In the “envelope method”, each and every necessary bills or expenses has its own envelopes. Every time you receive your income, you would take away portions of it and insert those in each envelope that you have alloted to pay the bills. Take note of the word “necessary” and these should pertain to needs and not wants.

Furthermore, the most important of all envelopes is “Pay Yourself” envelope in which it should be your priority “expenses”. Setting aside savings first before spending the rest would enable you to buy the most important thing – your future.

this is a my tricks.

i used to have a lot of credit cards then deactivated most of them and currently maintaining two for emergency. i pay cash for the items i need to buy. i maintain one envelop for all my little spendings, buying items not in my priority list. if the amount exceeds what’s inside the envelop, then, i must postpone buying that item and wait til i accumulate extra cash! =)

it maybe simple but a lot of people dont realize it (i only have one piggy though)

Very helpful article about controlling spending! especially when you include the worksheet for the reader to list down their spending and saving commitment. Your article inspired me to write my own version of spending control as well, but i further look into the emotional side of the spending behaviour. You might be interested to have a look

Regards
Zen

As for the other, I also had the annual fee cancelled. There is only one credit card which is actively used and I see to it that I pay the whole amount due in due date through online banking to avoid hassle and inconvenience of lining up.

This article is so timing, thanks for sharing!