Envelope Budgeting System

Hi guys! I am back again with another DIY/tutorial.  This time, we are talking about budgeting. Since it's January and everybody's up for a fresh start, what better way to create new habits, right?  I bet managing our finances better is one of your New Year's resolutions, so I'm here to help.  This system I use because not only it is simple and easy to manage but more importantly, practical.  I have been using this for quite some time now and I love it because it helps me track my finances and helps me save up more.
Envelope Budgeting System


For our envelope budgeting system, we will need, obviously:
1.  Envelopes
2. Sticker paper
And of course, cash :)
Envelope Budgeting System
First thing we need to do is to categorize.  Think of things you usually spend your money on, on a monthly basis then think of things you want to save up for.  I usually manage both our money, hubby's sweldo and mine.  For the expenses, I made categories for food, groceries, utilities, date nights, personal expenses/allowance for me and the husband, pets, emergency fund, and credit cards.  As for the things I want to save up for, baby fund, insurance, and travel fund are my categories.  After categorizing, you want to download the template here then print it on your sticker paper.
Envelope Budgeting System
Next, all you need to do is cut the labels you made and stick it to your envelopes.  I can customize the colors of the template for you or even the labels/categories if you want.  Just add and message me on Facebook and I would be truly happy to help :)
Envelope Budgeting System
Now, it's time to allocate.  First, know how much your average monthly allowance is.  Now, you will put money on your "save" categories first.  It does not have to be a big amount, just make sure that you put something in it every month.  Then, determine how much your average expenses are for each category then place the said amount to their respective envelopes.
Envelope Budgeting System
Just do this monthly and you will be amazed how easy it is to manage your money.  I also keep receipts on each envelope to track my expenses better.
Envelope Budgeting System
Do you practice this system too?  How do you find it? Share your tips on the comments section below :)
Hope you have a nice day everyone!  Happy budgeting!
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14 comments:

  1. Hi Angel, Do you have a printable of these stickers? :D

    www.glendacandedeir.com

    ReplyDelete
    Replies
    1. yes sis, like us on facebook. eto yung album https://www.facebook.com/media/set/?set=a.1574474972771614.1073741829.1440928022792977&type=3

      Delete
  2. I have envelopes too for budgeting!

    --

    nhengswonderland.blogspot.com

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  3. Tooo nice! ;) i dont have envelopes though. I have opened up mutual funds for a couple of projects needing funds! But your envelope idea is great for short term financial goals!

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  4. this is amazing dear.. i want to try this!
    love,
    Cassie Thriftier

    ReplyDelete
  5. I also use the same system, only I used the expandable plastic envelopes I got from the bookstore. I haven't had a chance to prettify it yet but your post gives me ideas. Thanks for giving us another creative inspiration!

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  6. Kung ganyan kagaganda ang envelopes ko, talagang gaganahan akong magbudget! :)

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  7. I actually like it a lot. I did it before although it didn't quite work for us. I just stopped doing it but actually think of implementing it again. I need a better strategy, hehe.

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    ReplyDelete
  9. Hi, I enjoy reading your site! Is it okay if I contact you through email? Please email me back.

    Thanks!

    Harry
    harry.roger10 gmail.com

    ReplyDelete
  10. Ang kyut naman. Hindi nga lang ako magaling mag budget. Lalo kasing sumasakit ulo ko pero I know it's not wise if I will continue like this. I like the labels that you've chose.

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    ReplyDelete
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leave a comment below and let me know what you think. please put your blog link so i can visit your blog :) thank you!

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