How to Budget Using Envelope System?
By SiliconIndia | Thursday, October 27, 2011
With this system you know exactly how much money you had spent on different things and how much money is left to tide through the month or put into savings. Here are a few steps you need to follow.
Create A Budget
Before you begin, you need to bear in mind that when creating any budget, it will not appear perfect on the first draft. Have a clear idea of how much money is coming in, and what is spending nature. How much of your income is spent on house, paying bills, clearing debt, and family. These are usually expenses that have a set amount each month. The budget you make should be a reflection of your current financial situation.
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