October 29, 2013
DIY Budget Envelope Inserts
I’ve had so many requests for budget envelope inserts and I finally added them to the shop. They are included in The Simplified Life Budget + Bill Pay Kit but you can also purchase them separately as well. In case you’re curious, here’s how they work. (This is not a new concept, I’m not sure who came up with the envelope system, but Dave Ramsey (I’m a huge fan) made it famous!)
Print out the sheets – there are 9 sheets included in the kit, but there are 3 inserts per page which totals up to 27 insert possibilities – you can mix and match and write in your own categories if you’d like.
Plain old white envelopes work fine, but if you are looking for something more functional and absolutely adorable, check out the shop A Time for Everything.
Fill them in like this – easy, peasy!
You can find the Budget Envelope Inserts in the shop here.
If you are interested in the whole Simplified Life Budget + Bill Pay Kit go to this post.
Victoria G Says
These are just what I needed! Thank you, and thank you for the simplicity of all your designs,
Betty819 Says
I am trying to understand how this Dave Ramsey system works..The only outstanding debt we have is our equity line acct. Payments are under $100 but we send $600 each month, so the way I figure it, it should be paid off in five years or less. When you go to the bank, how do you figure out how much you need(demonations wise)? We eat out for lunch or dinner way too much. I can do with soup, salad or sandwich many times but DH wants a balanced meal. You can’t teach an old dog new tricks! Every heard that saying? He likes to eat too high off the hog!
What if you budget so much for groceries and you don’t spend that amount; what do you do with the excess? Do you leave it in the envelope for the next month or use it for another category? What do you do with the change(coins)you get back from paying a bill? Drop it in envelope or just drop it in your piggy bank at home or take all change and exchange it for dollar bills? I rarely buy myself clothes although I need some new ones now. I like the idea of the printable that allows you to record what you spent each place and it’s taped or glued to outside of that category’s envelope.
Becky Says
Post authorHi Betty!
You simply decide what your budget is for that week (or month) for each category. Then you go to the bank and withdraw the cash and put that amount in the envelope. When the money is gone for the week or month it’s gone. You can borrow from other envelopes but not get more money from the bank. The theory is that seeing the cash come out of the envelope makes the spending a little tougher and you have to really think about if you want/need that item. Hope this helps!
xo, becky