With so many people living paycheck to paycheck and attempting to live beyond their means with credit cards, it may be time to bring back what our parents and grandparents referred to as “envelope budgeting.” Envelope budgeting forces consumers to live within their means by dividing their monthly cash into different envelopes, with each of those envelopes allocated to a different necessary expense. The modern version of this system can be done with virtual envelopes in a spreadsheet program. Writer Bio
