What is the Envelope System for Budgeting?
The envelope system helps you stick to your budget by teaching you to be more disciplined and not swipe that card every time you "need" something extra.
Begin by budgeting a certain amount for each category per envelope. Ie: food, car maintenance, pet supplies, etc.
Next, you withdraw that amount of money each month and you keep it in an envelope.
This is all you spend (on said category) for the month….when it’s gone, it’s gone until the time comes for you to withdraw more money and fill up your envelope again.
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Learn to love life on a budget!