So I would not be lying to admit that I started this project back in March and just finished it the other night. I had all my pieces cut out, a lot of things sewn but then I started getting sick constantly and just never got around to finishing it.
There are quite a few people that mention the cash system of spending but probably the most well known is Dave Ramsey. I have attended his Financial Peace Seminars and while most of his ideas really are common sense he presents them in both practical and biblical ways with examples that can be understood. Since completing Financial Peace I have paid off my credit card, and am paying down my student loans. I have had a lot of setbacks due to the medical bills but I am determined to be debt free.
So, I present to you my own envelope system. Dave’s isn’t nearly pretty enough (sorry Dave!).
I made mine with four envelope pockets that I have velcro closed. I also added two small pockets at the front for cards. You may need more than that but they comfortably fit a few cards without them falling out. I don’t carry a lot of cards with me. I keep all of my reward cards in a small zipper pouch in my car. There are way too many to keep in my wallet all the time!
In the back I added a pocket to keep my check register, checks and a small notepad. With the system you are supposed to track where you spend your money. I have plenty of room in my envelopes to keep the receipts and I debated about putting an index card in each envelope but for now I am not sure. So I am going to try the notebook, but there are options.
I used the last envelope to hold some additional cards I don’t use as often so I don’t need them at the front. You can use envelopes for different categories, common ones are food, clothes, entertainment, blow money, personal care, gifts etc. It is completely up to you. I have four envelopes in here (including the last one that has cards). I have really limited my spending due to the medical bills and wanting to pay off my student loans so they are: food (groceries & eat out- this may not work for everyone but since I am just me it does , clothes/personal items, entertainment, miscellaneous/extra. Previously to finishing my envelope system I was just tracking everything and still using my debit card so I am sure those categories may change but for now it works. I figure if I need more than four I can place a divider in each envelope and then have up to eight.
I am so excited I finally finished this and cannot wait to put it to good use! You will probably find me linking up at some of the linky parties on my linky page.