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Giving up on the envelope system?

April 14th, 2011 at 04:38 pm

I've been trying really hard to stick to the envelope system and am having troubles with it working for me. I think I'm going to quit using it except for certain things, car maintance, clothes, babysitting, going out, but for things like eating out, misc, groceries etc I think I'm going to use debt. I'll still set my limits and write down what I spend but its starting to be a pain splitting up the money trying to split a 20 into 5s so I can fill an envelope. I don't have time to get into the bank to get the proper bills, hopefully this doesn't completely ruin my efferts and send me back into crazy spending! But its just getting a little to easy to spend those twenties, I'm homing it'll be easier to say no to swiping the debit card. Has anyone else tried and given up on the envelope system?

Spendy Weekend

April 11th, 2011 at 04:27 pm

Well it was another spendy weekend, took dd swimming and out for supper on saturday and then out for supper again sunday. We got the trampoline up and spend all of yesterday out side SO nice! I paid off my cc on Friday took the money out of my misc savings account and got dds Easter stuff and am happy to say I stayed around my 110 budget!! I haven't gotten the chance to put any extra into savings this month and it's not looking like I'll have much extra to add it. As long as I can find an extra 85$ I will be very happy and my first goal of a 5000 ef will be complete! My car went in for an oil change but that will come out of the car fund, and I am going over my budget and putting in my numbers from the weekend! Hope everyone had a great weekend!

Budget Crazy

April 7th, 2011 at 05:55 pm

Is anyone else budget crazy or is it just me? Almost once a day I go over my budget, my income, what has to come out, what goes into savings, how much I have left in each category! (my period key just broke so I apologize for the run on sentences and commas out of place lol)
I made some changes and added a new category to my budget for activities with dd I use to take this out of misc but I ALWAYS went over! Hopefully this works better it ups my budget a bit each month but hopefully it will work out with the overages, Tomorrow is pay day which makes me happy time to fill all my envelopes, pay off my cc for dds trampoline AND Easter shop tomorrow night! I have a budget of 100$ for Easter things for tomorrow I'm going to try VERY hard to stick to it. (it worked!) I already picked up 2 baskets, chalk, bubbles, and eggs to fill that I'm not going to count in my 100$ so total for her basket will hopefully be 110 or less! I had planned on giving her the trampoline for Easter to but she was with me when I picked it up and every day since we bought it she has to check to see if the snow is all gone so we can set it up! So excited! Well I hope everyone is having a GREAT Thursday!!!

Bad Start

April 4th, 2011 at 12:53 am

Well I had a really bad start to April, eating out twice, movies, treats for the movies, trampoline, grocery, gas. All out of my 150 over fund, and my misc savings and some on my cc. Looking at my budget and what I spend so far I feel like I've ruined April already and its barely even started! The trampoline was something I had planned to buy dd, I did put it on my cc just because I was to get some credit going so when I do decide to buy a house some day I have something they can look at. My plan is to put my whole misc fund onto my cc, and then put the rest on it when I get paid on Friday and to redo my budget taking into consideration the things I've already spent on for the month. Its times like this where it stresses me out being so organized with my finances/budget sometimes I wish I could just be like most other people and just spend when I want to spend, buy what I want to buy and not think/worry so much. But then I'd more then likely be in debt and worrying even more! So I'm going to stick to tracking all my money, where every cent goes, and trying to save as much as I can. I really hope I can go up from here and add a bunch of extra into savings finish off my large Ef and fund a weekend trip with DD in May! I hope everyones April is off to a better start money wise then mine!!

March Budget recap!

March 31st, 2011 at 04:54 pm

Here is my recap of my March budget, I actually did half decent!! I'm going to list my budgeted amount first and then my actual amount spent!

Income: 1885
Other:1036
Total: 2921

Bank Fee: 12.95/12.95
Car Ins. 31.75/31.75
Tenant Ins. 21.83/21.83
Cell/Internet: 130/126.87
Life Ins: 48.38/48.38
Auto Savings: 75/75
Education: 25/25
Rent: 500/500
Misc: 100/137.91 Over by 37.91
Out: 40/40
Clothes 50/50
Misc Save: 100/100
Snow Removal: 20/20
Grocery: 380/376.17
Gas: 100/80
Eat Out: 80/65.60
Car Maint: 50/50
Extra Save: 100/1030 Extra 930 into savings
Christmas: 75/75
Hair: 40/40
Sitter: 20/20

Total Budgeted 2040 Total Spend: 1996.46 + 930 extra into savings.

I use cash for just about everything expect bills and gas. So if I have money left over it just stays in the envelope till I need it, like I did use my sitter money but I still put the 20$ in. I also go through my envelopes and take out any change left over from the month and add it into my change jar. I also make sure I have an balance of 150 in my chequings account at the end of the month anything else gets put into savings. I'm expecting a lower income next month and even lower come the summer so I may have to do some more adjusting of the budget. I hope everyone had a great March!!

Setting Up Aprils Budget

March 30th, 2011 at 04:12 pm

It's near the end of March which means setting up my Budget for April. I really want to finish for my larger Ef in April so I will be cutting back on some things to do so. I did OKAY for March, I will post my total numbers tomorrow. I think I'm going to post my budget at the end of the month to kind of "fess" up to where I over spent.

I have a job interview Friday so if everyone could cross their fingers just a little for me that would be awesome!!

Busy Day

March 25th, 2011 at 12:23 am

Well tomorrow is the start to an early weekend tomorrow but that doesn't mean it will be any less busy. I have a bunch of appointments tomorrow morning, its pay day so time to pay bills and then taking dd for a fun afternoon! I'm getting so close to my 5000 goal I really hope I can scrape up the extra money and finish it next month.

I'm starting to look into school but am a little nervous about going into debt for it, taking time off from working, making way less and paying for childcare! Lots of decisions to make in the next few months, I just hope I make all of the right ones!

Goals

March 23rd, 2011 at 02:03 am

I'm a 20 something single mom to a busy 2 1/2 year old girl! I am all about saving, budgeting, and staying debt free. I decided to start this blog to make myself more accountable with my spending. So here are my goals!

1) Baby Emergency Fund: 500/500 Completed Jan.31/2011
2) Large Emergency fund: 4606/5000
3) Christmas Account: 150/800
4) Misc Savings: 147/?
5) Save all extra change in my change jar till Dec.31/11
6) Stick to my budget, cut where I can, and use the envelope system.

Those are my current goals, I'm hoping to add go back to school soon. I'm doing pretty good so far I wanted to have my 5000 EF saved by Dec.31/11 but it looks like I'll hopefully have it done by April! If I make this goal me and dd are going on a weekend trip! Can't wait!!


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