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here I mentioned that I was going to try the envelope method for April, but only with gas, groceries, allowance, and dining. It went okay, and I think I'm going to change our bill organization because of it.
In the gas envelope we had $60. I think we burned through that by April 10 or so - due to the gas prices and extra Easter travel. Since we couldn't go the rest of the month without filling up, we just scrapped that budget and filled up when we had the money.
In the grocery envelope we had $100. This lasted almost the whole month, until it came time to buy food for the party, then it ran out.
In the dining envelope we had $100. This lasted the whole month - no problem.
Allowance we usually divide up weekly, and I just gave it out all at once. I liked this much better, but I don't think Brent did.
All in all, I don't think I'll do this again. I didn't feel comfortable carrying a huge wad of cash with me everywhere, and every time we went out, I had to run in my office and get the envelope. I did like having extra for groceries for stocking up, but then I had to scrimp at the end of the month. The best part I think was not having to be so anal all the time about every penny. Usually I would have to get groceries and gas on Tuesdays - right when Brent got paid - pay bills, and then scrimp out the rest of the week until the next Tuesday. April was much less stressful.
So, here's what I'm going to change.
Gas - screw the budget - it never works anyway. Drive as little as possible, and fill up when I need it.
Groceries - still try to keep it under $25 per week and use the pantry as much as possible. I still want to keep some cash on hand for when we buy milk and eggs (from farms, not the grocery).
Dining out - We go out on Sundays after church. If we have extra cash during the week, we can go out. If not, well, too bad.
Allowance - Since I like it monthly and Brent likes it weekly, maybe I'll just change it to the 1st and 15th of the month. Good comprimise.
We'll see how this new situation works out for now.
Labels: Saving Money