Using “Envelopes” To Fix Your Finances

The envelope system has been around for a long time. The idea behind it is really simple: When you get paid, you take cash and put it in envelopes that are labeled with things like “groceries,” “eating out,” and “hobbies .” Once the cash is gone, your budget for the month is expended and you wait until the next month to spend any more in that category. It’s a wonderfully simple and practical system and is advocated by the likes of Dave Ramsey.

Check out the rest of this article I wrote on Medium!


One thought on “Using “Envelopes” To Fix Your Finances

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s