Every month we set aside cash for groceries, entertainment, and basic expenses, all in seperate envelopes. We budget so that we can ONLY spend each month what is in those envelopes for those expenses. When we break a dollar, the change goes into a jar. At the end of the month, any bills leftover and all the change in the jar goes into savings!
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I use the envelope system for spending. I look at my budget and see what I need the next month then I withdraw that amount from the bank and separate into each pocket. I find that I spend much less when using cash & I eliminate overdraft from forgetting to deduct something and other bank fees.
Pay for everything with cash-do you need it or want it?
We have gone to an envelope system again after several years of not doing so and have saved a great deal just by paying cash for everything we buy, including groceries. You really think about if you need it or want it when you are paying cash!
I've gone from spending $140-150 per week on groceries to $70-75 by purchasing my groceries at ALDI and paying cash.
Make a budget and stick to it. Using an envelope system can work by withdrawing the money you allot for buying food and pay for groceries with cash. Or if you don't trust yourself to not get a pizza delivery or something then use your check/debt card but track all spending with mint.com
Check out daveramsey.com for more tips on how to save money and get out of debt.
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