Wednesday, January 6, 2010
The Busby Budget
With a new job, a temporary paycut, and having to pay for health insurance I've decided to create The Busby Budget inspired by The Envelope System by Dave Ramsey. It's basically taking cash, distributing it into categorized envelopes according to a breakdown of what you spend your money on (clothes, food, gas, etc.). Once you run out of cash that's it. You can't spend anything else in that category. It recommends a savings envelope to put cash in if you have anything left at the end of the month. That can either go in a Savings Account or can be used for Fun Money. Hopefully we'll have some left to go in this at the end of the month. Wish me luck! Anyone else want to share their tips on saving money or what they do for budgeting?