Envelopes
Results 1 to 8 of 8

Thread: Envelopes

  1. #1
    Registered User
    Join Date
    Mar 2006
    Posts
    639
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default Envelopes

    Our bills are paid from the checking acct..
    We have a savings acct./ emergency fund that has been dipped into for unexpected expenses...
    We haven't had to use credit for anything in many months..
    There are a few items we want to buy..
    1.new tires for the truck
    2.an eco fan for the woodstove (will circulate heat & help dry clothes on wood racks faster)
    3.another new cabinet for the kitchen
    4. a new computer monitor/screen
    5. Motorcycle (long term savings)

    Using an envelope system we prioritized our needs/wants as listed above. We know we can put x amount of $$ a week towards saving for these & will use the snowball system. Example: when we are finished saving for the tires the balance of $ that would have went to tires will go to env #2. Each week every envelope gets some cash. We started saving for the tires before we really needed them. By doing this we won't have to take $ from the savings/emergency fund.

    The great thing about this planning/ saving system is that we worked it out together (DH & myself). He recently quit smoking & is looking to manage his savings.

  2. #2

    Join Date
    Dec 2004
    Posts
    2,574
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    I love your system and think I will start one here since we have several things we want to save for. Thanks for sharing.

  3. #3
    Registered User watchingpennies's Avatar
    Join Date
    Aug 2006
    Location
    Southern Ontario
    Age
    49
    Posts
    276
    Post Thanks / WTG / Hug
    Rep Power
    15

    Default

    That is a good idea...I wondered how to use the envelope system with those items that you want but aren't necessarily part of a budget on a regular basis.

  4. Remove Advertisements
    FrugalVillage.com
    Advertisements
     

  5. #4

    Join Date
    May 2006
    Posts
    2,999
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    That's a really good system. I love using envelopes and the cash system.

  6. #5
    Registered User Sasha's Avatar
    Join Date
    Aug 2006
    Location
    Alaska
    Age
    37
    Posts
    145
    Post Thanks / WTG / Hug
    Rep Power
    15

    Default

    That is a really good idea!

  7. #6
    Registered User MTS04's Avatar
    Join Date
    Sep 2006
    Posts
    746
    Post Thanks / WTG / Hug
    Blog Entries
    5
    Rep Power
    19

    Default

    We do somewhat of the same thing. When we have $$ left over in our envelopes at the end of the month, I put that extra towards a want. That envelope is getting thicker. (There are a bunch of ones in there )

    Thanks for your idea too, I love envelopes!!

  8. #7
    Registered User oct2667us's Avatar
    Join Date
    Nov 2006
    Location
    Maine....
    Age
    53
    Posts
    1,006
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default

    Great Idea, Now if i can get dh to leave the extra money alone. He is so not good at saving money.

  9. #8
    Registered User banana's Avatar
    Join Date
    Feb 2006
    Posts
    1,475
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default

    That is a great idea.

Similar Threads

  1. Using envelopes
    By mateosbaby in forum Dave Ramsey
    Replies: 5
    Last Post: 01-24-2012, 01:25 PM
  2. Sample Envelopes from Envelopes of Nevada Inc.
    By luvdietcoke in forum Freebies
    Replies: 0
    Last Post: 12-21-2008, 05:09 PM
  3. Envelopes
    By stoneking78 in forum Envelope system
    Replies: 13
    Last Post: 08-21-2008, 06:46 AM
  4. Replies: 0
    Last Post: 03-07-2007, 05:20 PM
  5. Use for used envelopes!
    By melina123 in forum Frugal Living
    Replies: 5
    Last Post: 03-17-2003, 02:28 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •