Comments on: How to budget with the envelope system http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 18:03:34 -0600 hourly 1 By: Anni http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-12088 Anni Thu, 30 Apr 2009 18:28:07 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-12088 I just lost 40% of my net income due to my exhusband losing his job and the child support ending. Frankly, I don't make enough to get by, but thankfully I have a few months worth in savings. Since I really have to tighten up as much as possible, I am going to start using the envelope system. I plan to use a coupon organizer to separate the money. I'm only going to carry around the weekly amount so I don't have a huge wad of cash that could potentially go missing. The reason I intend to carry all of my categories around is because I have to do my shopping when I get spare time. A little planning would probably fix that but until that happens, I'm going to do it this way. I'm excited to see if it works for me. I just lost 40% of my net income due to my exhusband losing his job and the child support ending. Frankly, I don’t make enough to get by, but thankfully I have a few months worth in savings. Since I really have to tighten up as much as possible, I am going to start using the envelope system. I plan to use a coupon organizer to separate the money. I’m only going to carry around the weekly amount so I don’t have a huge wad of cash that could potentially go missing. The reason I intend to carry all of my categories around is because I have to do my shopping when I get spare time. A little planning would probably fix that but until that happens, I’m going to do it this way. I’m excited to see if it works for me.

]]> By: Mary http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-8218 Mary Thu, 04 Dec 2008 17:24:44 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-8218 You should read the book, Money for Life. It talks about the credit card spending. It adda the fee in a seperate envelope, but makes you pay for the item in your envelope system. If you charge clothes then it has to come out of your clothing envelope. This allows for the cards not to have any more expenses placed on them. You should read the book, Money for Life. It talks about the credit card spending. It adda the fee in a seperate envelope, but makes you pay for the item in your envelope system. If you charge clothes then it has to come out of your clothing envelope. This allows for the cards not to have any more expenses placed on them.

]]> By: Dave Ramsey’s Financial Peace University: Week 3 - Cash Flow Planning | Bible Money Matters http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-4673 Dave Ramsey’s Financial Peace University: Week 3 - Cash Flow Planning | Bible Money Matters Sat, 28 Jun 2008 14:36:38 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-4673 [...] We’re a little apprehensive about starting the envelope system just because before this we’ve never really been this careful about what we spend. It is going to be hard not just whipping out the debit card and paying for stuff, or just going out to eat whenever we feel like it. It’s going to take some getting used to, but we’re committed to doing this because we know it can save us a ton of money. For another quick primer on the envelope system, please check out this post from Christian Personal Finance called, “How to budget with the envelope system“. [...] [...] We’re a little apprehensive about starting the envelope system just because before this we’ve never really been this careful about what we spend. It is going to be hard not just whipping out the debit card and paying for stuff, or just going out to eat whenever we feel like it. It’s going to take some getting used to, but we’re committed to doing this because we know it can save us a ton of money. For another quick primer on the envelope system, please check out this post from Christian Personal Finance called, “How to budget with the envelope system“. [...]

]]> By: bob http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-4255 bob Fri, 06 Jun 2008 16:46:24 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-4255 @Phil I am really glad to hear that!! I think your testimony will be good encouragement to the readers who are a little leary of the whole envelope budgeting thing... thanks for sharing @Phil
I am really glad to hear that!! I think your testimony will be good encouragement to the readers who are a little leary of the whole envelope budgeting thing… thanks for sharing

]]> By: Phil http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-4229 Phil Fri, 06 Jun 2008 00:21:56 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-4229 Using the envelope system was one of the best things my wife and I ever did. I think it is great because it makes you proactive instead of reactive. As you spend, you emotionally feel and see the money leaving, so you make better decisions along the way. You don't even have to track it, just look in the envelope. It is so much better than the old cycle of: 1. spend on plastic, 2. feel vaguely guilty but enjoy the denial, 3. reconcile at the end of the month with Quicken and find out we totally blew the budget again... Using the envelope system was one of the best things my wife and I ever did. I think it is great because it makes you proactive instead of reactive. As you spend, you emotionally feel and see the money leaving, so you make better decisions along the way. You don’t even have to track it, just look in the envelope. It is so much better than the old cycle of: 1. spend on plastic, 2. feel vaguely guilty but enjoy the denial, 3. reconcile at the end of the month with Quicken and find out we totally blew the budget again…

]]> By: Bamboo http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-2033 Bamboo Fri, 25 Jan 2008 21:10:07 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-2033 Prov 24:3-4 'By wisdom a house is built, and by understanding it is established; and by knowledge the rooms are filled with all precious and pleasant riches.' Prov 24:3-4 ‘By wisdom a house is built, and by understanding it is established; and by knowledge the rooms are filled with all precious and pleasant riches.’

]]> By: bob http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-491 bob Wed, 14 Nov 2007 16:00:44 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-491 @Melissa Good to hear! That is a good tip, thanks for sharing @Melissa
Good to hear! That is a good tip, thanks for sharing

]]> By: Melissa http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-485 Melissa Wed, 14 Nov 2007 01:18:56 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-485 We have started using the envelope system this past month, and I bought a great coupon wallet at Target that works much better than the individual envelopes (which I was carrying around in my purse and were getting all chewed up)This works great! We have started using the envelope system this past month, and I bought a great coupon wallet at Target that works much better than the individual envelopes (which I was carrying around in my purse and were getting all chewed up)This works great!

]]> By: bob http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-363 bob Mon, 15 Oct 2007 22:23:22 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-363 @Maggie I think you mean using your Credit card to make the purchases, then paying it off at the end of the month. If not let me know... But if that is what you are referring to, I would be very careful, because for what ever reason the average person spends (I think I remember hearing this) about 15% more when they use a credit card than cash. So using your "mock money" idea may very well work - just be careful and keep me updated @Maggie

I think you mean using your Credit card to make the purchases, then paying it off at the end of the month. If not let me know… But if that is what you are referring to, I would be very careful, because for what ever reason the average person spends (I think I remember hearing this) about 15% more when they use a credit card than cash. So using your “mock money” idea may very well work – just be careful and keep me updated

]]> By: Maggie Shaw http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-361 Maggie Shaw Mon, 15 Oct 2007 17:59:52 +0000 http://www.christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-361 What about budgeting for credit cards using the envelope system? Does that even make sense to do? Perhaps putting in mock money and taking it out whenever you charge something. That is my most feared expense because I always end up spending far more than I want or need to. What about budgeting for credit cards using the envelope system? Does that even make sense to do? Perhaps putting in mock money and taking it out whenever you charge something. That is my most feared expense because I always end up spending far more than I want or need to.

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