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Debt Destroy

Do You Keep Seperate Accounts For Household Spending?


kiran8 Rep Points: 1,320
Posted on April 6, 2009 at 11:37 am
I remember my mother doing it. She used to have many small envelops and my father and mother would sit together and put the required amount into these envelops. The envelops were marked for different expenditure like electricity bill, water bill, gas bill, vegetables, groceries etc; Whatever was left in those envelops ,at the end of the month was put into bank account..I dont do it , but i used to be fascinated during those days and took a lot of interest in the proceedings , each mont/h wanting to know how much money was left in the envelops...Anyone do this?

koreangal Rep Points: 2,330
Posted on April 7, 2009 at 12:12 am
Yes especially you need to spend so much on household each month. Try not to touch the main savings account unless needed. Otherwise use those from the household savings. It would refrain you from getting the money there.

sophie_dfuss Rep Points: 2,445
Posted on April 7, 2009 at 12:26 am
My younger sister do that method because my mother is an impulsive buyer.

vani123 Rep Points: 135
Posted on April 7, 2009 at 12:29 am
nope i don't do that..but i think its a good strategy or way to keep you off from spending so much when you open the envelope and found nothing on it already.

kiran8 Rep Points: 1,320
Posted on April 7, 2009 at 12:36 am
Yes it certainly had its uses, first of all it restricted your spending and it also encouraged you to be thrifty so that one could look forward to a little saving during the month end :)

akhil4u6 Rep Points: 490
Posted on April 7, 2009 at 12:39 am
yes iwill keep seperate accoun ts for household usage.

akhil4u6 Rep Points: 490
Posted on April 7, 2009 at 12:39 am
yes iwill keep seperate accoun ts for household usage.

aliaslucs Rep Points: 1,535
Posted on April 7, 2009 at 3:13 am
yes were doing it.

wonderful1 Rep Points: 1,270
Posted on April 7, 2009 at 3:14 am
Good way to keep ends meet. but I didn't do it, i'm a lazy girl, and i don't want to plan my daily expenses. it will give me a big stress.

kongpeng Rep Points: 190
Posted on April 8, 2009 at 10:51 pm
I make the money very much to be few, basic could support oneself has been good
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