My mom gave me this really cool tip. This is a really great technique to save small amounts of cash for rainy day activities! You will need to use cash for this method.
Take out a few small envelopes and title them what you want to save for (i.e. Manicure, Pedicure, Massage, Shoes, Lingerie, Amusement Park, Movies, etc.). You can have as many envelopes as you like.
You decide the frequency that you will put small amounts of money away in them (every month, week, etc.) and everytime you get paid or whenever you have some cash, put your cash away in your designated envelopes. So whenever your girlfriend calls you up to do something, or you want to do something exciting for yourself you can always turn to your rainy day funds to save the day.
I have envelopes for Borders Bookstore, Spa Treatment, and New Wardrobe. My goal is to have a all day spa treatment once a quarter and a enough funds for a spring/summer and fall/winter wardrobe!
Monday, February 18, 2008
Use Envelopes to Fund Your Activites for Fun Days
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What a cute idea Tamika, I will try that one as well. What I have done is this... On every dollar bill there is a number that coincides with a alphabet with a circle round it, ie.. 2 next to B which represents Federal Reserve Bank New York...ok... I picked the number 11 next to the L which is Texas and every time I get a one dollar with that number 11 on it I save it, before long you will have saved a bunch. Gets to a point when I stop by Mickey D with my daughter and I only have 11's in my wallet...I drive off and go home and cook, because I'm not going to spend my 11's. When I reach $50.00 I take it and put it in the my daughter bank account. It adds up trust me. Cya. Marcia
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