Ladies, how many of us can actually say we follow through with our budgets? Like for real, legit follow through? Over the past few weeks I’ve been paying special attention to my spending habits and have finally decided to adopt a budgeting method!
Have you heard of the “envelop method”?
With this method, you allocate a budgeted amount of cash into envelops, with each envelop representing one of the items from your budget. I heard about this a little over a year ago, and honestly didn’t pay it any mind until recently. I was having a conversation about finances with one of my girlfriends, and she was telling me how she uses this method to help control her spending habits. She pulled out these fabulously decorated envelops and for a visual person like myself, I was sold! But I wanted to start immediately. I didn’t feel like waiting for an order to arrive. So I did the next best thing, and created my own! Here’s how I made my budget envelops in 3 super easy steps, and they are just right for me!
Supplies you’ll need*: Mini envelops (3 5/8 x 6 1/2), Alpha stickers, Invisible tape, and 3/5 Cards. (The dollar store came all the way through, y’all!)
1. Write out your budget. Be sure you have enough letters to spell out the respective categories of your budget.
2. Place the stickers on the front of the envelop. Be creative! “The Market” is one of my faves!
3. Reinforce the stickers with invisible tape to ensure that the letters stay in place. The last thing you want is for your letters to start peeling off!
And there you have it! The 3/5 cards are like your mini accountability partners. Use these to write down your financial goals or motivational quotes to keep you on track. You can also use them to jot down your purchases. I’ve placed one 3/5 card in each envelop, along with my cash, to help me stay the course!
Making the envelops is the easy part, actually following through and sticking to your budget is the real challenge. Believe me, I know the struggle firsthand. I’m no financial expert, but I do know that being a good steward over that with which God has blessed you (with a dose of discipline), is a vital component to living your fabulous live! I’m still learning, but I’m determined to get it right this time! Are you with me?
What budgeting methods are you using? What works for you?