Comments on: How to budget with the envelope system http://christianpf.com/ready-how-to-budget-with-the-envelope-system/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nicole http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-168152 Nicole Wed, 25 Jan 2012 02:08:15 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-168152 I am 19, boyfriend 22 - I just stumbled across this message board about envelope budgeting. I started using envelopes about a month ago. Good feeling to see this suggested on the internet. We must be doing something right(: You couldn't even imagine how much less stress we feel with this process! We are both very young, and excited to start saving early! To anyone who is considering this, DO IT! If it will work for a very young couple, it will work for anyone! We even have what we call a "party budget" - How much we can spend on drinks, smokes, etc. AWESOME! And when we do buy booze/cigarettes now, we arn't thinking oh man this is gonna hurt when cable is due. Only set back I have noticed that a coupon organizer would be alot more easy for a purse than big envelopes(: I am 19, boyfriend 22 – I just stumbled across this message board about envelope budgeting. I started using envelopes about a month ago. Good feeling to see this suggested on the internet. We must be doing something right(: You couldn’t even imagine how much less stress we feel with this process! We are both very young, and excited to start saving early! To anyone who is considering this, DO IT! If it will work for a very young couple, it will work for anyone! We even have what we call a “party budget” – How much we can spend on drinks, smokes, etc. AWESOME! And when we do buy booze/cigarettes now, we arn’t thinking oh man this is gonna hurt when cable is due. Only set back I have noticed that a coupon organizer would be alot more easy for a purse than big envelopes(:

]]> By: Nancy http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-122030 Nancy Fri, 22 Jul 2011 17:30:18 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-122030 I am going to try this!! What a great idea! I am going to try this!! What a great idea!

]]> By: Ruschel Ernacio http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-121332 Ruschel Ernacio Sat, 02 Jul 2011 10:06:06 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-121332 I do not have any idea with that budgeting with an envelope before I read this one post. This post can be really helpful for those who really need to save money and trying to avoid overspending just like me. Thanks for it! I do not have any idea with that budgeting with an envelope before I read this one post. This post can be really helpful for those who really need to save money and trying to avoid overspending just like me. Thanks for it!

]]> By: Lisa http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-83770 Lisa Wed, 24 Nov 2010 01:30:24 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-83770 I have used budgeting with envelops and really loved it. It helps you see ahead what and you know where the end of line is. And helps you adjust with your spending, also next time you adjust your budget for different categories/envelops. If you don't want hassle of having to manage many envelops you can use www.onebudget.com which lets you see how much money left in each envelop. But you it wont stop you from spending like physical envelops will. I have used budgeting with envelops and really loved it. It helps you see ahead what and you know where the end of line is. And helps you adjust with your spending, also next time you adjust your budget for different categories/envelops. If you don’t want hassle of having to manage many envelops you can use http://www.onebudget.com which lets you see how much money left in each envelop. But you it wont stop you from spending like physical envelops will.

]]> By: lupi http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-76826 lupi Wed, 03 Nov 2010 17:36:04 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-76826 HI there. Ok so you are saying the rent, elec and phone first. Afterwards the car and insurance then food? Im confused. HI there. Ok so you are saying the rent, elec and phone first. Afterwards the car and insurance then food?

Im confused.

]]> By: Sue http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-33904 Sue Sun, 25 Apr 2010 22:23:07 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-33904 Lara, I'm curious to see if you using a credit card for purchases over $20 or so instead of a debit card is a common American thing. I only use a credit card for purchases that are rare or expensive, travel, or possibly an online purchase. I rarely carry cash at all, I use my bank debit card for everything since there is no charge for that and it keeps the credit card spending down to nil. Lara,
I’m curious to see if you using a credit card for purchases over $20 or so instead of a debit card is a common American thing. I only use a credit card for purchases that are rare or expensive, travel, or possibly an online purchase. I rarely carry cash at all, I use my bank debit card for everything since there is no charge for that and it keeps the credit card spending down to nil.

]]> By: Lara http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-26004 Lara Sun, 21 Mar 2010 11:25:22 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-26004 I think the envelope system is a great idea for folks who don't feel they have control of their spending. I do take issue with the statistic that people spend 15% more when using a credit card (and I've read that elsewhere as well). How in the world would the data be collected for this? The only way I can imagine is through cash register receipt records. When I make a purchase, whether it's in a grocery store, drugstore, restaurant, or wherever, if the cost is relatively low (say under $20), I pay cash. But if it's more, I pay with a credit card since I don't carry a lot of cash. I think this tendency holds true for many folks, and if that's the case, then the data is worthless in terms of determining what people spend when using cash vs a credit card. I think the envelope system is a great idea for folks who don’t feel they have control of their spending. I do take issue with the statistic that people spend 15% more when using a credit card (and I’ve read that elsewhere as well). How in the world would the data be collected for this? The only way I can imagine is through cash register receipt records. When I make a purchase, whether it’s in a grocery store, drugstore, restaurant, or wherever, if the cost is relatively low (say under $20), I pay cash. But if it’s more, I pay with a credit card since I don’t carry a lot of cash. I think this tendency holds true for many folks, and if that’s the case, then the data is worthless in terms of determining what people spend when using cash vs a credit card.

]]> By: Dave Ramsey’s Financial Peace University: Week 3 – Cash Flow Planning « Debt Free Living http://christianpf.com/ready-how-to-budget-with-the-envelope-system/comment-page-1/#comment-20666 Dave Ramsey’s Financial Peace University: Week 3 – Cash Flow Planning « Debt Free Living Sat, 30 Jan 2010 02:33:43 +0000 http://christianpf.com/ready-how-to-budget-with-the-envelope-system/#comment-20666 [...] 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“. [...] [...] 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: Anni http://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://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://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://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.

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