BudgetChristmas
To Top

Avoid Holiday Spending With Envelopes

To avoid using credit cards and over spending during the holidays, I use the envelope system. I write each person or event on an envelope and every pay day I put in $5 or $10, just depends. I put the envelopes in order of importance and a certain amount. I take my change and put it in there and when it adds up to $1 or more I take the change and replace it with the dollar bill.

But the best thing about this is I put my name on an envelope too. I place myself in the back so I am last in line, but I buy myself something special during the after holiday sales.

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

December 18, 20080 found this helpful

This is what I do... When I go to the bank, I'll ask them for 4 or 5 of their little money-envelops. I like them because they fit so neatly in my purse.... If I don't use the "Envelope System" I'd be sure to overspend! ... I put each person's name on the front of the envelops with the money I've alloted myself. But the best thing about it is, When I purchase something, I put the recipe right in the envelope too... This way, if someone needs to return something, I'll know exactly right where the receipt is!

Reply Was this helpful? Yes
Ad
By guest (Guest Post)
December 21, 20080 found this helpful

Great idea Pam, I paid my bills that way for years but never thought of it for Christmas now that I am retired. Thanks for this idea and posting it too.

Reply Was this helpful? Yes
December 21, 20080 found this helpful

This is great. You say you put yourself to the back of the list, but you really put yourself first when you do this. Making it through the holiday season knowing you got gifts for all of your loved ones without going into debt is the best Christmas present you could give yourself.

Reply Was this helpful? Yes
December 21, 20080 found this helpful

I find the envelope method good for regular savings too. When I worked, I used to lahel different envelopes "vacation", "taxes", "emergency", "Christmas", etc. And each week after putting the amounts for bills in both our joint checking accounts (my husband was alive then and we had two accounts to make it easier to pay bills), we would add something to each envelope so that when the time came to use the money, it was there. I used to do that for years and a friend of mine was so impressed she started it. The only drawback is that you have to be real disciplined not to take any money from any envelope for something else. It is a great way to discipline yourself into savings.

Reply Was this helpful? Yes
Ad

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related Content
Categories
Holidays and Parties Christmas BudgetDecember 18, 2008
Guides
Selecting Valentine's Day Flowers, A bouquet of fresh cut roses for Valentine's Day
Selecting Valentine's Day Flowers
Hand with Credit Cards
Using a Flexible Spending Account
Catering food.
Inexpensive Wedding Catering Strategies
Spending Money
Spending Money to Save Money
More
😎
Summer Ideas!
🎆
Fourth of July Ideas!
👔
Father's Day Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/06/19 23:53:09 in 2 secs.
Loading Something Awesome!