Understanding the Envelope System
I think I finally understand the envelope budgeting system – cash in an envelope and you use just the cash to pay for things. I thought it meant *everything* you paid for – bills, utilities, etc. – which is why I never started. But using cash for gas, groceries, entertainment. That would be easy!
We really do need a new system. Our current system is this ~
Get paid (and get rent payment from other house)
Pay car payment
Pay mortgages
Pay utilities
Pay credit cards
We always have enough left over for food and gas and put in a set amount for those. With whatever is left we do whatever! Not a good thing.
We do still have the emergency fund and need to replenish that after our car troubles. I need to do the debt snowball again and start putting our whatever is left onto the debt!