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Envelope method

April 24th, 2006 at 02:02 pm

I like this method, although I've only recently started using it. I withdrew money from the bank today (300) and divided it between envelopes: holiday and mum's present. Okay there was only two. It's a good method, I know that I'll need to take more money out in a couple of days for my driving lesson and for when I pick up some shopping on Friday. It's only a couple more weeks till I get paid again so I should be fine.

I had some change in my purse so that went into my other change jar that me and my mum are both putting change into. It will probably be used in the Coinstar machine for a shopping trip in the future.

2 Responses to “Envelope method”

  1. carol Says:

    You are on the right track with the envelope method. Why not take it one step further and label envelopes for driving lessons and shopping? This is the method I use and it works for me when I go to cash my check.

  2. scottish girl Says:

    Good idea. The only one that's labelled so far is the holiday one, and that's only because I have to give my boyfriend's mum the money (she booked it). I usually write the amount that's in the (holiday) envelope too.

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