September 26, 2019

The Envelope System for financial freedom

I am a fan of the envelope system! I know many people who have good intentions are challenged to make a budget and it never works. They do the calculations based on last year’s spending and this gets very complicated because financial planning is the act of telling money what to do rather than asking where it went. It is the best way to stay within budget. The correct thing is to make a list of all your actual expenses, and put every penny to be spent on paper before the other month begins. This will give you a list of where you usually spend your money. The envelope system…