During college, I used the envelop system. The idea of doing it again didn't really appeal to me ....until after the Grocery Challenge.
I started again and here goes:
Food (incl paper products, cleaning, alcohol, eating out-convenience) $81
Upkeep (house expense - paint and light bulbs) $10
Major upgrade/maintenance $38
Gas - (incl vacation gas expense) $30
Childcare (incl babysitter, preschool, after school activities, camp) $92
Fun (incl waterparks, out to eat -sit down, vacation) $57
I have broken down the number of twenties, tens, fives, and singles that are needed and place them in an envelope with the receipts.
I'm on week #2. Last week went well. Had about $25 leftover from groceries plus $25 in mail in rebate--Fetzer. This week, I'm ok. Did another $25 mail in rebate for Sterling and was kind of stressed out about the amount of cash remaining for the weekend.
There was a study that shows that amount of pain a person goes through when they have to pay cash vs credit card, vs express swipe (BP Amoco). How does it work when I go to the gas station? I go to the register, give them my cash and pump my gas.
Please let me know if you are on a cash system.