Traditional Approach: Cash Envelopes for all your Spend Categories _ One past useful money budgeting technique was to set up your saving and bill paying system using cash envelopes. Basically the cash envelope system consists of keeping separate envelopes for your spending categories and populating them with cash from your income source. Then when a bill comes due or you need to go shopping for food or an item you need, you simply pay for it with cash from the appropriate envelope _
The purpose of a budget worksheet is to help align your earnings and spending with your savings and financial goals. A budget worksheet gives you a solid, workable plan to reach your goals, whether that is saving for retirement, a vacation, or a child's college fund _ Because here is the catch: next time you hear yourself saying "I wish I had more money" ask yourself what are you doing about it. Most people don't have an answer to that question, so they spend their time wishing. Over and over, the statement is said with no action.