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Recently I started going to the ATM and withdrawing the cash equivalent of what I have budgeted out for the week. I can't believe what a difference it has made. There's something about seeing the physical cash leaving my hands that makes me much more hesitant to spend it.

Shared by runnindownadream on 10/3/08

This is called the envelope system and it's been a simple budgetary tool for folks starting out on a budget. I do use both cash and my debit card but I keep a checkbook register and have an envelope that holds my receipts for the week. This has been also useful if I need to return something.

  • By coleman
  • on 10/15/08 10:00 AM EST

True, but you have to deal with change. I prefer to use my debit card.

  • By cobber
  • on 10/9/08 2:32 PM EST