Friday, January 13, 2012

Cash Envelopes Update

Back in September I wrote about how I started back with the Cash Envelope System. I loved getting back into the cash routine, and 5 months later I still love it!

The categories I use for my cash envelopes are:

~~Eating Out & Entertainment
~~Gasolene and Bridge Tickets
~~Household Needs
~~Babysitting $$
~~Haircuts, pedicures, other personal stuff
~~Allowance $$ for the Hubster and I (We give ourselves an allowance to use for whatever we want, no questions asked and no need to keep a record)
~~Clothing Fund

For you, there might be other categories you would include or exclude. It's great that you can customize it to your needs.

When I started using cash again, I also started using a budget sheet every two weeks. Because we get paid every two weeks. I budget how much I'm going to put in my envelopes for each category for that two week pay period, making sure that I have more money than bills. At the beginning, there was a bit of guessing going on, but as we've lived this out the last few months, we've found a rhythm to how much we need for each cash category. I've been able to trim our gas fund and grocery fund a bit whereas our gift fund went up significantly over the holidays.

Now going into 2012, I have a better sense how much to save in my envelopes for those longer term funds like gifts, vacations, household needs (like a new club chair) as well as those funds that are spent every month like groceries, gasolene and eating out.

As I was talking about this with my husband the other day, I realized that what I really love about this system is just how much I feel in control of our outgo now. I like seeing it on paper and seeing the cash in the envelopes. I like knowing that there are cash funds that are building up over several months to purchase bigger items that are on our wish lists and not getting spent on frivolous items we dont' really want or need. I guess what I like is it keeps me disciplined and on target, both shortterm and longterm.

For those of you who are interested, here are a couple websites where you can print out or make your own envelopes. The first one is the one I use, but check out the ones that look interesting to you. #1 paper envelopes, #2 a fabric wallet #3 another fabric envelope And let me know if you're on the Cash Envelope bandwagon.

Til Next Time ...

Thursday, January 05, 2012

Currently ....

I did this back in October and had so much fun with it that I thought I'd do it again. Want to join along? Just copy and paste the questions and answer them on your blog. I'd love to see what you are currently up to.

Current Books: Finishing up the Hunger Games trilogy. I'm on the last book 'Mockingjay'. Its riveting. Have a couple on the nightstand ready to go when I finish this one that look good: The Life Ready Woman, and PrayFit. Don't those sound like interesting titles?

Current Playlist: Adele. Got her cd for Christmas. she's got an amazing voice.

Current Color: Red, red, red! I love red

Current Drink: Coffee with Peppermint coffee creamer--yumm!

Current Food: none right now, kind of overloaded from the holidays. enjoying simple fair after the indulgences of late.

Current Wishlist: a comfy chair for our living room. have my eye on one from cost plus world market.

Current Needs: a haircut! and color!!

Current Triumph: I'm really happy that I got back into a regular devotion schedule instead of hit and miss. Its been wonderful to have some quiet time with the Lord each morning.

Current Bane of my Existence: the 6:30 alarm! I AM NOT a morning person, but the world seems to be. Why can't school start at 10am instead of 8am? huh? why? is there any earthly reason not to let us night owls get some much needed rest? huh? sigh .... I know I'll never change this world, but if I could .....

Current Indulgence: a nap! see above ...

Current Mood: sleepy! (not really). Happy, content.

Current #1 Blessing: Being at peace.

Current Outfit: Jeans, long sleeve black t-shirt, purple jersey knit swing jacket/cardigan? I love it.

Current Excitement: Plans to visit my sister in Denver this spring.

So how 'bout you? What are your 'currents'?