Tip _ Write Needs/Wants on a Special Worksheet _ As members of your family express certain needs and wants, it is helpful to record them on a needs and wants worksheet. This will help to spend money wisely as it becomes available instead of make impulse buys and forgetting what you really wanted or needed.
The biggest advantage of Virtual Envelopes is that your money is safe in a banking institution instead of cash in envelopes in your house. Just imagine if you hade robbery, fire, or just plain old forgot where you put that cash envelope with your rent payment. Not a fun time trying to recover that!