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First Week Back / Cash Envelope System

January 9th, 2015 at 11:17 am

We had our first week back at work this week and the first couple of days were really tough. For me, I was tired, and for B, it was his first week back since being injured. He's done pretty well though. His wrist is a bit sore but has tried to be pretty sensible and not overdo it. He can't work as quickly as before but has a big job he's been doing which he wants to complete Monday not next week, the week after.

Because we got paid the loan in cash I divided up the cash into separate envelopes. It's nearly all gone now because most of it was for us to get back to work. Doing it was a really good idea I think, and I think I want to continue doing this method for our spending money. It was nice to have it set out $xxx for work expenses, $xxx for groceries, $xxx for petrol, $xxx for alcohol etc. I want to do it this way for a couple of reasons: 1) this year I want most of our electronic transactions to be of the debt repaying/saving/bill paying type and 2) you pay more attention to what you spend when you have to pay it in cold hard cash!

B spoke to his income protection insurance and it looks like he will be getting another month's pay around the same time I get my pay, will be good to get some cash flow in. It's all happening. Feels like it's at a snail's pace, but it's all happening!

And hopefully by February 1, I can start the 52 week challenge & Banking The Difference, fingers crossed.

4 Responses to “First Week Back / Cash Envelope System”

  1. scottish girl Says:
    1420802875

    That's true, you do pay more attention to your spending when you're using cash.

  2. VS_ozgirl Says:
    1420806891

    Yeah hope it works out that way

  3. Ima saver Says:
    1420840837

    I have used the cash envelope system for almost 50 years. I works for me!

  4. VS_ozgirl Says:
    1420858853

    Sounds like it could be a good thing to do! Thank you Smile

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