We are still working on finding our footing with our budgeting right now. It is May 7, 5 days after pay day and we still have yet to go get our cash out of the bank for our ash spending. Life is hectic, we have a lot going on and oftentimes I feel like I can’t think straight. Three kids and all.
We went to the zoo last Friday and I realized that I didn’t have any cash in the eating out envelope when we stopped for coffee. At first I pulled out my debit card since I didn’t have the cash, but I actually felt a little weird about that! I didn’t want to use my card at all, I have realized that I much prefer to use cash. Luckily I had some in another envelope so I just “borrowed” some from that one. I wrote down the amount so I could be sure to replace what I took. I need to be more insistent on getting our cash for spending though, because I don’t want to get in the habit of moving cash around like that. I think it leaves too much room for messing up and losing track of our cash.
This afternoon I intend to sit down and figure out the amounts of cash I need to withdraw from the bank to get our cash budgeting system back on track. I really should have already made the plan ahead of time but this is only our second paycheck to do the cash budgeting so I’m giving myself grace. I did use my card the other day and it gave me a little anxiety to use it instead of cash so I really need to get on this planning bit.
I’m also wondering if I need to write down what we spend money on to track where the cash is going. As much as I would love to have that record, I think it may be unnecessary. But. With us just starting out trying to take control of our spending, it might be super helpful to see where we spend our cash. I use the Mint app and it does the tracking for me with my card usage and checking account usage. I can also manually enter in where all the cash goes. Maybe I will just track my spending using the app if I can be diligent to enter in each amount as I spend it.
Having a budget for our different expenses has already begun to make me more conscious of our spending. The other day we had the opportunity to eat at the mall and I told Kevin that I didn’t want to waste our eating out money on the mall. There are other places I would much rather go. I was so pleased to realize how having a budget and making the effort to stick to it has already changed my way of thinking!
Anyways, I can’t wait until we can start to see even more progress from these changes we are making. I really love that we are strictly using cash to buy what we want. Having the budget in place really makes me feel more in control of our money because I am paying more attention to where it is going and I can better keep track of how much has been spent and how much is left.