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Cash is King. Hello Envelopes.

October 21st, 2013 at 01:06 pm


For awhile now I've wanted to institute cash only spending. I've committed to try it for two months. This covers the gas/groceries/misc/small extraneous.

My envelopes are funded for the first two weeks:

$80 Gas - DH's car
$80 Gas - My car
$200 Groceries
$40 Miscellany
$150 Small Extraneous

On Friday (Payday) I will be adding the same amounts (with the exception of $100 vs $150 to small extraneous).

Thankfully the is weekend was two NSDs. Grocery-wise we're OK for this week with the exception of milk, bread, lunchmeat and a few other items, nowhere near the $100 I've allotted. So, DH is on board. He knows where the gas envelope is when he needs to fill up (won't be til Thursday according to his estimates) and the Miscellany is. We still need to work out our concept of Mad Money, but will probably wait a few weeks for that.

It was a soccer tournament weekend and it was freezing on Saturday and cold on Sunday. We live close enough to the park so we came home in between and each successive time, I added a layer. Complete with winter coat and boots on Saturday.

Will update the envelope experiment periodically. Smile

Wish me luck for sustainability and success!!

6 Responses to “Cash is King. Hello Envelopes.”

  1. scottish girl Says:
    1382362374

    Good luck! I love the envelope method, it makes me feel more in control.

  2. creditcardfree Says:
    1382367780

    I think it sounds great...especially with your husband on board! Looking forward to hearing how it goes for you.

  3. beawealthywarrior Says:
    1382367926

    I'm on my 2nd month of using cash only and it definitely seems to be making a difference. Good luck!!

  4. Kiki Says:
    1382385782

    I've been doing cash only for 6 or 7 years now. It makes a significant impact in my spending and many months I have money left over that I drop into my left over "bucket" for those months when something comes up (which is rare I am pretty anal about planning my spending and estimates).

    At the end of the quarter or year (depending on when I think about it) that money goes to my vacation account or IRA.

    Good luck! and if you have an "Ah hah moment' I'd love to hear it!

  5. baselle Says:
    1382390895

    Sustainability and success to King Cash and Queen Envelope!

  6. Rachael777 Says:
    1382450170

    I LOVE this cash only method.. I will look into starting that.. I am confident my spending and control will be better. Thanks for the idea. Smile

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