C.R.E.A.M.: Envelope Budgeting Strategy

Image from rapgenius.com

Today’s topic is a little more specific to budgeting strategies. Now I know for some of us Moms, we have a knack for paying for everything electronically, automatically through some type of auto-pay arrangement (some companies let you save money with this option, especially cable TV!), or online banking. For other Moms, electronic budgeting is much too confusing and doesn’t feel concrete or secure. For the Moms who budget with cash, you’re in luck! There is a system for you too! This post is for you~

Image from affordablenursingschools.com

Although I love the convenience of the debit card, I needed to slow down on my retail therapy. For those of you who know me well, you know I like to ‘trick’ my mind into being better – it’s an easier transition than scolding myself for making poor decisions. In order to ‘trick’ myself into slowing down on my spending, I would withdraw cash for my spending. That would mean that anything I swiped my debit card for would be used for bills only. The money I set aside for my spending that month would be in my wallet. This practice made me see exactly how much I was spending on items and how fast money could go when purchasing impulsively. I quickly changed my habits! The concept of Envelope Budgeting is very similar in that you take out cash (or checks I guess) in order to organize your bills, labeling each envelope with the item assigned to the amount within them.

Image from familyconsumersciences.com

The envelopes can be placed strategically through your house for easy access and can be a source for getting the entire household involved. This keeps everyone in the know regarding what is due and where all of our money is going. It can also be a great intro to budgeting for the little ones – they will eventually need to know the cost of everything they indulge in. The idea is not to keep your budget to yourself – in your own head. Sometimes, we compromise on our spending much easier in our thoughts than with the dollars we hold in our hand. This strategy can help with bringing to reality the cost of your lifestyle and you can more readily decide what you can live without. Maybe you end up deciding your lifestyle is a bit costly which could lead to pursuit of a different position, home, car, career, or just adding an income that you thought you didn’t need.

Image from stepupmoney.com

There are many ways to get your budget to work for you and your situation. No matter how much you bring into your home, getting organized can help you to manage your finances and become an excellent steward of your wealth – yes I said wealth! We all have wealth and riches running through our fingers, how we choose to use it is totally up to us.



ladiSims is a Workforce Consultant with 6+ years of extensive experience in social services, workforce development, small business development, recruiting and case management. She serves a variety of job seekers, including veterans and disabled adults, with finding employment and adjusting to career changes. Many of her clients seek to transition into new careers with financial and educational barriers hindering their success. ladiSims also shares resources, teaches Employment Readiness, and provides solutions for small businesses in her community. Born and raised in Chicago, IL, ladiSims has a passion for helping people progress towards their career, family, and entrepreneurial goals – she is also an advocate for education. Her BA degree is in English with a minor in African America Studies from SIUC where she also studied creative writing, journalism, and education. She also has a Master’s in Urban Planning and Policy (MUPP) with a concentration in Community Development from UIC. Her ‘why’ includes her daughter Charlotte, 2 moms, 2 dads, numerous siblings, faith in Christ, and the youth of ChiCity. Among her peers, she is known for simplifying complex issues, offering conflict resolution, and being able to connect with individuals of various socioeconomic statuses, cultures, skill sets, & educational backgrounds. ladiSims uses her ability to create and maintain strategic partnerships to influence both rural and urban communities. Find ladiSims on Instagram, Twitter, and Periscope for more of her shenanigans!



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