FMOOD 0036: The Envelope System - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-01-21T07:00
Have you heard about the envelope system? If not, this episode will explain the system in detail along with some tips on implementing the envelope system to use with your monthly budget.
The envelope system allows for us to separate our cash for the month into individual envelopes for each category in our budget. The envelope system is typically used with the grocery category, clothing category, the spending money category, and many other categories within our budget.
When we use cash, we get away from the habit of using plastic. We are also able to easily see what we're spending for the month throughout the month, and this process helps us to stay within our budget for any given category where using cash is appropriate.
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