As you all know, I am using $75.00 cash per week for our grocery, HBA, and cleaning budget. Every week I put another $75.00 into that envelope.
But I am also using another cash budget and that is the budget that covers lunches out, our haircuts or my color, our home decor(little things like pillows, etc.), stamps, clothing, car washes, gasoline, etc. You know the things that you are always reaching into your wallet to pay for weekly. We have determined that we need $100. per week to fund that. So I have an envelope for that in my Dave Ramsay wallet also. The same day that I put the money in my grocery envelope I also fund this other envelope.
I have a hair appointment next week and I always overspend on my hair, so I am trying to cut back on this expense. I definitely need a haircut and perhaps roots done. But I am considering no more highlights since they are so expensive. I might even color my hair at home again. We’ll see how it all works out.
Hubby and I rarely eat lunch out especially now that we are on the Keto Diet. Home decor is not something that I buy on a regular basis but sometimes a pillow will wear out. We won’t be buying much clothing except as we go down sizes and those sizes will be cheap clothing just to hold us to our next downsize. I have no problem buying at second hand stores.
Car washes only happen in the winter. Gasoline is about once a month unless we go on a trip.We use very few stamps a month unless it is Christmas card time.
So Hubby and I are thinking this money will be enough. If not we will up this budget.
We will lose a few points by not putting all of these expenses on our credit card. However it is worth it to me to not have to check all of these little expenses on our bill. Only our fixed expenses will be put through the charge account.
These expenses will be tracked each month on the envelope. The extra envelopes in my wallet house my ECB’s and coupons for CVS, Rite Aid and Walgreen coupons so that I am always ready to stop at these stores when I happen to be in the area.
This wallet is always with me so I go out the door knowing that I am prepared.
I am hoping to bring our spending down on some of these expenses. It is too easy to just pull out the card instead of paying cash. It makes it way too easy to spend more than you want. Even though we have always and still do pay our credit cards in full every month, I want to try it with cash and when the cash is gone each week it is gone until the envelopes get funded the next week.
I know that I have many people reading here who have credit card debt. If you do you should be paying cash for everything and not running your credit card bills any higher. That is how people get into major trouble. Pay down that debt by working out a monthly budget and sticking to it. Use cash for your groceries and everyday expenses and see how it works for you.