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.
Wish me luck for sustainability and success!!
Cash is King. Hello Envelopes.
October 21st, 2013 at 01:06 pm
October 21st, 2013 at 01:32 pm 1382362374
October 21st, 2013 at 03:03 pm 1382367780
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October 21st, 2013 at 08:03 pm 1382385782
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!
October 21st, 2013 at 09:28 pm 1382390895
October 22nd, 2013 at 01:56 pm 1382450170