Anybody learn the envelope method for budgeting? It’s simple and awesome.

📩 Put cash in envelopes for monthly expenses:

Ex: (obv, adjust amounts and categories to your situation)

*Food*

One month of groceries:

4 envelopes each with $300 (assume you shop once a week)

Groceries subtotal: $1,200

Eat out

4 envelopes each with $75 (assume you eat dinner out once a week)

Eat out subtotal: $300

Food Total: $1,500

*Housing*

Rent/mortgage:

1 envelope with $1,800

Rent subtotal: $1,800

Utilities:

1 envelope with $50 for trash

1 envelope with $50 for nat gas

1 envelope with $100 for electric

Utilities subtotal: $200

Housing total: $2,000

*Transportation*

Fuel

4 envelopes each with $80 (assuming one tank per week)

Fuel subtotal: $320

Car insurance

1 envelope with $240

Car insurance subtotal: $240

Maintenance/repair/service

1 envelope with $50

Transportation total: $610

Essentials monthly total: $4,110

Note: Each category should have one additional envelope that you put unused funds into as petty cash emergency funds for each category