Comments on: One Month Using Envelope Budgeting - Budget Review

By: Steve in W MA

Steve in W MA — Thu, 24 Sep 2009 07:16:55 +0000

@ No Debt Plan,

The cash envelope system is different than “spending cash” without having a system to control it.. You really have to try it to understand. I can tell you from my own experience that I used to not be good with cash *or* with credit cards, but using the envelope system I have become excellent with cash, easily staying within my set budget on a consistent basis, and no longer run up any debt. Rather, I run up my savings account.

By: Mr. Debtbeater

Mr. Debtbeater — Wed, 19 Mar 2008 12:31:00 +0000

It is pretty annoying to have to deal with cash, so I can understand. We just had to do something different because plastic simply wasn’t working for us. I really do think it FEELS different when handing over cash as far as the emotional side. Probably more-so from the wife than for me, but I’ve noticed she’s not as ready just to drive by the coffee shop anymore now that she’s using cash.

By: No Debt Plan

No Debt Plan — Wed, 19 Mar 2008 12:20:23 +0000

I’m not a huge fan of the envelope system personally, because I don’t do well with cash.

But I always say, find the system that works for you. So keep it up. I read somewhere that habits take 21 days to form. Maybe it’s longer with money. Either way, progress is progress!