- we pay our bills directly from our checking account (mortgage, electric, phone...)
- decide what categories you will be using for your budget: groceries, entertainment, clothing, haircuts, gifts,miscellaneous, blow....
- then estimate how much money you will need for each category. you may need to adjust this over the next couple of months until you get it exactly right.
- order the number of fabric envelopes you will be needing from saving money in style.
- you can get them with or without pre made labels.
- then go to the ATM and load each envelope with the amount for that category!
- remember to ask yourself when you are shopping - "is this a want or is this a need?" i have found that i want a lot of things but i do not need them. this has saved me a lot of money.
- you do not need to take all of your envelopes with you. take only those envelopes that you plan to use on your errands. that will keep you from dipping into other envelopes!
- be patient - it will take some time to get used to this new way of budgeting.
- have disciplie - it will not work if you do not stick with your plan.
but the simple keep going and pay the penalty.
