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August is financial health month and this is a great tool to help you stay on track with your financial goals.
If you have read Dave Ramsey's The total Money Makeover you already understand how these work. If not, don't worry I'll explain.
I happen to like these best, having tried other envelope systems including regular envelopes. These are made of very sturdy card stock, and since I keep them in a zipper pouch I love that they don't get caught up in the zipper. They are very bright and colorful which helps when you're in the store. No more hunting around for the correct envelope, they're all different colors and you know which is which.
Don't get frustrated at first, it can take a few paychecks to figure out the right amount to put in these every week, particularly for things like gifts. You're going to estimate what you need for the year and divide by 52 and put in that amount every week, but if you have triplets with a birthday next week, you're going to have to give this a little time to work. I love using these. Have you tried them yet? I'd love to hear your thoughts.