Cash Budget
Thursday, September 30, 2010
The hubs and I are starting an all cash budget TOMORROW. I have to tell you, he has been asking to do this for quite some time and I have been putting him off. We use a great excel budget and I promised we wouldn't go over the allotted amounts per category. Boy, was I wrong. There is something about that debit card that makes it just so darn easy to spend, spend, spend!
Dave Ramsay is the creater of using envelopes with pre-allotted amounts of cash in them for any extraneous category. We will be using envelopes for: my cash, hubs cash, groceries, trips, gas, and house fund. Obviously, we will continue having automatic withdrawal for pre-fixed payments such as cable and our mortgage.
Beth @ Design-a-Peele showed these cute envelopes today that she is trying out while using the all-cash system. So cute! You have to check them out.
I think the hardest part about spending cash will be the fact that when the money is gone, it's gone. There is no tweaking, no "oh well, we'll do it next month". I am excited to see how this next month goes. I will definitely keep in touch as to how it goes along the way!























