Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • mumofthetwins
    • By mumofthetwins 15th Apr 18, 1:43 PM
    • 1,042Posts
    • 4,027Thanks
    Budget planning and envelope system
    • #1
    • 15th Apr 18, 1:43 PM
    Budget planning and envelope system 15th Apr 18 at 1:43 PM
    Hi guys ... I'm sooo chuffed I have managed a NSW and I have now dedicated a side cupboard to my newly organised finances

    I have made a new budget planner and an envelope planner but I could do with a little help. I am planning to use the envelope system for my groceries (separated into weekly amounts) I have a one for guitar lessons as I pay for these in cash and petrol (going to start in cash) as I'm being pretty frugal I don't intend and haven't for a long time spent on clothes (my mum picks up some mega bargains at the car boot all designer and great quality and she won't take anything for them) the boys lunches have to be paid online and I'm not sure what else to allow for ?

    I have savings accounts for car and annual insurances and all other bills are DD ...

    I'm determined to do it this time so any advice would be fab

    Lisa x
    July 0/17100
    June 2400/19500 Murphy 500/500
    May 3085/23042
    April 1266/25843 STF 1500/1500
    MFW OP 2018 600/1600
Page 1
    • Karonher
    • By Karonher 15th Apr 18, 3:56 PM
    • 518 Posts
    • 2,165 Thanks
    • #2
    • 15th Apr 18, 3:56 PM
    • #2
    • 15th Apr 18, 3:56 PM
    What about pocket money or entertainment for the boys? Birthdays and Christmas as well. Could you run to a "because we want to" envelope? It could be anything - even just a couple of pounds a week towards a takeaway or something when you all need a treat.
    Getting ready for Christmas 2018

    Aiming to make 5,000 online in 2018.
    • foxgloves
    • By foxgloves 15th Apr 18, 3:57 PM
    • 4,465 Posts
    • 23,916 Thanks
    • #3
    • 15th Apr 18, 3:57 PM
    • #3
    • 15th Apr 18, 3:57 PM
    Hi Mumofthetwins - Sounds like you've had a good week!
    I use an envelope system as part of our household budgeting. I think it's quite a personal thing, depending on what you find it useful to save or have a pot of money for. We have 6 piggies:
    1. Car maintenance.
    2. Clothes
    3. Holiday
    5. Presents
    6. Household maintenance
    Grocery budget is separate, as are bills & petrol & we each have a cash sum every month for Personal Spends.....that's our own to spend on what we like, but when it's gone, it's gone.
    Money can't jump out of your purse on its own so ask 'Can I borrow one, make one, grow one, bake one, re-purpose or recycle, acquire it for free?' Yes? Then put that purse away & keep your money because little savings grow!
    Loan pay-down fund instalment 2 = 470-01
    Payment received from surveys: 2015 = 320 2016 = 210 2017 = 304 2018 = 403
    • mumofthetwins
    • By mumofthetwins 15th Apr 18, 4:03 PM
    • 1,042 Posts
    • 4,027 Thanks
    • #4
    • 15th Apr 18, 4:03 PM
    • #4
    • 15th Apr 18, 4:03 PM
    Thanks for the replies guys ...
    I think I will set up an entertainment fund - I don't really do much but the boys do occasionally want to go out with friends so would be a good idea.
    Also a presents one ... never thought of this but there are a couple of birthdays I do tend to buy for and obviously Christmas.
    Car maintainece I Cover with online saving account but the entertainment and presents would be handy to have in the house ... I can always roll over to the next month any which is not spent.

    Thanks guys x
    July 0/17100
    June 2400/19500 Murphy 500/500
    May 3085/23042
    April 1266/25843 STF 1500/1500
    MFW OP 2018 600/1600
    • Dobbibill
    • By Dobbibill 15th Apr 18, 4:59 PM
    • 3,417 Posts
    • 4,440 Thanks
    • #5
    • 15th Apr 18, 4:59 PM
    • #5
    • 15th Apr 18, 4:59 PM
    An emergency fund,
    house maintenance,
    include Easter (if you celebrate it) in the presents account.

    I love the enveloping system
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to Any views are mine and not the official line of

    It's not about being the best -
    It's about being better than you were yesterday.
    • Drawingaline
    • By Drawingaline 15th Apr 18, 5:39 PM
    • 508 Posts
    • 1,653 Thanks
    • #6
    • 15th Apr 18, 5:39 PM
    • #6
    • 15th Apr 18, 5:39 PM
    I use YNAB which is an electronic envelope system, so I have one bank account but all the money is put into categories and I check the categories rather than my bank balance before spending. Therefore I have quite detailed categories. But the ones outside of the direct debits include all the kids different activities, all my yearly subscriptions (Xbox, playstation etc) car stuff (maintenance, insurance, tax, RAC, petrol) savings (home improvements, EF and tax for self employment) holidays, general (haircuts, medical, Xmas and birthdays) food, and then entertainment (cinema, eating out, taxis etc)

    So very detailed but not much of it is actual cash but 'envelopes' in my bank account.
    • spudsmum
    • By spudsmum 15th Apr 18, 5:50 PM
    • 345 Posts
    • 1,820 Thanks
    • #7
    • 15th Apr 18, 5:50 PM
    • #7
    • 15th Apr 18, 5:50 PM

    I have various pots that I put my money in.

    Insurance - self explanatory
    Christmas - self explanatory
    Cars - maintenance, tax and services
    Household - decorating and anything (small items) that needs replacing
    Fun money - anything we want rather than need including days out and treats
    Emergency fund - in case of boiler/appliance breakdown etc
    Miscellaneous - anything not covered by the above.
    Total debts 21050! now 18934.52 . 1% challenge 1641.25/15000 (10.94%) Total extra income made in 2018 2544.79 frugal budget 2018 6253/7600 Aiming for debt free at 40 - only 24 months to go!
    • datlex
    • By datlex 17th Apr 18, 9:28 PM
    • 1,846 Posts
    • 1,810 Thanks
    • #8
    • 17th Apr 18, 9:28 PM
    • #8
    • 17th Apr 18, 9:28 PM
    Enveloping whether in physical envelopes or via savings/current accounts is great for making your money go further.

    What you have to remember to do is allocate both on pay day eve and pay day. Pay day eve is the day before pay day, when you can send any left over "spends" money to one of your savings pots. You'll probably find that using the envelope system makes you think before you spend and you will have money left. (you can put the excess into an easy access account.
    • Sunkencosts
    • By Sunkencosts 18th Apr 18, 11:26 AM
    • 93 Posts
    • 95 Thanks
    • #9
    • 18th Apr 18, 11:26 AM
    • #9
    • 18th Apr 18, 11:26 AM
    I too use YNAB and I find it really helpful to have loads of different allocations, including one titled "stuff I forgot to budget for!" (which tends to actually need loads of money for it, I''m still learning!)

    entertainment definitely has it's own category
    fuel for cars

    They are the things we mainly pay for in cash, most other things come out on a dd.
    Emergency 404.38/1000 Car 200/600 Christmas 250/800 Holiday 250/600
    Grading 30/90 presents 40
    Total debt Jan 2018 53,938
    April 2018 47,780.52
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,040Posts Today

9,279Users online

Martin's Twitter