Dave Ramsey Support group - Page 2

maoftwinboys · 07-20-2006, 10:16 AM

Quote:

Originally Posted by [b

Quote[/b] (blessed_with_6 @ July 20 2006,10:34)]1. Keep it in there, just in case NEXT month's goes over the $400, 2. Put it in savings, 3. Put it in another envelope that was more than expected...etc. It works for us.

Whew... I've been "borrowing" from other envelopes too. But I like the idea of putting the extra into savings - even if it is only a few dollars!

I also do the round up and put the change in our change jar (it's our "fun" fund!) But if I was being true to the program, I should put it back into savings.

I'm doing my errands tomorrow, so I'll check the dollar store to look for those envelopes.

Thanks for the tips! Anyone else have tips?

orchid3h · 07-20-2006, 04:31 PM

Quote:

Originally Posted by [b

Quote[/b] (blessed_with_6 @ July 20 2006,07:20)]

Quote:

Originally Posted by [b

Quote[/b] (maoftwinboys @ July 20 2006,08:29)]ok, ok, I'll put it into envelopes. *I was just keeping a "log" sort of with balance for each category and then crossing of the amount spent in that category. *I think you're right, because I would "borrow" from the other categories!

How do you keep all the envelopes in your pocketbook (or purse or whatever) without the envelopes getting torn up?

I agree CASH is the key. *I was going to try to use my credit card to get award points (I don't USUALLY carry a balance) so I thought I would just earn the points for stuff I spent. *But OMG, I spent way more than I usually do than when I *just use plain cold hard cash. *So back to cash it is. *I don't need the award points that much.

Go to The Dollar Tree. *They have wallet sized expandable file folders with six pockets for $1. *(and if you don't have a Dollar Tree, I know that WalMart has these in their office supply section, but they are $4 and up!) *They are plastic, so they will hold up in your purse. *I label each of mind and then only take out the cash I think I will need for that day..and the rest stays in the envelopes at HOME, where I can't get to it!! *If you don't need the money you took, at the end of the day, PUT IT BACK!! *Then, you just do it again the next day. *It becomes habit. *You could just put all your cash for certain categories in there, and keep it, like groceries, clothes, gas, etc, but for me, I spend less if I only allow myself so much each trip out!!

Thanks for that tip. I may start doing this.

blessed_with_6 · 07-20-2006, 04:36 PM

We do the change jar, too!

That is how we just spent a weekend away and a full day while gone, at a water park with six kids! LOL We had saved almost $250 in change. It was SO much fun...and it didn't take away from anything else AND didn't get charged!

MusicMouseTN · 07-20-2006, 11:01 PM

Quote:

Originally Posted by [b

Quote[/b] (blessed_with_6 @ July 20 2006,10:20)]

Quote:

Originally Posted by [b

Quote[/b] (maoftwinboys @ July 20 2006,08:29)]ok, ok, I'll put it into envelopes. *I was just keeping a "log" sort of with balance for each category and then crossing of the amount spent in that category. *I think you're right, because I would "borrow" from the other categories!

How do you keep all the envelopes in your pocketbook (or purse or whatever) without the envelopes getting torn up?

I agree CASH is the key. *I was going to try to use my credit card to get award points (I don't USUALLY carry a balance) so I thought I would just earn the points for stuff I spent. *But OMG, I spent way more than I usually do than when I *just use plain cold hard cash. *So back to cash it is. *I don't need the award points that much.

Go to The Dollar Tree. *They have wallet sized expandable file folders with six pockets for $1. *(and if you don't have a Dollar Tree, I know that WalMart has these in their office supply section, but they are $4 and up!) *They are plastic, so they will hold up in your purse. *I label each of mind and then only take out the cash I think I will need for that day..and the rest stays in the envelopes at HOME, where I can't get to it!! *If you don't need the money you took, at the end of the day, PUT IT BACK!! *Then, you just do it again the next day. *It becomes habit. *You could just put all your cash for certain categories in there, and keep it, like groceries, clothes, gas, etc, but for me, I spend less if I only allow myself so much each trip out!!

I love this idea. Makes the envelope system work very well. We have found that cash always works better with us than keeping a log. The months we are faithful to it seem to go so much smoother. When we try to do it by just logging in our purchases we ALWAYS go over budget!