How I spent my money this week
- Eating Out: $63.44. $35.00 of this was Chinese Food last Saturday night. We stayed in and watched movies.
- Car Registration: $41.75
- Gasoline: $43.00 (on fill up)
- Groceries: $28.57
- Car insurance: $607; Umbrella Insurance: $264
- Spring track uniform requirements: $175.00 (This is a bit higher than usual because my son needed a new uniform since he grew out of last year’s.)
What’s working for me
Cash Envelopes. Yep. I can’t believe it’s taken me so long to join this bandwagon. Since most of our extra cash is going towards saving for college, retirement and emergencies, my budget is tight. There is no room for error (or, in my case, overspending).
Three of my nemesis categories are:
I have been stuffing each of these envelopes with cash every week. It is a constant reminder of what I can spend, vs. what I want to spend. Using cash has made me think outside the box and become creative.
And it’s been working.
Quite well, actually.
I’ve included dry cleaning costs in this budget. Over the past two weeks, I’ve had to pull cash from this envelope for my husband’s shirts. However, before I did, I made sure I had coupons. No big deal, right? This has saved me over $20.00. $20.00 that can stay in my envelope to purchase new clothes….as soon as I lose 25 lbs….. (At this rate, I should accumulate quite a bit of cash in that envelope before that happens!)
Thanks to cash rewards and gift cards from our Chase card, my gift envelope is filling up nicely and not being touched. Also, a more realistic view of what I can give has helped.
Ah. I’ve been able to save more in this category than anywhere else. I’ve actually put things back on shelves (gasp!), because I didn’t have the cash to pay for it. Pretty simple, when using cash, but not so much when paying with a debit card. We’ve also had very little food waste. A side bonus.
Other categories that I use cash envelopes for:
And a few special envelopes that I’ve created for future expenses:
- Dorm shopping (items needed, not decorating)
- Graduation (party and gifts)
- Summer Fun (weekend getaways, i.e. Hershey Park, the lake…)
- Running Camp (my son’s last year in cross country )
I’m excited that I will have the money already saved by the time these events occur. What a novel concept….(said with tongue in cheek).
My financial ‘highlight‘ of the week
I received my very first blog income after 6 years!! $93.75!! Don’t be jealous, k? I hope that I will have future opportunities to earn a bit of cash from this little ole blog. ! I just want to say thank you to all of you who come and read my stuff. It makes all of the time I spend on this space so worth it!