The Envelope Method: Make Your Budget Tangible
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With envelopes you put cash for each category in its own envelope.
The key points
- Pick categories for variable spending such as groceries, fun and clothing.
- Fill the envelopes at the start of the month.
- When an envelope is empty, that category is done.
- Move leftovers into savings at month end.
Recommended product
Cash Envelope Wallet System
A system with envelopes for different spending categories. The cash in each category is visibly limited.
Bottom line
The step you will probably feel first: pick categories for variable spending such as groceries, fun and clothing. Start with one point, check the result after a few weeks, then build on your plan.