paper envelope
Labels:
credit and finance
1
"Traditionally, many people managed their money by dividing their cash into several paper envelopes. An envelope for food, clothings, utilities, etc. They then spent their money from these envelopes. They always knew how much money they have left and how long it had to last."
I have noted this article which I have read somewhere from the net some time this week. The funny thing is, I didn't even know that this is indeed a traditional way of budgeting for some people cause get what... I once tried doing it too before. Being a new mother, a budget manager of the family, and as much as I want to eliminate debt, I always see to it that everything will fall into place, financial wise. So I have an envelope for food, my daughters' savings, and for various utility bills...
Eliminating debts is such a hard decision to do. It requires lots of sacrifice. Now, even though I have to temporarily terminate that practice, saving for my daughters and hopefully living a peaceful, debt-free life in the future remains my innermost goal.
Helpful link:
How to eliminate debt
I have noted this article which I have read somewhere from the net some time this week. The funny thing is, I didn't even know that this is indeed a traditional way of budgeting for some people cause get what... I once tried doing it too before. Being a new mother, a budget manager of the family, and as much as I want to eliminate debt, I always see to it that everything will fall into place, financial wise. So I have an envelope for food, my daughters' savings, and for various utility bills...
Eliminating debts is such a hard decision to do. It requires lots of sacrifice. Now, even though I have to temporarily terminate that practice, saving for my daughters and hopefully living a peaceful, debt-free life in the future remains my innermost goal.
Helpful link:
How to eliminate debt
yea totally difficult to manage money!! :( and so much more diff to eliminate debt :(