I am sharing one the coolest tools Don and I are using from FPU.(Dave Ramsey) It's called the envelope system, when you take the class you get a smaller version of this for free. Or you can make your own using envelopes. That's what we did before we took FPU. Basically, after you make your budget together for the pay period, you just divide up the cash into different categories like, groceries, blow money, gas, eating out, entertainment...etc. We use 4 envelopes.
- Gas...but we actually use a debit card so we can pay at the pump, but I write down each gas purchase on the envelope.
- Pizza(1 X per week we eat pizza out)
- Don's cash..our blow money
What happens when the money runs out?? That's it, your done until payday. It's too easy to spend money you don't see..ie..checks...credit cards...even debit cards(that's why we only put a set $ on it for 1 category..if we mess this up, we're going back to cash on this one too!) It's crazy how hard it is to put down cash for something vrs plastic or paper(checks)...I mean I really think about it before I part with my cash, I rarely did that with the other options!! Anyway, this WORKS..it does..it's hard to argue with each other when we decide on a budget together and it's easy to see what's left, and you don't have the issue of forgetting to write it down..it doesn't matter! Because once it's gone, it's gone. Simple, huh?? I love it!