![]() It also makes tax time, investing, and budgeting for large expenses ludicrously easy and stress free. Tracking each cent might seem tedious, but I reconcile my accounts each weekend over coffee and derive a tremendous amount of relief knowing that I have an exact picture of my finances. And others are paying forward, such as savings for a holiday or a BSD conference! If life happens and you need to spend more in a category, you can cover it by lowering it from somewhere else. Others are more flexible, such as groceries and homelab parts. Some are fixed expenses, such as rent or regular charity donations. Each month, divvy up your total income into virtual envelopes. ![]() The strategy for using it is surprisingly simple. I always know where every cent is, and just as importantly, what the job of each cent is. ![]() It’s hard not to talk about the envelope method of budgeting without sounding like a fanatic, but it’s been so transformative in how I’ve managed my finances over the last half decade. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |