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By preparing, and allocating money for a particular purchase, it can free you from the guilt of spending money.
In this video we talk about how we prepared for our annual trip to the MN State Fair. Was able to spend money of food, drink, entertainment, and spend the entire day guilt free!
We used the Envelope method of budgeting. Every time you are paid, you place an determined amount of money in an envelope. You can spend only money in that envelope for that category. Dining, Groceries, Gifts, Auto Repair, etc.
It’s a great way to begin budgeting. It helps with overspending, and also allows you to spend with out feeling the guilt. You’ve already allocated the money for that purchase!
Easy Peasy!
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