No-Spend Month: Day 29

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We are starting Dave Ramsey’s envelope system on Sunday to help us keep our spending in check after our no-spend month.  We will decide together how much we will spend out of each paycheck on groceries, eating out, clothing, etc. and adjust as needed (next payday) until we have amounts that will allow us to purchase what we need without blowing too much on what we want.  Each category will have an envelope with cash to be used for that purpose.  We haven’t ever used the envelope system before because neither of us remembers to carry cash, but I think this no-spend month has trained us not to use our debit cards.  I think the envelope system will be a tangible way to show our children how to stick to a budget.  When we always used our debit cards, they assumed we had a never-ending supply of money.  That mindset has to change.  We don’t want to raise entitled children who think they deserve to have everything they want when they want it.  I’m not planning to post everyday next month, but I’ll keep you updated from time to time on our progress.  Let me know if you have used an envelope system or something similar and how it worked/works for you.  I’d appreciate advice too!

I am planning to make a wallet like this one or at least some fabric envelopes.  I found the tutorial for this one on this site.

 

The kids and I stayed home all day, so we spent no money.  My husband came home for lunch, so he didn’t spend any money either.  I didn’t sell anything, so it was a boring day financially.  

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About Leslie

I am a wife and mother of four, who loves organization but is dealt a new hand of chaos each day. I love Jesus, my husband, and each of my unique children. I strive to foster these relationships and bring a little organization to our chaotic home. I want to be a better blogger, but, truthfully, this is just not as high on my priority list as the aforementioned relationships or the state of our home.

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