Hey everybody, what's going on? In this video, I go over the Envelope Method for Budgeting. This low-tech system heavily relies on cash as a payment type but is a great way to visually see how your money is being spent per category. If you have issues with overspending, the Envelope method is a great place to get started with budgeting.
Timecode:
0:00 - Intro
0:34 - Fixed Expenses
1:02 - Variable Expenses
1:15 - Envelope Budget Example
2:02 - Advantages
3:02 - Disadvantages
4:00 - Closing Thoughts
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Disclaimer: I'm not a financial advisor and you should always do your own research when doing any type of investing.
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