Alternative Approach: Use Virtual Envelopes for most of your Spend Categories _ In today's electronic world, there's a version of the envelope system that can take the old proven approach and revamp it for the 21st century: Virtual Envelopes. Built on the solid foundation of the Cash Envelope system, Virtual Envelopes works seamlessly with your existing cash envelopes and your budgeting worksheets. The only difference from Cash Envelopes is that for some budget categories you will now deposit the cash into your bank or credit union and manage those categories online, or "virtually." Hence, the term Virtual Envelopes.
By the time you finish reading this you'll have a practical plan to take the first steps to becoming debt free. Budget Worksheets lead the way! _ There a number of tools available to build free budget worksheets and choose the one that is appropriate for you. It could be a spreadsheet on the computer, a ledger book that you pick up at an office supplies store, or a piece of paper and a pencil. The important thing is that you take just six steps to life in a debt free world.