Advertisement -- Learn more about ads on this site.

Secrets of Success

< Secrets of Success Main Page    Submit a Secret

Budgeting

53

Members Were Sparked
This Sparked Me!

Each pay day I take out a set amount of money for my groceries, gas, and free spending. My grocery money goes into one envelope, my gas money into another, and my free spending money into a third. Paying cash for everything has enabled me to save more money than ever before.

MORE INFORMATION:
This system also enables me to live debt free since I am no longer making purchases on my credit card.
- Submitted by IWPEANUT 5/10/2010 in Saving Money | 3 Comments
Please note these are member-submitted secrets and are not reviewed by SparkPeople's health experts for accuracy. If you feel a secret is inappropriate, please click Report Inappropriate Secret and our staff will review it.

IWPEANUT's Other Secrets of Success

  • No Other Secrets of Success

Tags

  • No Tags

Member Comments

OURGODISAWESOME 5/11/2010 10:48:00 PM

    This is a great idea! I do this too. I don't even have a checking account. Just a savings where I deposit my checks by avoiding to pay check cashing fees. Everything I buy is via CC and at the end of the month, I deposit my checks to pay off the CC. I earn miles on the CC, don't pay any finance fees, and don't over spend because my checks aren't cashed until the day before I pay the CC off.
BROWNIEISLANDER 5/11/2010 9:12:00 PM

    I use the separation method as well.....placing the alloted.....
amounts for various bills aside....Also making sure i put aside some savings as well. emoticon
ANTSOP 5/10/2010 12:14:00 PM

    Nice! Something to really think about - I might just use this!!

Leave encouragement, a question, or anything else relevant to this. All comments must abide by SparkPeople's Community Guidelines.

Log in to post a comment.

Related Secrets

Diet Resources: restaurant healthy food | healthy restaurant meals | healthy fast food restaurant