Recently, we scoured over our budget, re-assigning categories and tweaking amounts, until little holes were fixed and the numbers ran smooth.
We use Mvelopes, created by Crown Financial Ministries, and our budget categories appear as envelopes to us on the screen, a virtual cash envelope system. It is a wonderful tool for visual people, for someone like me. I need to see it, broken down, and the virtual envelope method works quite well for me. My banking transactions are uploaded into Mvelopes, and all I do is simply drag each transaction to the appropriate envelope. I don’t need to enter anything, I just click and drag. And, the program does all the math for me. It’s about as easy – and convenient – as an online budgeting program can be. What I like even better is that it’s offered by Crown Financial Ministries; they had been an integral part of our purchasing our home cash nearly four years ago.
Whether you use Mvelopes or another program, an Excel spreadsheet, or plain old pencil and paper (we’ve done that, too!), I hope you will find this peek into our budget “envelopes” helpful.
Here are some category suggestions:
- Auto: Insurance
- Auto: Gas/Oil
- Auto: Maintenance/Repair
- Auto: Savings for Replacement
- Emergency Savings
- Entertainment (ie, Netflix)
- Eating Out
- Insurance: Health
- Insurance: Life, etc
- Housing: Homeowner’s Insurance
- Housing: Property Taxes
- Housing: Internet
- Housing: Maintenance
- Housing: Electric/Gas
- Housing: Telephone
- Housing: Water/Sewer
- Christmas Savings
- Pet Care/Food
Does your family use a written budget? Do you have additional envelopes or budget categories?
***If you’d like to try the online envelope budgeting program, Mvelopes, FREE for two weeks, please use this link. Should you choose to continue after the introductory two weeks, you’ll receive a special promotional rate for using my referral link. You may cancel anytime. We’ve used it for over four years now and I can’t recommend it enough!***
I’m very excited about my exciting DaySpring giveaway going on right now – have you entered yet?