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building wealth

Making changes to your envelope system

envelopes

I am such a fan of the envelope system. The FIRST step we made in starting this Debt Free Process was to start living on cash. We had done it some in the past but never stuck with it 100%. We both agreed to jump in with both feet!

I’ve mentioned before the envelopes that we use. After I traded my car, I did not need as much in the gas envelope. My husband’s fuel is covered through his work so the envelope is only for me. I realized after a few weeks that I had a LOT of cash leftover in that envelope… BUT, we had really gotten into trying new food at home and were spending more at the store. Easy fix! But– I still took time to read on Dave Ramsey’s website to see what he would say. πŸ™‚ Once I had his permission {I know, I know} to make this change, I did it.

The cash we take out each month is still the same amount BUT it gets divided up differently. Make those changes! YOU are in control! Perhaps your family requires a TON of money for food but you live in a place where you take the bus? Or maybe you only have one vehicle. That’s OKAY!

I’ve mentioned my Love/Hate relationship with DR before… and part of the reason is that he comes across as though there is no margin for error, or change. I want to do it RIGHT and let’s face it- Dave Ramsey has this down to an art! So I was struggling with swaying from the “plan.” Make the plan your own! You know what your needs are and you HAVE to take those into full consideration on this “plan.” The PLAN will NEVER work if you aren’t on board. And it’s HARD to get in board when it seems so rigid, right?! I know I felt that way! I don’t anymore.. I have made peace with making changes. InΒ  some areas I follow his plan 150%, but in others, well, my husband and I don’t agree with them. {Mainly the emergency fund… DR says $1000 and we say we want it to be more to feel comfortable.}

Make it your own. Take each step and apply it in the BEST way to fit your NEEDS!

Thanks for reading!

For Now,

Cara Roxanne

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As I have said before, when I was BIG into reading financial savings blogs, frugality books/blogs, and so on, I would get so frustrated when I would click on one that looked so inspirational only to find out that NONE of it applied to me.

Some would suggest “get rid of your cable all together”– ok, that’s not gonna happen {for me}

Others would say “How to spend less than $25 dollars a week on groceries”- ok, we are NOT gonna eat THAT….

I say that to say– these may not apply to you. BUT, they may apply to some ONE and that’s the purpose.

On your journey towards financial freedom, cutting spending, saving more, or whatever your goal is, you HAVE to start somewhere. {You already know this} Here are some things WE have done that worked for US. Maybe one will inspire you! πŸ™‚

  1. I chatted online with DISH. I told them I was considering leaving them unless they could lower my bill. Guess what? They lowered my bill for $30 bucks for 6 months! As Charlie Sheen would say “WINNING”. After that 6 months, I got BACK on chat and got 3 more months PLUS free HBO for a month. Worth a shot!
  2. Start clipping coupons! I did this for one year and my stock pile lasted us 3 years. Not lying. I never bought detergent, toothpaste or deo for 3 WHOLE YEARS! It was so nice. I’m at a point where I don’t have time for that… school and family keeps me too busy for that BUT it helped us out when we needed it most!
  3. Know what items sell for! I took a spiral notebook and half a day and went to Kroger, Walmart, and Harps and wrote down (before I left the house) the items that I buy EVERY. SINGLE. WEEK. I wanted to know if there truly was a big difference–not counting on the coupons or weekly specials, just plain and simple what items cost. This helped me with my grocery budget!
  4. I wasn’t afraid to ask. {This can be embarrassing if you don’t do it right} I called restaurants before we went to them and asked about specials. I looked online and social media to see if I could find coupons or freebies. I would ask the butcher at Kroger if he had any meat he was about to mark down. {I can’t tell you how many times this saved me TONS}. I called Entergy and asked if we were better off to do levelized billing or NOT. Bottom line– I wasn’t afraid to ask for a discount, for what days they have special pricing, for specials. I don’t have an amount written down but I assure you this saved us tons of money!
  5. I decided what I could do without. I should blog about this separately, but I have TERRIBLE feet. I mean the worst. Picture the worst–now double it! That’s my feet. In the summer I LOVE to get my toes done up pretty. But it gets expensive. I decided I could buy the tools and do it for myself in between pedicures. I don’t HAVE to have a pedicure every 3 weeks… I mean I WANT to, but I can’t if my goal is to be financially free of debt.
  6. Plan ahead. You know every evening your family wants food… and how every December a major holiday rolls around? Plan ahead. Plan your meals. Shop in your own pantry. Buy gift cards throughout the year so that when Christmas rolls around you either have gifts to give OR you have gift cards to go buy them with. Mothers day is EVERY single May. That’s not gonna change. Start thinking about that in January. PLAN. UGH. HEAD. {See what I did there?}
  7. Probably should have been #1 on the list, BUT… make a budget. I will go into MUCH MORE DETAIL tomorrow {I’ve been in class all night and my brain is fried} but you HAVE to do this or you will never create any traction.Β void

 

There are SO many more I would love to share with you! And I can’t WAIT to share with you. For now, this is a good start. πŸ™‚ I hope…

Feel free to email me with questions. roxyrambles02@gmail.com

For now,

Roxy

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