Augusta
VIP Contributor
When it comes to saving money, there are creative ways you would need to learn to make it a success for you. The new one is the envelope budgeting tactic that can help you save money.
As the name implies it is about putting your budgeted money for items you need to purchase in different envelopes. If you have about 5 very important things you would be paying for in a month , then you need to get about 5 envelopes then write the name of the bill on the back of the envelope.
Make your realistic budget for your bills and leave the money each into this envelopes i. e each of the envelopes. Now leave the money you want to spend for each in each of the envelopes. Now you only spend the estimated money you left in the envelope for that month. if any new bill crops up along the way you push it to the next month.
Even for the designated bill already that you have on your envelope you only spend the money in it, when it finished you stop till the next budget for the new month.
What do you think of this tactic?
As the name implies it is about putting your budgeted money for items you need to purchase in different envelopes. If you have about 5 very important things you would be paying for in a month , then you need to get about 5 envelopes then write the name of the bill on the back of the envelope.
Make your realistic budget for your bills and leave the money each into this envelopes i. e each of the envelopes. Now leave the money you want to spend for each in each of the envelopes. Now you only spend the estimated money you left in the envelope for that month. if any new bill crops up along the way you push it to the next month.
Even for the designated bill already that you have on your envelope you only spend the money in it, when it finished you stop till the next budget for the new month.
What do you think of this tactic?
