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Home > New system, let's cross our fingers!

New system, let's cross our fingers!

January 13th, 2007 at 10:06 am

So I decided to start using an semi-envelope system. Semi meaning that I'm not going to put every penny/dollar I earn into an envelope... But most of it! That way I dont have much cash on hand and I can just deposit my money when I need to write a check or such. I figured it would keep me from spending the money I have on hand. It'll also be better for my insurance, which I pay quarterly. I end up not saving anything in the off months (though I plan to) and have to come up with the whole of the bill every 3 months. If I stash it in an envelope it wont get spent. Let's see how it goes...

In other news, I started a spreadsheet of how much I pay per item on all the reciepts I've kept since May. It's interesting to see what stores have the cheaper prices. I only really shop at 2, so it's kind of entertaining. I also hopped on the ball and went to store locators for Aldi and Save a lot in my area. Not sure why I didn't do this sooner.

Today did in fact end up being a no-spend day. My coworker bought me dinner after I got off my shift. I made decent money as well. Tomorrow will be yet another night, though saturdays are generally bad for me in the earning department. I'm the last server in... bleh.

I'm hoping tomorrow will be another no-spend day. I'm rackin 'em in this week! It does wonders for my challenge, that's for sure. I'm hoping to do some cooking. I got the ingredients to make my zuchinni soup. That may be on the agenda... and I want to plan my meals out for the week tomorrow. And make a list of the purchases I've been planning for a while. Perhaps sort them into want/need categories and develop a plan for eventually obtaining them?

BF had talked about going to a party after I get off work, and though it could be fun I'm not sure if I want to foot the bill for the liquor store. I'm thinking I may just go home to a relaxing evening in my PJ's.

Me and BF preordered our copies of the World of Warcraft expansion the other day... that means I have to shell out $40 to him here soon. There goes the entertainment expense Smile I also have to journey to the bank yet again to try and get things sorted out, because until I do I cant play my beloved game anyway... my account is heavily overdrawn so they suspended my online account. Erg. I also cant transfer any money to my emigrant or pay the interest on my loans until then as well. So annoying.

At any rate, I better get some sleep or I wont wake up until 4 in the evening. Sheesh. I cant believe how late it is. No wonder I have a headache... I need to eat.

Goodnight/morning, everyone!

Challenge total $29.25
+ Change-work $1.46
+ no-spend day $1.00
New Challenge Total $31.71

3 Responses to “New system, let's cross our fingers!”

  1. living_in_oz Says:
    1168701240

    Hey! I just started the envelope system too! Actually, I started it at the beginning of the month/year. I'm 2 weeks in, and so far so good!Smile I REALLY think this is going to work for me! I do keep most of my bank in the bank, though, for bills and such.
    Here's my weekly cash envelope catagories:
    Food $100
    Allowance(kids) $25
    Entertainment(for DH and I..like a movie) $25
    Lunch money for DS(I pack lunches for my 2 girls and I) $15
    HBA and household $20
    General/Misc $100
    The rest goes into the bank and into "invisable" envelopes.

    Of course your's will look completely different than mine.
    Good Luck!

  2. LuxLiving Says:
    1168719674

    One thing some folks do is to write out a monthly check for the insurance and just stick it back. Not cashed, not sent in, just written and subtracted from the checkbook. When the bill comes in you just stick the three checks in their (hopefully) prepaid envelope and ship it off!

    This would have to be the way I would do it if I was trying to keep the cash local. If I had it in my hot little hands I'd be apt to spend it!! I admire you if you don't!

    For me I just stick the monthly amount back in my online savings and have it ready when the bill comes in.

  3. Broken Arrow Says:
    1168873891

    Taking solid steps towards good personal finances? Sounds great!

    Oh, and let me just say that I am glad I never (but nearly) got sucked into WOW. The Burning Crusades are generating quite a bit of hype right now.

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