I'm a big believer in the notion that cash is king when it comes to paying for items. If you don't have the cash, you can't afford the item and shouldn't buy it. Traditional means of budgeting to help curb spending is the Cash Envelope system. But there are clearly some disadvantages of that. There's also a 21st century version of the Cash Envelope system called Virtual Envelopes. We'll explore how you can implement a Virtual Envelope system using your budgeting worksheets.
Budgeting Worksheet Tip : Pay_off Debt _ Not surprisingly, most people want to budget to pay_off their debt. Try to find a budgeting worksheet that actually helps you do that! A really good budgeting worksheet should have some capability to organize those debts and give you some options on how to pay them off as quickly as possible. The worksheets themselves can't pay_off the debt, you still need to do that part! But the worksheet should allow you to shift money around on paper (computer screen) so that you can see the financial impact on your budget. Giving up a small amount of spending in your discretionary categories and applying some of that money to your debt load will dramatically improve your financial situation. Before you know it, you'll be able to apply that extra money to your new goals _ without going into debt!