If you're like me, you're always looking for ways to cut back, spend wiser, save money...but still have a life!
I've never really had a set budget but I have a pretty good sense of our input and output. However, some months we are more frugal than others. I will admit that our biggest problem is eating out (but I'm working on freezing more meals so we'll always have something available to make for dinner). We eat out for dinner about once a week and I'd say there's a lunch thrown in there on most weeks, too. The problem is, by the time you throw in a Starbucks Chai Latte and a happy hour after work and the "budget" is blown.
I have often heard of people who stick to a budget by using cash only to pay for everything. That was never really practical for us with a biweekly paycheck. Well, now my husband gets paid only once a month so I decided it would be the perfect opportunity to give this budgeting strategy a try.
So starting this month, we will have a family allowance (for eating out and entertainment) and my husband and I will each get our own personal allowance (for aforementioned Starbucks and happy hour treats). This way I won't feel guilty for that Hobby Lobby splurge and my husband won't feel like he has to ask permission to buy a soccer jersey.
Any of you out there use the cash only method? How does it work for you? Any tips for a novice? Or do you have a different budget strategy that works for you?
Wish us luck! I'll let you know how it goes!
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