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Probably one of the earliest (and easiest) methods of budgeting is something called “envelope budgeting“. At its simplest it works by setting aside a specific budgeted amount each month into seperate envelopes – you would then use these envelopes to pay out your monthly expenses (and while you are able to transfer funds from one envelope to another this is “frowned upon”). Once an envelope is empty you are unable to spend anymore in that specific category.

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Published 1 year 41 weeks ago – Made popular 1 year 38 weeks ago
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