Oh me, oh my!The past couple weeks have been eye opening... pretty much a good slap in the face. I didn't think I was blowing money out of my butt, but I totally was.
I'm doing the 'cash envelope' method. So every two weeks (when Mike gets paid) I get a set amount of cash in 5 different envelopes...
Grocery
Food Storage
Household
Kids
Entertainment
We have done the cash method in the past... but not specifically divided. So things would come up and I would have a good excuse to throw my debit card at it if the cash was gone... because it wasn't 'grocery' related. I've decided that it's better to be realistic about the amounts we need in each category, or I just end up over spending anyways. Mike puts gas in the vehicles every two weeks... or more often if I've had to drive more than usual. Everything has to be categorized, or I have to pull it from somewhere else.Food Storage
Household
Kids
Entertainment
I started the first two weeks with regular paper envelopes... but...
I spent $3 at Wal-mart and bought an organizer... this one is the same as mine, but it's been covered in cute fabric, maybe I'll do that this week... instead of shopping.It's nice because I can keep it all in one place, and it will hold any coupons too. The only thing I've noticed that really sucks is coin change... I have no where to put it. I thought maybe I'll just start keeping it in a jar by my bed, and when it looks like there's a good amount in there, I'll use it to treat myself with something!
As I spend the cash in each category, I put the receipt in it's place. That I way I can look back and see what I spent the money on... I also have it handy if I need to return anything.
I have surrendered all my cards... ALL OF THEM... the only plastic I get to comfort me is my pretty little Costco Card. (Which I've decided is the devil!) I'm embarrassed to admit that this is like taking away my security blanket. I feel like I'm standing naked on the street corner!
I think that shopping and eating are my challenges in this life. I wouldn't trade them for other trials or temptations... but the deeper I look into myself, the more I realize how much I comfort myself with these things. It's not healthy that a pair of new shoes can make me feel emotionally better when I'm having a bad day. Or a great deal on a new shirt can make the world a better place to live!
I wish this was an easy problem to fix. I know that like dieting, spending money will be a battle forever. Just keeping my mind in a healthy place as far as what are 'needs' and what are 'wants'.
I must say that it feels so empowering to have some control over things... this week at least. I realize there will be times that are harder than others. Expenses come up that are not planned, emergencies and such. I've already realized that there is always SOMETHING that comes up. Anything from bringing food to a party... to Lexi's toes coming through the top of her tennis shoes! There's always something! The only way to plan for the unplanned is to not spend everything in the envelopes. Those sayings about 'burning a hole in my pocket' are accurate about me... if I have it, chances are I'll spend it. Now I'm learning that my new security blanket is knowing that I HAVEN'T spent everything, and there's something there if it's needed.
So the envelopes are good. When the cash is gone... it's gone! If something else comes up it will take some thought and discussion.
My coupon clipping and bargain hunting skills are coming in handy. I just gotta keep it up! (Just like dieting!)



4 comments:
I'm excited to hear how it goes for you! Ben and I started the envelope thing a couple years ago. I was still horrible with my debit card so last year I also turned over my plastic. Then life went a little topsy turvy. When we get ourselves righted again I think we will go back to this. Good luck my friend!!
Great idea! That is so sad about your sweet little cousin. Love your family!
Hey, I do the envelope thing too, but what's cooler is that I use the SAME kind of organizer. Great minds think alike!
You are such an inspiration!!!! I have been trying to figure out how to get a better hold on my spending and I really think this might be the answer for me too!!
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