.

I use the basic envelope system that came with our Financial Peace University Class. It is over a year and a half old and is starting to fall apart. I plan to buy one of the deluxe versions. You can get them at www.daveramsey.com - but you certainly don't NEED them. A cheap coupon holder and some index cards would work just as well.

As far as being worried about running out of gas money - the first few months you use the envelope system - take out more cash than you think you will need. Then adjust it as you go.

I do shop with a calculator. It is a PITA, but it works.

Any budget takes time to get it running smoothly. At first, you may find yourself struggling, but just be patient. We have been doing the envelope system for over a year and a half and we are now debt free and it is so easy it only takes a few minutes a week.

We do keep a debit card, but rarely use it. Since we are now debt free, we are a little more relaxed.

tonilea
09-05-2008, 11:13 PM
Could someone tell me how to do the spreadsheet on the computer and what program you use?

I just created my own spread sheet on Microsoft Works. It isn't very complicated - or I wouldn't be able to do it. Back when I was in school we were taught computers on Tandy computers. :rotfl2:

Teresa Pitman
09-06-2008, 07:33 AM
Kella, Til Debt Do Us Part is a Canadian show on the "Slice" network. I don't know if you can get it anywhere in the US. I like it a lot. She works with couples who are stressed out about their finances and over one month, gets them to change what they do, and creates a plan for them to get out of debt and build up savings. Sometimes it means they need to get a part-time job, or sell their home, or make some other fairly drastic changes. Some couples jump right in and do what she asks, others really resist and don't want to make the changes.

At the end, she gives them up to $5000 to help pay down their debts. If they haven't done all the things she asks, they get less money. She also usually gives them a gift - sometimes a trip, sometimes something they need (on one episode, she gave the wife a really high-quality camera because she was trying to build up a side job as a photographer).

Teresa

Olivia'sMom
09-06-2008, 07:37 AM
Do you guys keep all the envelopes with you in your purse (or whatever for guys! ;) ) or just take some before you leave? Also, do you still keep a debit or credit card on you for emergencies? My biggest fear is running out of gas money since I work so far away!

Also, do you take money out of another one if you need it or are you pretty rigid about keeping it in that category? Do you use a calculator in the grocery store as you are adding things in?

We are thinking of doing this, those little trips to the store just seem to cost way too much after adding in impulse buys.


No I never borrow from another envelope. If I don't have the money I don't get it. I carry my food and gas money with me.

I don't use a calculator. We do our big trip once a month and go back weekly for bread and milk. After the big trip I can see how much is left and split it up into the number of weeks that are left, that way I know how much I can spend on "impluse" or special buys. Also for your big trip make a list and stick to it. When I was first starting out I would take my list and go to one store and I would write down the prices of things on my list . Then I would go to the store that I felt was cheaper and do my shopping, but if the other store was cheaper I would wait and buy it there. I know that sounds like I lot of work but the first store was close to work so I would go during lunch. Now I look at the ads and shop at the store that overall cheaper. But buty the special at he others. I hope this helps.

Louisianafive
09-06-2008, 01:35 PM
Do you guys keep all the envelopes with you in your purse (or whatever for guys! ;) ) or just take some before you leave? Also, do you still keep a debit or credit card on you for emergencies? My biggest fear is running out of gas money since I work so far away!

Also, do you take money out of another one if you need it or are you pretty rigid about keeping it in that category? Do you use a calculator in the grocery store as you are adding things in?

We are thinking of doing this, those little trips to the store just seem to cost way too much after adding in impulse buys.

We keep our envelopes at home(in a safe place). We take what we know we are going to need. This systems actually helps you plan just about everything you do! I hate having surprises in a store!:scared:
And yes, a calculator is a MUST when I shop.:thumbsup2

DreadpiratK
09-06-2008, 02:25 PM
Kella, Til Debt Do Us Part is a Canadian show on the "Slice" network. I don't know if you can get it anywhere in the US. I like it a lot. She works with couples who are stressed out about their finances and over one month, gets them to change what they do, and creates a plan for them to get out of debt and build up savings. Sometimes it means they need to get a part-time job, or sell their home, or make some other fairly drastic changes. Some couples jump right in and do what she asks, others really resist and don't want to make the changes.

At the end, she gives them up to $5000 to help pay down their debts. If they haven't done all the things she asks, they get less money. She also usually gives them a gift - sometimes a trip, sometimes something they need (on one episode, she gave the wife a really high-quality camera because she was trying to build up a side job as a photographer).

Teresa

Wow, where doe we sign up???:laughing: :laughing: :laughing:

richmond282
09-06-2008, 02:34 PM
I keep the grocery envelope and eating out envelope in my purse usually. The others are kept at home. When we need $ from those we either take $ out of the envelope or take the envelope.

In terms of gas, we have a gas credit card. It is only used for gas and paid in full every month, no exception. I just don't feel comfortable keeping that much cash on me or at home.

kellia
09-06-2008, 03:02 PM
Thanks! Next week when we both get paid, we are going to take cash out and start doing that!

Irin997
09-06-2008, 03:56 PM
Thanks for the tips guys! I knew I'd need envelopes for gas, groceries, fun/entertainment but I never thought to add one for clothes. Now comes figuring out how much I need in each category! Thanks again!

Mellie2162
09-06-2008, 04:19 PM
I second the using a calculator at the grocery store. I started doing this about a month ago and it really helps me stay on track. Also instead of just wandering around the store as I go, I sort of have an idea what I want for dinners. The first thing I do is go to the meat counter and buy my meats for dinners that week, then I buy the rest of my stuff. It really has saved me from having to make trips to the store in between.

MrsPooh
09-07-2008, 09:03 AM
The envelope system has been working great for us.

At the store I actually keep a notebook and manually add the total as I go, I found that when I used the calculator I would accidently hit a wrong button and lose my total so a handwritten one works better for me.

We do envelopes for everything right now since we are really struggling. I carry the grocery one with me all the time. Dh and I each get a small set amount for ourselves so that is alone in my wallet. I also do one for my daycare (pay a friend cash), one for dr co-pays, one for dh's prescription co-pays, one for clothing, one for occassional eating out, one to save for property taxes, one for gifts, etc....

We do the gasoline a bit differently. We know about how much we will each need for gas each week. I get the cash from the bank and then go to the gas station and have the budgeted amount put onto a gift card for each of us. The gift cards make it easy to pay at the pump and we don't "accidently" spend the money on something else. It also helps because if I know the gift card is empty and I'm running low on gas I'd better stop driving anywhere except required places (school/work) until we get paid again. It has helped me eliminate unnecessary driving.

I love using the envelope system because I know exactly how much there is to spend and I don't have to worry about if it has been spent out of the checkbook before I needed it.

strasfamily
09-07-2008, 10:03 AM
The envelope system has really changed the way we handle our money and I wish we would have done it sooner!

We also use the gift card idea for our gas, but we go to Sams or Costco and put money on one of their cash cards since they don't take cash at their gas pumps.

richmond282
09-07-2008, 01:51 PM
Here is the website we used to help w/ our budget planning.

http://www.crown.org/Tools/

It basically uses a certain % of your salary for each category and then you tweak it from there.

bubba
09-08-2008, 08:25 AM
We started using the envelope system last month and it has been wonderful ! If it's not in the envelope, we can't spend it. Sounds simple, but it made a huge difference for us last month. We have envelopes (actually zippered flat pencil cases from the $ store that we keep in an accordian file) for groceries, gas, entertainment, kids school (field trips, pizza days, etc), and lessons (guitar and swimming). The only issue that has cropped up is the gas thing. DH now will grab $ out of the envelope when he's at a 1/4 tank and fill up then rather than waiting til the empty light comes on. I also keep a general running total in my head when grocery shopping. I'll estimate - 1.25 I'll round down to 1, 3.78 I'll round up to 4 and it all seems to work out. I shop once a week, then end up going back another time each week for milk. I am a definite convert to the envelope system ! I should mention that really the only problem I've had ig getting DH to remember to put the change back in the appropriate envelope !

Chicago526
09-08-2008, 09:32 AM
We don't do the envelope system, but we do track our spending to the penny by using Quicken. We charge just about everything and pay it off at the end of the month. My credit card info downloads straight to Quicken, so every morning I do a download and see what posted overnight, I don't need to wait for the statement in the mail to find out what we've spent, or enter it by hand from a receipt when I get home from a shoping trip. I can then run a report to see what we've spent so far each month for each catagory, and I can instantly see if we are approching our limit for each catagory or if we've still got some money left. Since we pay off the CC every month in full, we are very carefull not to go over, otherwise we'll be short and won't be able to pay the CC in full! The only thing I don't use Quicken for is to make the actual budget, I use Excel for that as I find the Quicken budget builder program dificult to use for some reason.

It works for us because we are pretty disaplined with the CC's, we don't do much in the way of impulse buys. But for somone trying to break the CC habit, I can see how going to strictly cash would be a great way to start to learn how to budget. At the end of the day though, the best system is the system that works for you and that you stick to.

I find the biggest budget busters to be the "once in a while" bills, like yearly car registration. The "once in a while" bills are easy to forget about and when they pop up, they can throw a monkey wrench into the works. When you set up your budget, try and go back in to your bank records for the last 12 months to try and find all those unusual expenses so you can plan for them ahead of time. If you can't go back that far, try to have a decent cushion in savings so you'll have the money (or most of it at least) when those expenses roll around again.

Golf4food
09-08-2008, 10:23 AM
I find the biggest budget busters to be the "once in a while" bills, like yearly car registration. The "once in a while" bills are easy to forget about and when they pop up, they can throw a monkey wrench into the works. When you set up your budget, try and go back in to your bank records for the last 12 months to try and find all those unusual expenses so you can plan for them ahead of time. If you can't go back that far, try to have a decent cushion in savings so you'll have the money (or most of it at least) when those expenses roll around again.

I put all of those items into our budget - so our vehicle registration is about $60 for each vehicle in June so I just have an item for $5 per vehicle ($10 total) added to the amounts I put in our online savings account each month so that after each 12 month period that $120 is saved up and I just transfer the money out of the online account to pay the bill and start over again the following month. This works well for all yearly bills - vehicle registrations, city fees that are billed separately, Disney season passes... ;)

I do all of our budgeting in Excel in a spreadsheet that I have setup basically as an envelope system, I just don't like having cash or carrying cash around.

macaronigal
09-08-2008, 10:26 AM
She is awesome! I read her web-site every day to see what she has to say on her blog. She is super insightful and straight to the point.
We use actual envelopes and take them with us only when we go out shopping, each envelope has a sheet to record how much was spent and thus a running total.
You can go on the website and she explains how to figure out how much money each envelope (jar in her case) gets depending on how much your monthly NET income is and how much your FIXED expenses are.
As for the person who asked about carrying a credit card - I absolutely still do and a debit card too. We don't have a problem with over-spending and were not in debt when we started this, it was a way to be more conscious of our spending and to force us to put more away. I don't want to find myself being towed to a repair shop with no way to pay for anything!!
Good luck to everyone who is thinking of doing the envelope system - you are on the right track!:goodvibes

Irin997
09-17-2008, 07:37 AM
Ok, so I wanted to post that I've been doing the envelope system for about a week or so now and it is going ok. However, there have been a few "surprise" expenses that I've had to use my debit card for like a program for one of my college classes. But one thing I'm really trying to stay under budget for is groceries and household items.

BTW, I LOVE the idea of the zippered pencil cases. Esp since they are on clearance at Target right now! Maybe I'll go check today!

Anyway, I went grocery shopping with DD7 and gave her the task on entering all prices into the calculator for me. She LOVED it!! She always wants to help at the store so this was perfect for her.

Basically I just kind of need to tweak how much to pull out of the ATM every pay period and how much to allot into each envelope (and how I want to divy up the system).

Currently I have three envelopes: groceries/household (includes grocery store and Target purchases, etc), gas, and entertainment/clothes/fun/misc. I will probably add a kid's school one (great idea cause those things add up....pizza money, field trips, teacher gifts. I'm also thinking of adding a kid's Bday present one for all of those birthday parties we have to go to.

bubba
09-17-2008, 07:48 AM
Irin997 - Way to go ! Good for you for getting started. We've found the first month or so was our time to work the 'bugs' out of the system. It's amazing the expenses that crop up that you didn't think about when you first sat down to create your budget. I have tentatively included kids bday party gifts in the 'Kids' envelope. Not sure how this is going to work out - We started the budget in August and around here there are few parties during the summer. We still put our $ in the envelope last month though, so we have 2 months budgeted kids money in the envelope in time for school starting (and pizza days, field trips, birthday parties ...) I think I'm babbling - apparently I haven't had enough caffeine yet this morning ! I'll come back later and read this and cringe seeing how little sense I made ! Have a great day everybody !

Piglet843
09-17-2008, 11:19 AM
I've been interested in doing this but I have some concerns.
When you say you store these in a "safe" place - where might that be?
My neighborhood and even the whole city has been attacked by daytime robberies lately and frankly its scary. I'd hate to know that a month's budget worth of cash was stolen along with all my valuables.
You've seen the show "It Takes a Thief" - they know where your "secret hiding places" are.
Does anyone have any ideas about maybe a virtual envelope system or something a little more secure than a bunch of cash laying around the house in envelopes?
I'm sorry I just don't trust that....

Karenj2
09-17-2008, 11:27 AM
I posted earlier in this post about the budgeting program I use, which basically is a virtual envelope system. It's called YNAB (www.youneedabudget.com)

In fact, if you do a search on YNAB on the budget board forums, you'll probably see my billion postings about it - I love that program!!

bubba
09-17-2008, 11:34 AM
Piglet 843 - If you're concerned about security and don;t want to keep the cash in the house, you may need to be a little more disciplined as you'll be using debit cards or credit cards. How about creating a spreadsheet, or even just use paper and pencil to breakdown how much you have to spend on the 'envelope' categories each month. For example, I would use 1 page per category, note the category and monthly budget at the top. Then, each time you make a purchase in those categories, note the total on the receipt and the remaining budgeted amount. For example, you have a $500 grocery budget. A trip to the grocery store costs you $115. Note the $115, do the subtraction and note that you have $385 left. If you do a running total, are disciplined about writing everything down and don't get carried away with the spending (I find it easier to overspend with my debit card as opposed to using cash) you can do it ! Also, don't forget if you use a credit card to pay for groceries or gas, pay the bill in full when it comes in from the budget $ you have in your account. (Boy, I hope this makes sense !)
Good luck !

Irin997
09-17-2008, 11:58 AM
Actually my purse is big enough so I carry the envelopes around with me. Granted, they are not super full either, but I don't want to get stuck without cash when I'm out of the house. Of course I could always just whip out my debit card but the point is not to do that!

Shmily1
09-17-2008, 02:01 PM
I want to start doing this next week when I get paid so I am concentrating on what envelopes I need and how much to put in each one. I also have to figure out what to do about DS18 and DD17. DS goes to college and will need spending money, gas, extra food, etc. It's his first year so we are still figuring out the spending thing. DD is a senior in HS and she needs food money, gas, all the senior expenses, not to mention the senior cruise, etc. Any ideas? How do you go about figuring out how much for each envelope?

Irin997
09-17-2008, 03:46 PM
I want to start doing this next week when I get paid so I am concentrating on what envelopes I need and how much to put in each one. I also have to figure out what to do about DS18 and DD17. DS goes to college and will need spending money, gas, extra food, etc. It's his first year so we are still figuring out the spending thing. DD is a senior in HS and she needs food money, gas, all the senior expenses, not to mention the senior cruise, etc. Any ideas? How do you go about figuring out how much for each envelope?

From my initial experiences you have to figure out not necessarily how much you NEED but how much you WANT to spend. For example, my budget is very small so my per pay period take out of the ATM is $140. I have $60 for groceries/household, $60 for gas, $20 for entertainment/misc. I will be adding a kids school expenses envelope and am considering a small maybe $5 for birthdays envelope.

I knew that I wanted to CUT my grocery bill. I figured out how much I was currently spending and how much I'd rather be spending. So I'm trying out $60 for a two week period. So far so good. I spent $35 at the grocery store on Sunday. After this we'll just need staples like milk and bread until I get paid again.

Same thing with gas. This amount will probably have to go up though....we'll see how it all works out though.

Etc, etc.

If you find you need to add envelopes, as I have found, add them in and allot a certain amount you want to put in there every pay period or every month (however you're doing it). If you need to adjust it next time, do so!

In your case, give your college student a budget and make him stick to it. See how he does and try and get him to keep track of what he is actually spending him money on. If he is spending it on the right things that's great but if he is spending it on frivilous items, then that's another story.

Keep us posted!

tonilea
09-17-2008, 04:25 PM
I've been interested in doing this but I have some concerns.
When you say you store these in a "safe" place - where might that be?
My neighborhood and even the whole city has been attacked by daytime robberies lately and frankly its scary. I'd hate to know that a month's budget worth of cash was stolen along with all my valuables.
You've seen the show "It Takes a Thief" - they know where your "secret hiding places" are.
Does anyone have any ideas about maybe a virtual envelope system or something a little more secure than a bunch of cash laying around the house in envelopes?
I'm sorry I just don't trust that....


We thought the same thing. Then realized we have a gun safe. :rolleyes: lol

We don't actually keep an entire month. I have it broken down by pay check and say we spend $400 a month on groceries and DH gets paid twice monthly that is $200 out of each paycheck. You could even break it down weekly and withdraw $100 from the ATM to take to the grocery store. Of course you will have to do it with all your catagories.

I do what is called an allocated spending sheet for each month that shows what is coming out of each paycheck and where it goes.

tonilea
09-17-2008, 04:28 PM
Piglet 843 - If you're concerned about security and don;t want to keep the cash in the house, you may need to be a little more disciplined as you'll be using debit cards or credit cards. How about creating a spreadsheet, or even just use paper and pencil to breakdown how much you have to spend on the 'envelope' categories each month. For example, I would use 1 page per category, note the category and monthly budget at the top. Then, each time you make a purchase in those categories, note the total on the receipt and the remaining budgeted amount. For example, you have a $500 grocery budget. A trip to the grocery store costs you $115. Note the $115, do the subtraction and note that you have $385 left. If you do a running total, are disciplined about writing everything down and don't get carried away with the spending (I find it easier to overspend with my debit card as opposed to using cash) you can do it ! Also, don't forget if you use a credit card to pay for groceries or gas, pay the bill in full when it comes in from the budget $ you have in your account. (Boy, I hope this makes sense !)
Good luck !


Your suggestion makes perfect sense and should work, but it doesn't for everyone. I will spend over if I have plastic. Maybe just a few bucks, but if I have the cash, I can't overspend. KWIM?

momlificient
09-17-2008, 07:42 PM
I don't use a physical envelope system, but I thought I'd bump this up to the first page again for you. (I use YNAB Pro - www.youneedabudget.com - it's a budgeting program.)

Do you think it is worth the $50? Very curious about this program :)

bubba
09-23-2008, 07:52 PM
:goodvibes Tonilea - ABSOLUTELY I know what you mean ! That's why I go to the bank twice a month to take out our envelope amounts for the fortnight. If I take my plastic, I'd have my budget messed up in no time. I only suggested the plastic idea as security was an issue. Also, I think with the plastic, you'd have to be very rigorous in writing down EVERYTHING and only using it for the things that fall within your budget. I certainly couldn't budget like this - I need the accountability of having the cash with me. Knowing if I'm going grocery shopping on the 24th and I only have $75 to last me til the end of the month, $75 is all I can spend.

Shmily1
09-23-2008, 09:23 PM
I will be starting this on the next payday that is coming really soon so I've been working on the budget today to get ready. I called the cellphone company and cancelled the push to talk since we rarely use it, call the insurance co to get DD17 a good student discount (DS18 already had it showing for him), and called my highest APR credit card and got them to reduce the interest rate abobut 65%!!! I had such a great time doing all that I may try calling some more tomorrow!!!

I need to be saving money.... my car had to go to the shop and they said it will probably cost atleast $600. Not exactly how I wanted to start off my budget but I guess there's nothing like starting in the fire!!!

Irin997
09-26-2008, 08:43 AM
I will be starting this on the next payday that is coming really soon so I've been working on the budget today to get ready. I called the cellphone company and cancelled the push to talk since we rarely use it, call the insurance co to get DD17 a good student discount (DS18 already had it showing for him), and called my highest APR credit card and got them to reduce the interest rate abobut 65%!!! I had such a great time doing all that I may try calling some more tomorrow!!!

I need to be saving money.... my car had to go to the shop and they said it will probably cost atleast $600. Not exactly how I wanted to start off my budget but I guess there's nothing like starting in the fire!!!

Good for you! I'm about to make my second withdrawal for my envelopes. I've found that things are going really well, however I have had to use my card in situations that are not regularly budgeted for such as an oil change last week and a haircut this week. BUT the whole reason I started this was to get my grocery spending under control. And it's working!!

However, I have a big budget buster coming up. Just went through DD's pants and she has NONE. They are all too short and/or have holes in the knees. So we're going shopping this weekend.

As far as saving money, I have $50 automatically taken from my paycheck and deposited into a savings account. Plus I have a weekly transfer on Thursdays for $30 going to my savings. If it's not there on the weekend I can't spend it. So far this month, I've saved $220 and on Tues it will be $270!!! In one month!!! :cool1: :banana: :woohoo:

Shmily1
09-26-2008, 10:13 AM
At payday this week, I put $100 in DD17's account and told her that was all there was--when it's gone, it's gone!! She almost panicked!! DH also gives her $20 out of each of his paydays. She's use to getting money here and there and unlimited gas for her car (that I also pay for). I explained to her it was for her lunches at school, gas, and other things she needed for the next two weeks. She said, "it will never work". So far, all she bought was a full tank of gas for $46. She's been taking lunch to school most days and wanted to go get her eybrows waxed until she asked me for money and I told her I had just given her $100--go to the ATM. She decided plucking would work just fine for her!!!:lmao:

I bought groceries earlier this week and did really good. My bill was $138 but Ibought the family packs of meat so I could use them for several days. I haven't been back since and I'm so glad!!! I needed tin foil yesterday but I bought it with my ECB's from CVS!!! :thumbsup2 Actually I bought lots of stuff there for DS18 in college too and only spent .26 total in cash!!! Hopefully I can use stuff I have and not keep having to run to the grocery store so much. That's what really kills my budget!!!

I needed some new shorts since I had lost a little weight and needed them for this weekend's trip to WDW so I went to the store last night and got Vanderbilt shorts for $6.99 a pair!! That was a great deal!!!

sherry7
10-01-2008, 11:35 PM
Great thread!

I'm reading the Dave Ramsey books right now, and I'm trying to set up a budget. The hard part is getting DH on board...he spends money like it grows on trees. :scared1: