I really like his ideas and we have implemented most of them. We have paid off almost all of our debt and we have a good savings account started. The other thing we have done is gone to the all cash system. We did this for a few months last year and it worked pretty well. Then we slacked off around the holidays and started using our debit cards again. It is amazing how much more we spend when we just use our debit. Without really "seeing" what goes out, it makes it alot easier to spend. So, we have gone back to the cash system. I really wanted to purchase something along the lines of the Dave Ramsey wallet, but I couldn't justify spending the money so I am using this.
My old coupon organizer! I figured it wasn't getting any use anymore since I upgraded to the binder. It works perfect and fits in my purse nicely. I used to use white envelopes for each category which worked well too.
I have 8 categories. Grocery, Haircuts, Birthday/Holiday, Entertainment, Clothes, Kids Allowance, House Maint., and Garage Sale. Once all the money is gone out of the envelope for the month, it's gone. No more spending.
The last couple months I have been way over budget in a few areas. Hopefully by started this system again it will get us back on track with our spending.
You can read more about Dave Ramsey's envelope system here on his website.
