money jars and budgeting

Hannah_10

Rummer wrote: »

I would love to use jars but my OH laughed at the idea

Tell him if he doubled his salary you wouldn't need to budget. No? Ok then, jars it is! :money:

tiredwithtwins

haha, im with juliegeorgiana on this - my jars are mainly online banking ones! although id only need about 15!! (my sealed pot challenge is an online bank account i put money in on payday)

i do have an old jack daniels presentation tin that we throw 1ps/2ps/5ps in - was £26.02 yesterday when we emptied it at the coinstar machine (ouch! 9p/£!) which paid for a kfc
i also have a small pot in my knicker drawer that i chuck £2 coins in and use them to pay for nice underwear when ive saved enough up.

pixie1

I did this while i was on an extremly tight budget paying off my mountain of debt that i stupidly got myself into. Ive let it slide over the last 18 months but after reading this and also as we are down to one wage now Im thinking it would be a good idea.

We use our cards all the time (debit card, not credit cards) not really taking it in as to how much things cost.

Yes, Im back on the jam jar band wagon!!

Thanks OP

Pix

Kantankrus_Mare

Rummer wrote: »

I would love to use jars but my OH laughed at the idea

Sounds just like my OH.

I have bought one of them tins with a picture of a £50 note on it and left it in the kitchen cupboard.

I make sure OH is always in the kitchen when I drop the odd pound coin or my small change in.

He put 2p in this morning. :rotfl:

Anyhow, mine is for next January.

Thats when my share of allotment rent needs paying for (about £45)

Hoping there will be enough to cover this and also enough to buy all seeds, compost etc ready for the summer season as I never seem to have the cash to spare.

Heres hoping OH puts a bit more in as he reaps benefit of allotment produce and in theory saves us money anyway.;)

Curlytop40

I do envelopes. After all DD's, including savings ones have gone out I like to work in cash as its too easy for it mount up on the CC and DC. I have an envelope for every week for groceries etc, one for spare for the month and then christmas/birthdays, holidays,treats-for days out etc in the school hols, clothes and I just started a new one today (payday yesterday so I take it all out at the beginning of the month) of 'rainy day'. I find this works for me. I know how much petrol, catlitter and catfood cost me a month and then allow myself between £20 and £40 per week. Can usually manage on around £20-25 but feel pressurised if I put too little in. I'm doing £30 this month as its a 5 week month. Any spare will go into the rainy day envelope at the end of the week. It works for me-I like to see the cash mount up and its surprising how quickly it does.

prophecy_grrl

Hmmm this is food for thought for me. I'm anticipating tough times over the next few weeks/months due to DH's employment ending in 2 weeks time, and this sounds like a good way of working. At the mo I have a few bank accounts, one for all the direct debits, one for creche fees, one for mobile phone bills, a current account for everything else (and 2 savings accounts that are v. sparse looking!)

I'm going to subscribe to this thread as a possible plan of attack for staying out of further debt in the coming months.

Thanks OP x

ETA - I have just realised I have a bunch of empty jars stashed away in the kitchen cupboard for the jam making / preserving that I never get around to!

destroyerofdebt2011

Started do this over the last few weeks but also have 2 other non money jars.. one for little comments of what positive things i have found ideas that work to keep me motivated like paying off a certain debt, meeting a target, finding a new receipe i enjoyed etc and the other jar is full of the negatives so that when i feel like ive hit rock bottom i can read thru and realise how far i have come, helps me from getting depressed and overwhelmed. while the other jars are growing... hopefully!

lilac_lady

I have a £2 pot (again) but put in 50p coins too as there's not many £2 coins around here. The 50ps will be divided among my grandchildren for holiday spending money. I use the £2 coins in December for Christmas shopping.

hermum

I think that jars are a great idea. You can see your money grow. Better go & eat a few jars of jam.

ianbar0

the perk i like is if you can keep just under your budgets you then end up with a nice bit of money "spare" i often use this as holiday spends etc but its good to keep it and then its there if you need it. jars are best as i dont like not knowing what i have if its there infront of you , then you know exactly how much you have to coast in the motor so you dont overspend lol