Comments on: An Experiment in Budgeting http://beancounterblog.com/2006/01/24/an-experiment-in-budgeting/ Sat, 24 Mar 2012 18:32:57 +0000 hourly 1 http://wordpress.org/?v= By: BeancounterBlog.com » Experiment in Budgeting - Part 2 http://beancounterblog.com/2006/01/24/an-experiment-in-budgeting/comment-page-1/#comment-143 BeancounterBlog.com » Experiment in Budgeting - Part 2 Tue, 07 Feb 2006 02:40:08 +0000 http://beancounterblog.com/?p=72#comment-143 [...] As you may recall, I posted about a new online budgeting tool that uses the envelope system. The envelope system, if you recall, is a cash-based budgeting system that consists of creating literal envelopes in which you place the cash you have budgeted for the month. That way, each time you pull out $10 for this or $5 for that, you will be able to see with depressing accuracy, just how much money is leaving your “bank.” The system is in stark contrast to the debit and credit card age where we merely pay for everything with “magic” money. [...] [...] As you may recall, I posted about a new online budgeting tool that uses the envelope system. The envelope system, if you recall, is a cash-based budgeting system that consists of creating literal envelopes in which you place the cash you have budgeted for the month. That way, each time you pull out $10 for this or $5 for that, you will be able to see with depressing accuracy, just how much money is leaving your “bank.” The system is in stark contrast to the debit and credit card age where we merely pay for everything with “magic” money. [...]

]]> By: Chris http://beancounterblog.com/2006/01/24/an-experiment-in-budgeting/comment-page-1/#comment-122 Chris Mon, 23 Jan 2006 20:54:38 +0000 http://beancounterblog.com/?p=72#comment-122 My wife and I have been using the envelope system for a couple of weeks now and have noticed a big swing in our spending habits. It's also a big help for grocery store trips since you end up totaling up the bill as you go along and hunting a little harder for better deals. I can thoroughly recommend it. Good luck. My wife and I have been using the envelope system for a couple of weeks now and have noticed a big swing in our spending habits. It’s also a big help for grocery store trips since you end up totaling up the bill as you go along and hunting a little harder for better deals.

I can thoroughly recommend it.

Good luck.

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