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  #1  
December 17th, 2007, 08:49 PM
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Jess-I think you're the main envelope user here. I'm thinking about doing it in January-right now I just make sure what I get paid each week pays for what we need, but I think I'd like to put the money aside all the time so I never have to come up with a large amount for anything at once.

Can you tell me what categories you use?

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  #2  
December 17th, 2007, 09:13 PM
~Trina~'s Avatar Platinum Supermommy
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I've been trying very hard to use them I have an envelope for every item in our budget. EX: 1 for mortgage, one for groceries, 1 for savings, etc
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  #3  
December 17th, 2007, 09:38 PM
gctattoo
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I'm a little lax in my categories. I have one big misc./groceries/gas/savings envie which really shouldn't exist if I were on the strict version of the envelope system. But with my other envies, my categories are:

rent
pet supplies
electric
phone
cell phone
orthodontist
kids' insurance
car insurance

I really love the envelope system. I find it sooo much easier to divvy the month up into four weeks and put aside a small amount each week. I used to pay the bills outright when they came in which sometimes didn't leave much for anything else that week. Especially on rent week. Now I enjoy adding my little bit each week and knowing I'll have it all there as soon as the bill comes in. All my bills are paid way early now that I don't have to juggle it all with groceries, gas, etc.
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  #4  
December 17th, 2007, 10:58 PM
MandiK's Avatar Platinum Supermommy
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I only use envelopes for discretionary spending ... so non-fixed (or basically fixed) bills. Mine include ... Groceries, Car Fuel, and Miscellaneous. I would imagine others would also have envelopes for Spending and Eating Out/Entertainment, etc. I also keep an envelope for our Newspaper Subcription and our Propane fund as we only buy propane every 6 months, but have to save for it each month. Then I have an over flow envelope where I toss extra money from the groceries and car fuel envies at the end of the month so that they can be added to the debt snowball.
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  #5  
December 18th, 2007, 05:32 AM
WisconsinGirl's Avatar Veteran
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I also use the envelope system mostly for discretionary spending. My categories are groceries, household supplies (my rule is that I can use grocery $ for extra household supplies, but no groceries OUT of household supplies, if that makes sense), my weekly spending money, weekend fun money, clothing/haircuts, car taxes, Christmas fund. The gas money I "envelope" electronically because who wants to use cash at the pump?! I need to add a category for new baby hospital bill for 2008.
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  #6  
December 18th, 2007, 05:48 AM
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We use -

the cat
Fun
gas
food
misc
cleaner/hygiene (this is my stockpiling money)
clothes
gifts
cellphone.
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  #7  
December 18th, 2007, 08:06 AM
~Jess~'s Avatar Platinum Supermommy
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Dh gets paid once a month, so we don't have to save up each week for our regular expenses like mortgage or utilities.

Our envelopes are:

~groceries
~misc
~medical
~spending money (my personal envie, dh just carries his cash with him)
~timeshare (maintenance fees due every 3 months)

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  #8  
December 18th, 2007, 08:41 AM
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Thanks for all the input. I'm only looking at doing the envelopes for what we pay cash for. All the normal bills get paid the 1st of the month when hubby gets paid.

I think we'll go with these weekly amounts since I get paid weekly.

My gas-55
His gas-25
Eating out/entertainment-25
Clothes-10
Gifts-30 (will account for all gifts, including Christmas)
Airport-50
Pets-10 (for meds/vet visits, food will be included in household)
Household-70 (which is more than what I have been spending lately, but fits the $100/person/month

And then save the rest of what I get paid.

If/when envelopes seem to get a decent surplus do you adjust the amount you put in it or take some of it out or what?
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  #9  
December 18th, 2007, 08:53 AM
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I clean out all of them but misc. at the end of every month, Kris. I feel like it keeps me truer to my budget, otherwise I could just skimp some months and use the excess later. What fun is that, when I could put it all toward debt immediately?
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  #10  
December 18th, 2007, 09:33 AM
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Quote:
I clean out all of them but misc. at the end of every month, Kris. I feel like it keeps me truer to my budget, otherwise I could just skimp some months and use the excess later. What fun is that, when I could put it all toward debt immediately?[/b]
I think I might leave them. We don't really buy things from each category weekly, but then we need to buy things at once (like with clothes...new season, kiddo needs clothes, boots, whatever!). Same with the dog and the gifts will build up for Christmas. But I guess at the end of the year whatever is left I will dump on whatever debt we are working on at that moment. The CCs should be gone in June, so it will most likely be the truck.
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  #11  
December 18th, 2007, 10:48 AM
frgsonmysox's Avatar Platinum Supermommy
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we let it pile up. However, if our grocery envelope ever gets to 120$ extra we just don't pull that money from the bank. (we put 120$ in the food envelope ever 2 weeks), everything else accrues.
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  #12  
December 18th, 2007, 12:34 PM
~Jess~'s Avatar Platinum Supermommy
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I let it build...
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  #13  
December 18th, 2007, 12:43 PM
1shortmomma's Avatar Platinum Supermommy
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I do an envelope for groceries and one for my personal spending money. That one builds up as well. The groc one I let build up because then if there is a good sale on meat or something I have that surplus to use to stock up. I also let my personal spending build up. dh gets a certain amt weekly for personal spending too...his never gets a chance to build up!
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