- This topic has 39 replies, 1 voice, and was last updated April 9, 2007 at 6:16 pm by .
- April 9, 2007 at 6:16 pm #251488Guest
We use the envelope system for groceries, vehicle gas, entertainment, eating
out and blowing. That way we can really control the amount of waste that
goes on. When the envelope is empty we stop spending in that category. You
can probably do a search on “envelope budget system” and find all kind of
I stress also when there isn’t enough to pay all the bills, but I’ve found
as long as I pay them in order there isn’t as much stress. 1) food 2) house
3)utilities 4) transportation. Then I start with the other bills and pay
them as far down the list as I can go – then I draw a line
next month I
pay the first 4 things and then start where the line was drawn and start
paying again until I run out of money – then draw another line and start
over again. I know this is how it has to be until I get get further ahead.
I’m working on it, slowly but surely I’ll get there.
I’ve been doing this since January and I wouldn’t go back to my old way at
all. I know another thing I did was call and talk to your creditors, all of
ours but 1 was willing to lower the interest for 1 year as long as we made
regular payments. I have several that went to no interest for the year.
This has really helped us alot. I know the payments dropped in half and now
we can make ends meet while we try and get several paid off before the year
is up. We have until November, then the rates return to what they were.
> Or does the envelope
> system work best when everything is in the envelopes?
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