Envelope saving old style in a new age!

BEAT_THE_DEBT

Hi just wondering do any of you budget the envelope way be it online or in pots or envelopes for mot dentist Hair etc or do you just "find" the money when needed?

springdreams

I'm a "find the money when needed" type.

Although I do know that I really should put the money aside for these things ...

LameWolf

Envelope saving via spreadsheet. The money is "earmarked" and goes on a separate page, so we know what's been allocated where.

Ches

I keep a running total of each catagory on the side of the speadsheet and enter the totals at the end of the month

patchwork_cat

Envelope style in a broad range with web savers in online banking. eg Christmas, bills etc. Have about 7 web saver accounts linked to main account.

Wicked_Lady

Similar to Patchwork Cat I use different pots within my bank account to save for major bills and expenses.


I currently have one in use for car tax and insurance plus house insurance as these all fall together at an expensive time of the year.


I also do a bit of a ready cash envelope literally for holiday spending.

BEAT_THE_DEBT

I have 6 e saver accounts also. Dentist,hair and beauty, wood, car mot and repairs and Christmas. I also like envelopes for holiday spends x

Brambleberry

Same idea as LameWolf - I use a spreadsheet version and will occasionally "borrow" from myself to smooth out any seasonal bumps instead of using my overdraft or credit.

missbiggles1

YNAB

http://www.youneedabudget.com/

ScotinLondon

I do the same as lamewolf & ches. I have separate savings accounts for big stuff ie travel card & study fees, a house account for household bills, then further accounts for the car, holiday, house upgrade etc

A spread sheet keeps everything updated.

summerlady_2

I use a combination of spreadsheet and bank accounts. If I manage to go under budget with groceries, utilities, clothes, craft spending the extra goes into my "little" savings account as it is made up of small sums and can be used at any time if I spot a bargain for example.


I also put a sum away each month in a "big" savings account for car bills, holiday, insurances, birthdays etc. I can only take money out for one of these things when they come due and I do not spend any excess as I will need that for a new car eventually.