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A quickie comment about the envelope system

February 7th, 2008 at 07:15 pm

I just wanted to post a quick entry about the envelope system we created for office expenses. It's working and oh boy, how it's working!

Today is the 7th of the month and we already have 1/3 of the money we need to pay the bills later this month. Of course, it doesn't hurt that we're using Dave Ramsey's envelope system for our personal expenses and we've saved almost $100 by not smoking for a week.

All these things have combined to give us a little bit of financial breathing room. And I hope it continues!

I can't recommend strongly enough taking Financial Peace University. Even if you don't have debt (or much debt) it's a worthwhile course for information on budgeting, saving, and investing.

8 Responses to “A quickie comment about the envelope system”

  1. compulsive debtor Says:

    Good for you, Denise. I love the envelope system as you know. By the way, thanks for the meatloaf recipe. It was delicious.

  2. DeniseNTexas Says:

    I wish I'd adopted the envelope system years ago!! Better late than never, though, I guess.

    And I'm glad you liked the meatloaf. We love it!

  3. aevans1206 Says:

    Yay for not smoking for a week! Days four, five, six and seven were the worst for us, so you're making it into the clear. Take a deep breath and think about how unbelievable you're going to feel a few months from now (and all the money in your pockets)!

  4. mom-sense Says:


    Where is the FPU? Is it online? My best friend was having problems with her finances (always complained about it) and I went through things with her yesterday. With no money saved and credit card debt spread over 8 cards, I had no idea what to tell her, except to agree with her that she probably should get another prosper loan($6,000 with $200 monthly payments for three years). As someone not in her situation, I didn't even know where to begin. I should probably send her to FPU. Any infor?

  5. Ima saver Says:

    I would not reccommend that she get another loan. FPU are held in all the major cities. Contact Dave Ramsey's organzation.

  6. DeniseNTexas Says:

    mom-sense, no loan! no, no, no! go to daveramsey.com and look for the FPU classes in her zip code. It's definitely worth the $100 or so it will probably cost to take the class.

    Also, have her listen to his archived shows. They help, too.

  7. Aleta Says:

    Yes, his website offers alot. I picked up his TOTAL MONEY MAKEOVER book from the library. You probably can get alot of his books there.

    Mom-Sense: If you can help your friend to write down every debt and to start paying off the one that has the lowest balance; that might be a start for her.

    People like this need alot of encouragement and told that they can do it. If she will listen, she'll become a grateful friend.

  8. zenith Says:

    We went to Dave Ramsey's live event, so we got to hear him in person. He was great. He just poured his heart out to the audience for about 3 hours. Definitely worth the money!
    I love Dave Ramsey. I found his program while on a long drive home one weekend and I've been a faithful listener ever since.
    Dave Ramsey and savingadvice.com help keep me out of debt.
    I am so grateful for both!

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