Creating and following a budget can be very hard work. It's so hard, in fact, that most people give up after a few short weeks, or even days. There are all kinds of reasons people give up. Perhaps the most commonly overlooked and easiest to correct has to do with the budgeting worksheet or tools they use.
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.