This week in Keeping Pace we are learning about the envelope system of keeping track of your money. It's where you cash out your paycheck each month, and put all of the money into envelopes according to what needs to be paid and then you pay off your bills that way. For example:
Housing $900
Electric $150
Water $75
Grocery $450
Daycare $350
Entertainment $200
Car Pmt $200
Insurance $50
So you would just label the envelopes and put the money in them and then pay you bills with cash.
This syst…
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Posted on November 3, 2008 at 10:57am —
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